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Yesterday i put out a blog suggesting buy (LSE:OEX) Oilex on fundermental reasons, Chris Oil calls it again, combined with excellent comments by guru chartist Zak Mir near term 5.5p. Todays daft price clearly shows Oilex is an outstanding buy around 4p for very near term news.
Oilex (LSE:OEX) is a very undervalued company on many fronts. However events happening at the Cambey Field in India regarding the oil & gas facilities plant is ahead of schedule to produce gas and condensate near term becoming cash flow positive from the operations in H2 2015 are very exciting.
Brokers forecast 7.5p target short term stating the company is on the cusp of delivering exceptional production growth from its Cambay basin assets. With 45.3m barrels of oil reserves plus 177m barrels contingent resources the path is clear.
Todays news highlights the situation from a trading view, fundermental veiw and charist view. One of the most interesting very short term buys on the markets today at these prices. Hold or buy for May production. Speculation has it that CEO Ron is in London appearing on a TV interview soon so stay tuned.
If your interested get signed up to advfn giving you access to excellent data & level 2 by registering below on Oilex.
Get listening to my ADVFN podcast interview with Justin Waite Thursday 30th March 2015 where i will mention Oilex, Xtract Resources and touch on Sefton Resources.
Until the next time more ramblings at the castle can be seen @chrisoil
Update June 2015 this is now a sell imo
http://www.chrisoil.blogspot.co.uk
