2026 TeoTwawKi ... 2032 Darkest Interregnum Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum

GLD 386.01

+1.6%

Nov 12 4:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

From: energyplay	11/15/2006 12:38:04 PM
	Read Replies (1) of 217734

Oil Sand play - in TEXAS ? TXCO I have been buying this stock the past two days. Has some speculation in the price, but the rest of the company is doing well, increasing production of oil and gas. At todays prices, (under 15) you get a growing oil and gas company plus a nearly free lottery ticket on the multi-billion bbls oil sand play. TXCO is a small oil company in Texas, about 450 million market cap. They have some good things going, the usual Barnett Shale plays, a deep gas project Encana, and a big land position in the Maverick Basin with their own 3D seismic. An additonal wild card - or lottery ticket -is their oil sands play in TEXAS, only about 150 miles from multiple refineries able to handle heavy oil - like the stuff we are no longer getting from Venezuela, and that Mexico will have less to sell as Cantarell declines. They are partnered 50:50 with a Canadian firm with oil sands experience. Maybe 7+ Billion barreles in the oil sands. Conoco showed 50% recovery in 1970s. So maybe 1.7 Billion recoverable for TXCO. Figure a transaction value of $ 1.00 a bbl. for oil sands - I need to check the latest prices that Shell paid - that would add 1.7 Billion to TXCOs market cap, about 4x. They have a website at www.txco.com Oil Sands on page 12, 13 of txco.com Listen to the webcast - see the presentations page under Investor Realtions at their home page.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next