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Gold/Mining/Energy : Oil Sands and Related Stocks

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To: Taikun who wrote (11983)8/22/2006 8:14:33 PM
From: was Michelangelo7  Read Replies (1) of 25575
 
OT - Since you mentioned a comparison to FO-X in your post, I'll just point out that although FO's market cap is larger, FO's interest is 100% of a similarly sized (if not larger when the HTHP area is included) resource property. A reserve report is in the works and should be out soon. Sprott funds are large holders of FO as well -- that's how I first heard of them.

They have drilled 3 wells due to be fractured and flow tested starting in September, possibly producing by year end. More wells are in progress. They just completed a $150,000,000 equity issue, the second this year, so the price is still depressed (as usual with financings), so this may be a buying op. I've added recently close to the issue price.

Disclosure: This is now my 3rd largest holding (after PBG and OIL) and I may be a little biased, so do your own DD.

Happy investing.

m7
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