Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.

Oilex: continuing to make me laugh

By Ben Turney

11 March 2014 14:15

In their relentless quest to make us buy their stock, it seems that the executives of Oilex (OEX) are also determined to bore us to death with a stream of mundane RNS announcements about goings on at Cambay-77H. The latest instalment of these has told us the vitally important news that the 13 3/8 inch casing set and cemented. Yep, that’s right. The drill team has done what it was obviously going to do. Please wake me up when this is all over.

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Comments

mahmut

11 March 2014, 15:52

Ben,
like you said grumpy old man, I think its time to grow up or shut up for good, you been burned because you invested in oilex? No no grumpy old man you just been so greedy prove me im not wrong, you keep talking about no sense mate if you look at oex history it was not them when everything gone wrong it was magna’s mistake when drill broken so make your facts right before writing s..t articles
Ben Turney

12 March 2014, 07:06

@mahmut
I’ll try and answer sensibly.

I think you’ve missed the point I have been making about this stock.

What has happened operationally in the past is irrelevant to the current fortunes of the share price, as far as I am concerned. All that really matters is the presence of what remains of those 94.75million placement shares.

Please feel free to prove me wrong and buy as much OEX as you can though.

I won’t be following you in that trade