What the New Interest in Saskatchewan Oil Sands Means For Oilsands Quest [View article]
with an estimated 6.6 billion barrels at even a reduced $100/barrel divided by roughly 227million shares outstanding makes your $18-22 extremely conservative. my guess was double yours, and with this news of asian interest over nearby land puts the value at who-knows-where. my only concern is that BQI does not sell out for less than what they are worth in both land and oil commodities, and allow some big oil bully to dictate to them what they will or won't get. 6.6 billion barrels should assure them that they are in the driver's seat, and that there are plenty of big oil players out there that can help with the refining and distribution process that would want a piece of that action. Position: LONG Bought at $3.68
What the New Interest in Saskatchewan Oil Sands Means For Oilsands Quest [View article]
my only concern is that BQI does not sell out for less than what they are worth in both land and oil commodities, and allow some big oil bully to dictate to them what they will or won't get.
6.6 billion barrels should assure them that they are in the driver's seat, and that there are plenty of big oil players out there that can help with the refining and distribution process that would want a piece of that action.
Position: LONG Bought at $3.68