fuel dumping from the turbo

[j1mmy]

i bought a 94 1/2 f350 with 140k miles today. it is blowing fuel out of the downpipe/turbo clamp.i have real hard starts and the oil level is about 2 inches high on the dipstick.. i figure the only way to get fuel to the turbo is if it loads up the cylinder and blows through the exhaust.. what is causing all this fuel leaking..
my buddy that is a professional (auto) mechanic says the engine dropped a valve and that is why all the raw fuel is being blown, i don't think he really knows too much about a powerstroke engine. im thinking/hoping the injector is loose or needs 0-rings..my diesel knowledge is limited to several days of internet surfing and driving semis.i am very mechanically inclined,worked as a bike tech for 13 years,but diesel wrenching is new to me...what does this problem sound like? injectors leaking, bad exhaust valves, something else??
any help would be appreciated.. i did a search on this topic,didnt find much..i hope some one can help

[Nashotah7]

Sounds like some leaking injectors to me......growing oil usually means leaking injectors, and yours sound way bad. Never seen or heard of the fuel getting all the way to the turbo before. Hope your not still driving it.

[j1mmy]

no im not driving it,the fuel going all over would be too dangerous. the guy i got the truck from yesterday told me a turbo shop told him he needed a new turbo.the truck came with a replacement that i was going to put on and be good to go.the replacement turbo was the wrong one and the original is like new.. so now i am kind of lost. i don't think it is a bad exhaust valve, my buddy means well but he cant admit he is stumped.i think he wants me to get rid of the truck because he is jealous..im blowing a lot of fuel... i am going to pull the valve covers to get a look at the injectors,and do a compression test just to rule out the valve problems..im working on a little-no$ budget