Oil Sands and Related Stocks Message Board

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Gold/Mining/Energy : Oil Sands and Related Stocks

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From: Taikun	9/1/2005 3:54:16 AM
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PD.TO (PDS-NYSE) may be trusting. This top Canadian driller and oil services company makes equipment used in the oil sands. They have developed some innnovative products that help improve the extraction of oil in the SAGD process. Jeffries has a US$54 target and Scotia a $44.50 target right now. I have bought some Sept $45 calls in case a conversion goes ahead. This is somewhat speculative, as I am expecting a revaluation (appreciation) if the trust conversion proceeds. Today PDS divested an operation that it is believed they thought wouldn't fit with their trust, and the news may come in Sept. if not I'll roll over the calls. yahoo.reuters.com Please continue to do your own DD.

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