Oilexco

OILEXCO $0.08 (Toronto symbol OIL; SI Rating: Speculative) (403-262-5441; www.oilexco.com; Shares outstanding: 223.8 million; Market cap: $17.9 million) recently announced that its UK Oilexco North Sea subsidiary 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 $47.5 million U.S. in bridge financing that …read more »

ADOBE SYSTEMS $25.94 (Nasdaq symbol ADBE; SI Rating: Average) (408-536-6000; www.adobe.com; Shares outstanding: 531.0 million; Market cap: $13.8 billion) reported earnings in the latest quarter that exceeded consensus expectations. Excluding one-time items, earnings per share in the three months ended August 29, 2008 rose 11.1%, to $0.50 from $0.45 a year earlier. That beat expectations of $0.46 a share. Revenues …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 market cap in U.S. dollars). The company’s shares now trade at 6.4 times annualized cash …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 likely remain way above long-term averages. We think the best way to cut risk in …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 drilling being done to evaluate the size of the multizone Huntington field, discovered in 2007. …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, and .org, as well as 17 countrycode domains, including .ca, .us and .uk. It manages …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, to a lesser degree, various regions outside North America, including Azerbaijan, Brazil, China and Russia. …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 in Brenda and one well in Nicol will average 30,000 barrels of oil a day …read more »

OILEXCO INC. $6.76 (Toronto symbol OIL; SI Rating: Speculative) (403-262-5441; www.oilexco.com; Shares outstanding: 197.3 million; Market cap: $1.3 billion) is an oil and gas company focused on the UK North Sea.

As some of the biggest pools of oil in the North Sea are depleted, most major oil and gas companies, such as British Petroleum and RoyalDutch/Shell, have withdrawn from actively …read more »

Most junior oil and gas stocks are now trading near their lows for the year on investor worries that oil and natural gas prices will remain low, or even drop further.

Oil now trades at around $61 U.S. a barrel, down from the record high of over $78 that it reached in July this year. Still, global demand for oil continues …read more »