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Strategies & Market Trends : Value Investing

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To: Grommit who wrote (21393)	8/2/2005 12:51:02 PM
From: Grommit	Read Replies (4) of 78572

OIL SANDS. Well on May 26 I moved most of my money into oil sands stocks. If you check the original post to this reply, I mentioned 40%, but it was almost 60%. > Deer Creek Energy Limited ("Deer Creek") announced today that it has entered into an agreement (the "Agreement") pursuant to which Total E&P Canada Ltd. ("Total"), a wholly owned direct subsidiary of Total S.A., will make an all-cash offer (the "Offer") to acquire all of the issued and outstanding common shares on a fully diluted basis (the "Shares") of Deer Creek by way of a take-over bid. Under the Offer, Total will acquire the Shares at a price of $25.00 per share, valuing the proposed transaction at approximately Cdn. $1.35 billion. The Offer represents a 45% premium to Deer Creek's shareholders based on the weighted average closing price of Deer Creek's common shares on the TSX for the 20 previous days ending July 29, 2005 and a 39% premium over Friday's closing price of $18.00... I think we are in for another nice price rise and interest in these companies increases. finance.yahoo.com I am not posting for congrats. I am posting because the best time to buy these companies was a few years ago, and the second best time is now. Their EPS estimates are still based on $45 oil. resourceinvestor.com globalpublicmedia.com regards, grommit

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