THE INVESTOR'S GUIDE TO WARRANTS:
Capitalize on the Fastest Growing Sector of the
Stock Market, Second Edition (Hardcover)
by Andrew McHattie Rating: ISBN-10: 027303751X
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Warrant Symbol - OIL.WT
Number Trading - 7,922,350
Expiration Date - Dec. 22, 2005
Cusip - 677909 11 1
Warrants called to trade news:
Oilexco warrants to begin
trading Jan. 21
2004-01-20 20:24 ET - Warrants
Called to Trade
Effective at the opening Wednesday,
Jan. 21, 2004, the 7,922,350
warrants issued
pursuant to the company's prospectus
offering dated Dec. 5, 2003, will
commence
trading on the TSX Venture Exchange.
The company is classified as an oil
and gas
extraction company.
Corporate jurisdiction: Alberta
Capitalization: 7,922,350 warrants
with no par value of which 7,922,350
warrants
are issued and outstanding
Transfer agent: Computershare Trust
Co. of Canada
Trading symbol: OIL.WT
Cusip No.: 677909 11 1
The warrants were issued pursuant to
the company's prospectus offering
dated
Dec. 5, 2003. Each warrant will
entitle the holder to purchase one
common shares
at a price of $1.65 per share and
will expire on Dec. 22, 2005.
- Expiration Date: The last day the warrants can be exercised. If warrants aren't going to be exercised then they must be sold the day before the expiry date. The longer the time to expiry the more valuable the warrants.
- Leverage: A measure of how much you can increase your exposure to a share if you bought warrants instead of making a direct investment. It is the current share price divided by the current price of the warrant.
- Intrinsic Value: The difference between the exercise price and the actual trading price of the common stock. Once the common has gone over the exercise price, the warrants are "In the Money."
- Volatility: The higher the volatility rating, the higher the price of the warrant. Historical volatility is calculated by using the standard deviation of an underlying stock price over a specific period.
- Time Value: The difference between the current warrant price and its intrinsic value. Interpreted as the consideration paid for the advantage the warrant buyer has over the direct investor.
