Sorry guys, I don't want to start an argument, but when your piston rings are sealing correctly, on a down stroke they will cause a suction. If the exhaust valve is open then the suction will pull air and/or oil down the guide. I am not narrow minded about this, so if anyone can refute this, then I am all ears.
Ok, I'll try to explain my point of view without causing any real arguments, hopefully
In theory it would suck oil through exhaust valve stem if the valve is open and the piston is going downward, but the exhaust valve is there to open a passage to exhaust gasses from the cylinder. So during normal operation the exhaust shouldn't open so that there is a suction in the cylinder. With overlap and other cam shaft features the exhaust will open while the piston is still going down ward but during that time there should be some overpressure on the cylinder. Otherwise you would be sucking exhaust from the exhaust pipes inside the cylinder which really isn't very good powerwise. The emission hippies invented an egr valve for that purpose.
Also to create any real suction inside the cylinder while the piston is traveling down and the exhaust valve is open, your exhaust needs to be pretty much clogged up. You are, after all, sucking exhaust gases through 3 inch pipe or so.