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Gold/Mining/Energy : Oil Sands and Related Stocks
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From: rolatzi1/24/2006 11:30:01 PM
  Read Replies (2) of 25575
 
I hate to rain on the parade but the action of a stock like CWPC (which I own at an average price of 2.00) is getting rather scary to me. Are we creating a stock bubble here in oil sands stocks and if so how long does it have to run before it comes back down? If the price of CL remains at the current price or increases yet some more, we will go into a world wide recession and the price of oil will drop. I don't think it will go down to $30 but it sure will take the fluff out of the speculative market even at $40 (which is a very good price for a producer, even from oil sands). I am looking for the story to reach page 1 (in the words of Don Coxe). Alberta oil sand was a featured story on 60 minutes last night. Does that qualify? Has CanWest (CWPC) made it to the nightly financial news. If Iran comes to an agreement with the European nations over uranium processing, the fear premium will rapidly come out of the price of oil. I am staying with my whole investment in CWPC for now because I expect it will get much visibility when it applies for and arrives on the AMEX. Also at a price over $5, there are many institutions who will consider adding it to their portfolio.

Your thoughts are welcomed. I can't read the Ragingbull CWPC board because it is overloaded with speculators thinking that they are on their way to being millionaires and retiring. Such stories can work out so easily. It has become the most active board on Ragingbull another sign of froth and it is trading 5-10% of its float daily.

Ciao,
Rolatzi
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