OILEXCO INC., $0.19, symbol OIL on Toronto, announced last week that its UK subsidiary Oilexco North Sea Ltd. intends to file for bankruptcy protection. The UK subsidiary holds almost all of Oilexco’s assets.
In December, 2008, The Royal Bank of Scotland, Oilexco’s main lender, provided… Read More
This downturn is going a lot further down that I ever expected. I still see it as a financial panic, rather than an indicator of the depth of the recession that now seems to have started. In other words, the market drop reflects a drying… Read More
OILEXCO INC. $16.27 (Toronto symbol OIL; SI Rating: Speculative) (403-262-5441; www.oilexco.com; Shares outstanding: 221.5 million; Market cap: $3.6 billion) reported cash flow of $0.64 a share on revenues of $172.4 million in the three months ended March 31, 2008. (All figures except share price and… Read More
We continue to like the prospects for oil and gas stocks — and the recent pullback in share prices makes them attractive right now.
It’s uncertain if oil and gas prices will drop further in the short term, or move back up. Either way, prices will… Read More
OILEXCO INC., $17.94, symbol OIL on Toronto, rose as much as 11% last Friday after it discovered significant oil and natural gas bearing zones at its Moth project in Britain’s central North Sea. Drilling at the Moth well went to a depth of 14,616 feet… Read More
OILEXCO INC. $15.90 (Toronto symbol OIL; SI Rating: Speculative) (403-262-5441; www.oilexco.com; Shares outstanding: 219.8 million; Market cap: $3.5 billion) jumped recently after it struck a new oil bearing zone at its 40%-held Huntington field in Britain’s central North Sea. The well was part of additional… Read More
BAFFINLAND IRON MINES, $3.65, symbol BIM on Toronto, reached as high as $4.40 this week after it reported a near tripling of mineral reserves at its 100%-owned Mary River iron deposits on Baffin Island in Nunavut. Results from the latest exploration program now indicate total… Read More
TUCOWS INC. $0.70 (Toronto symbol TC; SI Rating: Speculative) (1-800-371-6992; www.tucowsinc.com; Shares outstanding: 73.8 million; Market cap: $51.6 million) provides domain name registrations and other services to over 9,000 Web-hosting companies and Internet service providers. It provides registration for such top domains as .com, .net,… Read More
DEVON ENERGY CORP. $83.43 (New York symbol DVN; SI Rating: Speculative) (405-235-3611; www.devonenergy.com; Shares outstanding: 445.9 million; Market cap: $37.2 billion) is one of the largest U.S.-based independent oil and gas explorers and producers.
Devon’s properties are located mainly in the United States and Canada and,… Read More
OILEXCO INC. $13.92 (Toronto symbol OIL; SI Rating: Speculative) (403-262-5441; www.oilexco.com; Shares outstanding: 216.2 million; Market cap: $3.0 billion) has started production from its 100%-owned Brenda and 70%-owned Nicol oil finds in the UK North Sea. The company estimates that production from the three wells… Read More
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"Contact Us" and Comment Features: TSI Network encourages visitors to its websites to contact us with questions and comments. Email addresses and other information of persons using these features may be collected in order to facilitate our responses to those inquiries.
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Changes to this Policy
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