The Stock Pickers Digest Hotline – Friday, January 9, 2009

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

Oilexco Inc. $16.27 – Toronto symbol OIL

OILEXCO INC. $16.27 (Toronto symbol OIL; SI Rating: Speculative) (403-262-5441;; 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

Staying Out Of Volatile Regions Is a Plus

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

Another Find for Oilexco

OILEXCO INC. $15.90 (Toronto symbol OIL; SI Rating: Speculative) (403-262-5441;; 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

Stock Pickers Digest Hotline – Friday, February 15, 2008

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

Updating Tucows Inc., Pulse Data and Oilexco Inc.

TUCOWS INC. $0.70 (Toronto symbol TC; SI Rating: Speculative) (1-800-371-6992;; 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

Development Spending Will Boost Output

DEVON ENERGY CORP. $83.43 (New York symbol DVN; SI Rating: Speculative) (405-235-3611;; 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