there's a lot of people out there that believe these oil microcaps are fake (i.e. MXC supposedly has only 2 employees) and that they are highly overvalued and all should be dropping down soon.
contrary there are a lot of people believing that these stocks are going to continue to skyrocket next week along with oil prices.
my opinion? MXC, FPP, PDO all sound too risky for me put some serious dough in them. my play for next week? i'm going all in on SYNM. I'm hoping to get in the low $2.20's and hope it goes to $3.00 asap.
SYNM is a legit company with real employees. They are in a partnership with Tyson foods, another legit company with real employess.
I think all micro oil will be hot for the remainder of 2008 (look at the last time we ran 05-06). My favorite in the group though is BSIC as it is the most undervalued IMO... http://finance.yahoo.com/q?s=BSIC.OB