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Author Topic: omog
slim
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anyone know,anything about omog?
Posts: 280 | From: w.sacto.ca. u.s.a. | Registered: Feb 2004  |  IP: Logged | Report this post to a Moderator
mr_geronimo
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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).]


Posts: 159 | Registered: May 2004  |  IP: Logged | Report this post to a Moderator
   

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