Oil Sands and Related Stocks Message Board

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Gold/Mining/Energy : Oil Sands and Related Stocks

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From: Drbob512	9/20/2007 2:43:51 PM
	Read Replies (3) of 25575

Switched from oilsands stocks to PMG.TO, in the past couple of weeks for technical and funamental reasons, and also yesterday and today due to the probability of higher royalties paid by Alberta oil companies. Sold off much of my PBG prior to yesterday and bought a lot of PMG. Don't get me wrong, I still think PBG is a great company and will eventually rise a lot, but just not now, imho. I don't like the risk of oilsands stocks right now due to the uncertainty of the royalties paid to Alberta. So this is my way to keep invested in oil stocks without the risk of Alberta. I guess I could buy into the North Sea or Russian or African oil plays but I like the Colombian stocks better right now, especially PMG. Looks like Albertan gov't might kill the goose that has been laying the golden eggs, hope not. drbob

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