Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Microcap & Penny Stocks : OILEX (OLEX) -- Ignore unavailable to you. Want to Upgrade?

To: Steven Taylor who wrote (3091)	3/27/1998 12:49:00 PM
From: Marty Rubin	Read Replies (1) \| Respond to of 4276

Hay, genius! Thank you for the great posts you have posted here in the past but were too late for me to comment. It gives me a better understanding on how the oil industry works (and all the terms). I won't tuch Oilex anyhow because I don't trust mngmt. for a moment. Some peopie do. Let them screw their own lives. Nice weekend, Marty Check out YHOO. It has a big short but it keeps climbing. I once went short on AMZN for a very short session and got burned. Gaind it in other places, though, but it's a major lesson in short selling if you want to try it one day/have a list of major short positions on stock and figure which pattern to take in order to make a profit. Send me a private message next time, if you please, or an e-mail. This stock can go to zero so be careful not to bet too much on this or any BB stock. If you like BBs after all, check FTEL. It should have a bounce to gain helf their 52-wk. high, before going cheap down for tax-loss, etc. (Pure guess.) See ya.

To: Steven Taylor who wrote (3091)	3/27/1998 12:51:00 PM
From: Larry Sallee	Read Replies (1) \| Respond to of 4276

Well SteveT looks like you let one cat out of the bag!! I have been following HCM for two years and though I didn't have actual production , it looks like I wasn't far off. 2 million to the bottom and take 1/2 of the profits to drill new wells in the last 1/2 of the year. My strong belief is that the Oilex property is higher on the formation and my thinking is HCM is sure crowding the fence:)By the way do you know who owns HCM?? Now my guess is that they hope to pull 40 to 50 million out in the next 10 years- what do you think that field is worth now ? If the average well in Big Foot only produces 75 bbrls a day and you invest in 10 wells you get a daily production of 750 bbrls- you have no infrastructure to build and are already connected off field plus you have an addition ,of at least ,30 more drill locations.You can swabb enough out of the existing wells to pay for the whole operation and open up the next field. I have been waiting to see them do a horizontal development on an older well-that could be the best way. Frankly I got tired of many yelling for me to shut up and "show me the oil"- the wells came in-NOW I want someone to show me all the stock that was to flood in?????- right now Oilex has an offer for 2.2 million on one asset that equals approx. .50 per share right now ! Not the wells and fields ,only the royalty properties-I have averaged down and I am going to follow the oil and gas. If Cayc is interested in Oilex my opinion is that it is not the production of the four wells at Big Foot but in part what was learned by drilling them. There are 7 additional fields. ( IMHO only) Larry