OV
The Philodrill Corporation (OV) was incorporated on June 26, 1969 with
the primarypurpose of engaging in oil, gas and mineral exploration and
development. In 1989,realizing the need to balance the risk associated
with its petroleum activities, OVchanged its primary purpose to that of a
diversified holding company while retainingpetroleum and mineral
exploration and development as one of its secondary purposes.OV
maintains investments in petroleum exploration and production, financial
services,property development, mining and infrastructure development.
The Company's activepetroleum projects cover production and exploration
areas in offshore Palawan andSouth Sulu Sea and onshore Mindoro under
various Service Contracts (SC) andGeophysical Survey and Exploration
Contracts (GSEC) with the Philippine governmentthrough the Department of
Energy (DOE). In the financial services sector, OV is a 40%shareholder
of Penta Capital Investment Corporation, an investment house.
today we see OV closed at 039 . there are a lot of sellers but the support is still holding
recommendation: buy at .039
cutloss point: .037
tp .042-.045
