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» Allstocks.com's Bulletin Board » Asia, China and Canadian Stocks » OCL up another 15% (42% yesterday) on another 1.2 millions shares...

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Author Topic: OCL up another 15% (42% yesterday) on another 1.2 millions shares...
dtaylor
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Something very good must be up. The last two days are the highest trading volume days in the company's history. They must of hit the oil they were looking for. Jennings Oil and Gas gave it a 4-6 dollar value if they did. Take a look.

David Pescord's Stocktalk Late Edition

ORCALE ENERGY (V-OCL)

I've been learning the last seven or eight days - the hard way; that if the surgeon tells you that you are probably going to take about two weeks to recover from shoulder surgery and you are going to have some pain with it, he probably knows what he is talking about.

So much for our thoughts about getting right back at it, but hopefully by next week we will be back to the salt mines, but in the meantime we have these squares to fill on a daily basis so we go to Jennings Oil and Gas Analyst Andy Gustajtis to help us out.

"Please, Andy, do you have anything a speculator might not be aware of in today's markets that he might want to know about and probably hasn't heard of? Gustajtis, always the obliging analyst, responds Oracle is one junior that a person should be looking at. Fully diluted, he says, it only has 28 million shares outstanding, so its got a very junior market cap at this time. They just recently farmed into some big holdings in Romania and much of that, he suggests, simply involves re-entry work. But, he says if you are looking for the pizzazz...they just farmed into a play in Yemen that has a 200 million barrel target and drilling should start in October and that he suggests is going to attract some attention. Seven percent interest (SINCE INCREASED TO 15%) in a 200 million barrel prospect still works out to a potential two or three to a several buck target on a cheap stock, should it work out.

He mentions that the people involved in this play in Yemen, were the ones that originally were associated with Hunt Oil, the company that blew open the exploration in Yemen, 15 or 20 years ago, with the original discoveries that made this area as exciting as it is. If you [look at] the management you will see that many of them have international connections in the oil and gas patch, much of it centered around Yemen.

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Good Luck and Smart Investing

Posts: 31 | Registered: Nov 2005  |  IP: Logged | Report this post to a Moderator
   

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