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Gold/Mining/Energy : Oil Sands and Related Stocks
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To: Metacomet who wrote (2287)9/6/2005 10:23:40 PM
From: Taikun  Read Replies (1) of 25575
 
CWPC-I would like to take a long term position but I cannot figure that one out. I have contacted the company but no decent expplanation. CWPC spent millions in 2001-2003 drilling and even had a production plan. Now they're raising more funds but buying leases in AB and letting Sask leases exprire. Their webiste, however, calls the Sask leases 'world class oil sands' and compares them to operations at Syncrude and Suncor. I cannot get a good answer as to why those leases are allowed to lapse and nothing has been done with the (apparently positive) drill results of 2002. Moreover, the Stockhouse BB has no answer, just people who call you names and tell you you're shorter. Not one person can answer my questions.

CLL, approx $4 is just for the oil sands piece, approx $5 is including Argentina and Canadian conventional.
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