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Microcap & Penny Stocks : OILEX (OLEX)
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To: Nanlin Chiang who wrote (750)1/24/1997 4:20:00 AM
From: Larry Sallee   of 4276
 
Nanlin Chiang- I guess I was assuming there always is some short term on the books- bottom line when I go looking for another company like OLEX with no or very low debt, it is very hard to find. I like the idea that there will always be a low personel ratio to income( onerhead of many tech companys load them down and frankly even productive people are expensive),the product requires no manufacturing costs or problems and there is no unsold inventory to store and go out of fashon or rot. With the pump even a big drop in oil prices will not keep the income back as much as other producers who are paying much more per bbrl to get it above ground( 3 vs7 )and that gives OLEX a big advantage in weathering a storm. It sure is a lot easyer to fix something on the pump above ground in a garage than down hole. Sadly I forsee even higher oil prices world wide- there are just too many situations that could cause a big supply problem. We will all be paying much more for energy in the near future. Larry
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