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Gold/Mining/Energy : Big Dog's Boom Boom Room -- Ignore unavailable to you. Want to Upgrade?

To: Sultan who wrote (112895)	10/31/2008 11:03:09 AM
From: Ed Ajootian	Read Replies (1) \| Respond to of 206150

Sultan, Oilexco (OIL.TO) -- I'm pretty familiar with them but blew out a small position I had in them after they announced on 10/3 that they were having trouble getting their new financing closed. They are still on my radar screen for possible re-entry, once they bring the money in. I really like what they are doing in the field. There is hope for these North Sea companies yet --- today Ithaca Energy (IAE.TO) announced a new convertible debt financing, and they are in much worse financial shape than someone like an Oilexco. This bodes well for companies such as Endeavour (END) which have made some discoveries but now will need some money to develop them.