Entering text into the input field will update the search result below

Lost License Causes Big Run

Jul. 29, 2013 8:46 AM ETMQXDF
Please Note: Blog posts are not selected, edited or screened by Seeking Alpha editors.

I confess it. I am a big lover of small pennies because there is so much more action than in other stocks.

I picked

Alberta Oilsands AOSDF.PK AOS.V

a few days ago and it was a lucky punch! I picked it because the company has great assets but the devaluation of the exploration companies beat them down to the "cash-in-the-bank-value" of 7 Million Dollars.

Then I noticed, that insiders started to buy and so I did. Look here for the Insider Dealings: bullve.st/27y

Last week I heard a rumor about that the government will be going to cancel some licenses around the town Fort MacMurray to give the community room to grow. And Yes, it happened.

What is normally a bad thing for companies like Alberta Oilsands turned out as a good thing because the company is extremely undervalued.

It seems the government of Alberta has to compensate all expenses of the Clearwater project - roughly 53 Millions., This will lift the cash position to 60 Millions - 28 Cents/share.

Alberta Oilsands was heavy trading at the 14 Cent range on Friday (+30 Millions of shares).

My expectations are clear. The stock will continue trading very heavy but will close up to the foreseeable cash position of 28 Cents per share step by step.

From my point of view a cash dividend is possible and would be wise.

I see no possible pullback scenario here.

Disclosure: I am long AOSDF.PK.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

Recommended For You

To ensure this doesn’t happen in the future, please enable Javascript and cookies in your browser.
Is this happening to you frequently? Please report it on our feedback forum.
If you have an ad-blocker enabled you may be blocked from proceeding. Please disable your ad-blocker and refresh.