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Gold/Mining/Energy : Oil Sands and Related Stocks

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To: james flannigan who wrote (15546)3/22/2007 4:22:02 PM
From: insitusands  Read Replies (1) of 25575
 
Agreed again James. I might add that PBG is most likely to carry the "franchise" tag in such a scenario. That being said, if one believes in peak oil then all of these sand companies are very cheap, perhaps stupidly so. The market is too focused on rising costs while being complacent about depletion and the lack of new discoveries. If crude can turn higher here I believe that it will be a very long time, if ever, before the recent $51.00 low is revisited. Higher oil sand costs would then soon be forgotten by investors and cash rich/supply challenged big oil companies looking for large, secure crude oil assets.
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