This is topic omog in forum Hot Stocks Free for All ! at Allstocks.com's Bulletin Board.


To visit this topic, use this URL:
http://www.allstocks.com/stockmessageboard/ubb/ultimatebb.php/ubb/get_topic/f/2/t/005739.html

Posted by slim on :
 
anyone know,anything about omog?
 
Posted by mr_geronimo on :
 
Bought it, sold it, don't want it back.

It reacts slightly to oil prices. Gradual rise as prices went up, and then it collapsed in anticipation of weakening prices, but far before they had weakened.

By the way, they basically hold deeds and leases to land that either have some domestic oil deposits or are thought to have them. One has to wonder about the lowwww share price when oil is such a hot commodity these days. Domestic oil is supposedly more difficult to extract as well, which translates into greater expense. Domestic oil is sought out when oil prices rise to the point that it makes commercial sense to go through the extra effort of extraction. All that said, I'm not sure about the oil supply on OMOG land.

All these statements are solely my opinions. I'd avoid it.

[This message has been edited by mr_geronimo (edited December 13, 2004).]
 




© 1997 - 2021 Allstocks.com. All rights reserved.

Powered by Infopop Corporation
UBB.classic™ 6.7.2