Oil & Gas Exploration & Production Co.'s Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Oil & Gas Exploration & Production Co.'s

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: jmhollen who wrote (8)	1/6/2003 9:05:54 PM
From: Ed Ajootian	of 112

Re: WTO -- A copy of my post on the BBR: Western Oil Sands (WTO.TO) -- Is anybody buying or following this one? They own a 20% interest in the Athabasca Oil Sands Project, which is being operated by Shell Canada, and just started bitumen production up in the tar sands in Alberta. WTO is very highly leveraged, which provides a good vehicle for appreciation if you believe, as I do, that oil prices are gonna gradually (if not quickly) increase as demand starts to overcome supply, and especially considering the multiple geopolitical wildcards we have going at this point. This company is sitting on 1.8 billion bbls. of oil that it can "make" from the bitumen in the tar sands, yet its market cap is only C$1.2 Billion and it has about C$0.8 Billion in debt. What especially intrigues me about this company is how its big brothers have done that have been in similar projects previously, Suncor Energy (SU) and Imperial Oil Ltd. (IMO). Take a look at their comparative 5 year charts: finance.yahoo.com. Not an investment that's gonna make you rich overnight but I haven't found too many other O&G companies being able to generate 6-year stock price CAGR's of 32%, which is what SU has done from '95 to '01 (per a Herold Report). Today there was an explosion at the new mine: biz.yahoo.com Is this something I should be concerned about? The stock dipped a bit but I actually bought a little more at C$25. Interested in any thoughts. I know its a hassle (for U.S. folks) having to buy a TSE stock, but my thought is they will probably list on the NYSE as soon as they start actually producing oil (which, at least before this explosion, was just a month or two away).

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next