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Message: when to buy?

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wiggum12

This user has been banned for violating Agoracom's Six Rules of Use

Re: when to buy?

in response to when to buy? by JakyJakJak1

posted on Jan 05, 09 09:34AM

I would wait for a pullback for sure, but I think the company is well positioned for rising oil prices. Production to start in 2009 from North Sea, and they have the financing in place. I hope the 40s are a thing of the past.

At the same time, it's a little disheartening to think that OILEXCO could file for bankruptcy in the UK division, but it appears that AEN and Sterling look well positioned. It's all about securing financing these days and cash in the bank. Both companies have it.

GLTA

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