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


To: Steve who wrote (3582)6/22/1998 10:52:00 AM
From: Richard L. Williams  Read Replies (2) | Respond to of 4276
 
Hmm...VERY heavy selling today. Last sale was a 25,000 share block about an hour ago, somebody is betting against this company big time.

I read that article on stripper wells as being positive for OSR and Oilex, Steve...as you pointed out, any lowering of lifting costs can return a stripper well to profitablity. Do you know if OSR is advertising their equipment, and are they ramping up production?

An interesting side note..the oil industry in Texas is having a hard time finding workers. The Texas Railroad Commission (why are they in charge of oil well, BTW?) has started a program to train prison convicts while they are still in jail.

Cheers!
Rick