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Strategies & Market Trends : Bosco & Crossy's stock picks,talk area -- Ignore unavailable to you. Want to Upgrade?

To: Joe Dancy who wrote (34882)	11/12/2009 1:00:40 PM
From: laurin_de	2 Recommendations Respond to of 37387

CXPO.OB and GEOI: I'm currently reading up on CXPO.OB and so far I really like what I found (and it confirms what you posted here - and we all are biased in one way or another :-) ). As soon as I've learnt about the longer-term production rate from the Kardell well I will likely buy... I'm already heavily invested in Bakken companies... PBG.TO is my largest holding by far, KOG has been very nice to me, and SSN.V... well, you can't win it all... Did you ever look into Gasco, GSX? They are carried by OXY in California, which looks very promising. I would appreciate a few comments. You should take a serious look at RME.TO! Not an O&G company, but AG-related, and after their q3 release and especially considering what they said during the Q&A in their CC I think they are a winner. GLTA - Laurin

To: Joe Dancy who wrote (34882)	11/14/2009 7:54:41 AM
From: Ed Ajootian	1 Recommendation Read Replies (1) \| Respond to of 37387

Joe Dancy, Crimson Ex (CXPO) -- Great call on this one. I bought a bit of this stock based partly on the initial piece you wrote on your website and so far its performed well, thanks to that Kardell well. Wondering if you know why they have remained on the OTCBB all these years, when they easily could have gotten off of that long ago. I know that their majority owner, Oaktree, has no plans to sell and therefore doesn't care where the stock price is right now. But IMO they are making a mistake to not go onto a senior exchange because by staying on the OTCBB, if they ever need to raise equity they will be hampered in those efforts, vs. if they were on Nasdaq or NYSE Amex. I see that per yesterday's 8K they had to have Oaktree guarantee a new $10 M promissory note in order to pay their bank line down to $10 M lower than the newly redetermined borrowing base, and this note is due in 2 months. It will be interesting to see how they come up with the money to pay this off. Had they been trading on a senior exchange, this would have been a great time to do a little equity raise, but to do it now would be a sub-optimal solution, IMO, given the discount being placed on the stock as a result of it trading on the OTCBB. These guys are doing some great things out in the field, it would be a shame if the company does not succeed due to financial missteps.