Canuck Investor

Oilsands Quest: Looking to Breakout

I'm long too but there' no guarantee that the geology will be suitable for SAGD production and even if it is there's no infrastructure in the area so it will take years for production to come. But when you start looking at 5 or 10 years out the future could be pretty bright.

Oilsands Quest: What's in a Name?

This is a serious but long-term play. Some investors won't have the patience to see this through to production, revenue and profitability. But in 10 years I believe this firm will likely be quite valuable.

Oilsands Quest: The Rocket Has Left the Platform

There's no THAI testing going on in Saskatchewan. Petrobank was just awarded the concession. Nobody knows if the oilsands extends that far south in Saskatchewan. They can't test before they have discovered and then firmed up the resources in that area if they exist. You have to take a very long-term approach to oilsands in SK as there is very little infrastructure in place and Axe Lake is the only area where there has been significant exploration. But in the end it may be well worth the wait.