As I wrote on June 3rd, Oilsands Quest (BQI) has now broken out. I'm not an extreme technician and not looking for any kudos, but I am happy for the recognition this powerhouse has finally achieved.

You see, the world clearly needs oil and the companies that are doing their part to solve the problem should be richly rewarded for their efforts. Oil is not water and when it is burned it is gone forever. That's a fact any smart investor can take as truth. What can't be taken as truth until confirmed are terms like speculation and Peak Oil. Plain and simple, oil burns, it's finite, and get used to it!

I'd like to keep this simple and effective. First, I am very long  Oilsands Quest (BQI). Second, I've patiently built my position in the largest oilsands exploration company in Sask and possibly the world. Third, I'm due and so are several smart investors who have been building their positions for the last two years.

So what's the catch? No catch, just an undervalued peak oil play with over 40% institutional ownership. Oh, and many rounds of financing. But is that really unheard of for an exploration play? No!

There is something large brewing at (BQI) Oilsands Quest. Possibly 10+ billion barrels large.

Over the last month I have witnessed uncanny manipulation/accumulation and have been ridden with angst in regards to the fruition of my investment. Well the fruit is blooming and it looks to be a beauty. Patience yet again is rewarded.