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To: Seeker of Truth who wrote (39879)	10/21/2003 3:08:43 AM
From: Snowshoe	Read Replies (1) \| Respond to of 74559

It's widely believed(short hand for who knows?) that a big part of the oil sands will never be extracted from the ground because it will take 500 barrels of oil to get 500 barrels of oil from there. Malcom, Those folks really need more patience. Eventually plate tectonics and deposition will sub-duct the oil sands to a much deeper level, where tremendous heat and pressure will transmogrify the viscous goo into clear light sweet crude, embedded in a matrix of easy-to-drill sandstone. All they have to do is wait 500 million years or so! -Snow

To: Seeker of Truth who wrote (39879)	10/21/2003 6:39:02 AM
From: TobagoJack	Respond to of 74559

Hello Malcolm, <<worry about your Canadian Oil Sands Trust. One reason is …>> I wasn’t worried, but I am now, and this is precisely the value of SI threads, where we can post our moves, be challenged, contemplate, be scared, reverse course, or, not. I agree that all of your concerns are worthy of reflective contemplation, and that COS may indeed not be a LTBH. However, I must also ask myself, ‘suppose Malcolm is right about everything regarding COS, does that mean COS stop paying its 5% dividend and will not double in capital value based on its call option on oil sand reserve revalued however as OPEC and Russia dance the devil’s dance to the tunes of the Greensputin/BurnAndKaput band. No, of course not, because the long term can only be arrived at via many consecutive short terms, meaning there will be much opportunity for the energy famished crowds to fever their imaginations and bid up my sands:0) But you know all this, being a veteran of the Softbank Wars, and just need a reminder every-so-often :0) BTW, just to illustrate that a good story will often see a wonderful audience before turning out to be ugly, our previously precious Softbank quote.yahoo.co.jp has doubled since I got scared (I was admittedly a classic weak hand that had previous run-in with the stock) back on July 13th: Message 19088787 <<July 7th, 2003>> Message 19091621 <<July 8th, 2003>> Message 19106796 <<July 13th, 2003… at a 15% loss over a 6-day period>> Chugs, Jay