Oil Sands and Related Stocks Message Board

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Gold/Mining/Energy : Oil Sands and Related Stocks

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To: gparker940 who wrote (3125)	10/1/2005 1:01:51 AM
From: Taikun	Read Replies (1) of 25575

At the end of the day, the premise I apply to all the oil sands names also applies to CWPC: the oil is there. This isn;t a wildcat wells where you have budget for 3 and the last 2 were dry. This will have value at some point and I can't even ride the high horse with other names as they're all guilty over overruns and delays. This is a difficult business. *** CEO Richard George of SU on Kudlow today (up 1.77% in AH!), I felt when K asked "What do we need to do to ramp this up?"(1 or 2mbpd when the US consumes 21mbpd struck Kudlow as not enough.) George said we have capital and companies and that it would just take time, but I felt he should have said the oil is there, throw alot more money and projects at it, start doubling production every couple of years instead of every several, and move America faster to energy independence. As a viewer, I felt no sense of urgency, no realization of the money pit in Iraq with little extra oil to show, no confidence in what they have and how it is one fo the best solutions and could be so much more.

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