MikeCooper

Why I'm Bullish on Small Caps Oilsands and Energy XXI

david,

I agree the author seems to be trying to damn BQI with praise. But do your own DD. BQI is an exploration company with leases on some very promising (confirmed in testing) properties. They are working to perfect their method for extracting the bitumen (the geology of the region precludes traditional SAGD methods). Management has stated they are not even trying to enter into a joint venture until this is done to ensure maximum leverage. So the lack of profits at this point is as much a strategic decision as anything else. With oil prices rising, and BQI sitting on such valuable assets, the interest is there.
A risky stock to be sure, but a far more intriguing bet than the author suggests. And that line about "pumped by stock promoters"? I have no idea who he's talking about unless he means the usual blog rats and Yahoo message boarders. Throwing a accusation like that out without naming sources is unethical.

On Oct 20 06:23 AM davidbdc wrote:

> No revenues nor profits? And the primary "good" part of the story
> is that its being "pumped" by stock promoters?
>
> No thanks on BQI