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  • toonawish toonawish Oct 25, 2012 12:15 AM Flag


    As I stated before; for years now, OGXPY has been spending tons of cash on EXPLORATION (seismograph & wildcatting) & they have proven reserves which they will be bringing to market over the next 10 years (in addition to loads of proprietary seismic data which they will use to obtain quality leases to exploit.)

    Since you can't just let the oil gush into the sea in order to sell it; you need PRODUCTION infrastructure like pipelines, fixed platforms or FPSO's (Brasil & West Africa use a lot of FPSO's.)

    They have stated it is there intention to transform the company from exploration to production (read: less capex on exploration & more on production infrastructure.)

    You're obviously one of those clueless individuals who believes that the price at the pump will go down a few days after Glen Beck announces they'll be drilling on the North Slope (it takes 5 to 10 years from the 1st day they spud in.)

    I'll hold my position & if you would be so kind as to short this with some serious volume; I'll load the boat & average down (then you can take your short term fractional gains & I'll take my multi bagger in another 5 to 10 years...)


    Sentiment: Strong Buy

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