OEL - (Otto) Multi based, Gambling Stock.

**shasta** · 14-10-2008, 01:39 PM

Originally Posted by bear

Shasta

Holding OEL but whats your thoughts on BCC - my current favourite and absolute steal

Bear

Bear

I have BCC on one of my O&G/CSG watchlists, but as it's in the USA i'm not so keen on it. (Plus it has debt!)

I've been in AMU, PSA, & TEX before & all seems to cop it more than most due to being in the USA, those damn GoM hurricanes don't help!

However BCC do have some nice gas assets & the period Nov 08 - Jan 09, will be the making of the company as several projects come into production.

I personally prefer TEX/O to BCC for a leveraged US based play.

OEL has great acreage in the Phillipines, & lots of gas in Turkey, which attracts much higher prices than the US.

I like it's portfolio of leads, with upcoming drilling (early 09) in Italy, & some farm out activity due in the Phillipines for some deep water drilling.

**shasta** · 14-10-2008, 01:57 PM

Originally Posted by shasta

Bear

I have BCC on one of my O&G/CSG watchlists, but as it's in the USA i'm not so keen on it. (Plus it has debt!)

I've been in AMU, PSA, & TEX before & all seems to cop it more than most due to being in the USA, those damn GoM hurricanes don't help!

However BCC do have some nice gas assets & the period Nov 08 - Jan 09, will be the making of the company as several projects come into production.

I personally prefer TEX/O to BCC for a leveraged US based play.

OEL has great acreage in the Phillipines, & lots of gas in Turkey, which attracts much higher prices than the US.

I like it's portfolio of leads, with upcoming drilling (early 09) in Italy, & some farm out activity due in the Phillipines for some deep water drilling.

OEL - Appendix

15m shares issued as part consideration for the buy back of the 5% royalty on the permits SC50, SC51 & SC55.

These are the deeper water permits, so issuing the shares at these depressed prices may well be a bargin!

http://www.stocknessmonster.com/news...E=ASX&N=424517

**bear** · 15-10-2008, 11:37 AM

Originally Posted by shasta

Bear

I have BCC on one of my O&G/CSG watchlists, but as it's in the USA i'm not so keen on it. (Plus it has debt!)

I've been in AMU, PSA, & TEX before & all seems to cop it more than most due to being in the USA, those damn GoM hurricanes don't help!

However BCC do have some nice gas assets & the period Nov 08 - Jan 09, will be the making of the company as several projects come into production.

I personally prefer TEX/O to BCC for a leveraged US based play.

OEL has great acreage in the Phillipines, & lots of gas in Turkey, which attracts much higher prices than the US.

I like it's portfolio of leads, with upcoming drilling (early 09) in Italy, & some farm out activity due in the Phillipines for some deep water drilling.

cheers Shasta

interesting comments re BCC - still very comfortable with them though

Nice little rise for OEL yesterday - may it continue on

Bear

**boxing_beaver** · 20-10-2008, 06:10 PM

confident sounding announcement IMO

are u back in Shasta?

**shasta** · 20-10-2008, 06:14 PM

Originally Posted by boxing_beaver

confident sounding announcement IMO

are u back in Shasta?

No not yet...

Had the markets been stable then i would have re-entered tomorrow.

I will wait for the markets to settle before i buy anything!

OEL is not technically behaving either, like most of my targets!

**Wysiwyg** · 20-10-2008, 06:45 PM

Absolutely phenomenal they can achieve 20000 bbls/d.

All oilers smashed mercilessly of late.Must be close to a good thing these two.

Not holding anything.

**AMR** · 21-10-2008, 11:44 PM

A bit of a curve ball question: How does the price discount they recieve for their sour crude change when the POO goes down?

**shasta** · 22-10-2008, 01:56 PM

Originally Posted by AMR

A bit of a curve ball question: How does the price discount they recieve for their sour crude change when the POO goes down?

The Galoc Production Company is meant to be selling the Galoc oil at a small discount to the Brent price (I believe the discount to be between $US2 - $5).

**shasta** · 22-10-2008, 10:34 PM

Originally Posted by shasta

The Galoc Production Company is meant to be selling the Galoc oil at a small discount to the Brent price (I believe the discount to be between $US2 - $5).

For all you Otto fans out there (& yes i'm one)

http://www.wise-owl.com/images/user/...BuyOct2008.pdf