longoil

Investors Jostle over the Oil Sands Prize

In regards to HTE, there is several scenarios that can play out.

1) Approval of shareholders and Canadian government, HTE share price will not go above $10.

2) Non-Approval of either current shareholders or Canadian government, HTE share price will tank to $3 or $4 as KNOC is forced to unload its holdings.

3) Another Asian oil company enters the competition and bids HTE to $15 or $20.

I would say that scenario #1 is the most likely at 60%, scenario #2 is possible at 30% and scenario #2 is the least likley at 10%.

Investors Jostle over the Oil Sands Prize

Jimbo,

I agree 100% with you. There many sides to the oil sands developments.

1) They provide secure oil to the USA from neighbors who don't use the proceeds to fund terrorism against the USA and its allies.

2) There are many environmental concerns with the oil sands no doubt. But companies like Syncrude and Suncor have made great strides. The have increased the recycling rate of water used to the point where only 3 barrels or water are needed (instead of the previous 10 barrels) to produce 1 barrel of oil

3) Suncor has developed technology where the reclamation rate of mined oil sands land has decreased from decades to weeks.

www.montrealgazette.co...

4) Oil sands provides countless well paying jobs to people from Eastern Canada that have a experienced high unemployment rate.

Investors Jostle over the Oil Sands Prize

KNOC has stated they will try acquire another oil sands property in teh near future but obviously would not state which one.

Judging the stock price jumps today of PWE and BTE (9% and 0.65% respectively), many investors seem to be betting that PWE will be the next target.