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EPS100Momentum (71.58)

Stay away from $OIL low floats $MXC $ROYL $PDO $BDCO $GBR

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February 28, 2011 – Comments (1) | RELATED TICKERS: MXC , ROYL , BDCO.PK

Stay away from $OIL low floats $MXC $ROYL $PDO $BDCO $GBR

1 Comments – Post Your Own

#1) On March 03, 2011 at 3:00 PM, cmstripling (66.59) wrote:

Their financials are a mess. They need to show they can spend less money than they bring in otherwise they're out of business in 6 months. Their volumes don't seem high enough for the recent boom in oil prices to significantly affect their bottom line either.

Understood why these e&p companies shot up when oil went up but this particular company, I wouldn't touch with a 10 foot pole, especially after a 100% gain in a matter of 36 hours.

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