Michael Fitzsimmons
Oil & gas, dividend investing, research analyst

Oryx Petroleum: The Addax Guys Look To Repeat Earlier Success In Kurdistan, Stock Poised To Pop

Oryx Petroleum (OTC:ORXPF) is a Canadian small-cap independent exploration, development, and production oil company. Oryx has no current production but does have an ambitious plan to increase production to 16,250 bbl/day by year-end. It will do so by exploiting a large oil discovery made in Iraqi Kurdistan. Two recent catalysts increase the odds that Oryx's production goal will become a reality. Combine that with a very supportive shareholder with previous success in Iraqi Kurdistan, and the shares now present a very favorable risk/reward opportunity. Oryx is likely to double by year end as its production plan comes to fruition. On an eventual buyout, shares could easily go out at 3-4x its current market cap just based on the...

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