Silicon Investor (SI) -- The First Internet Community

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 : Ride the Tiger with CD -- Ignore unavailable to you. Want to Upgrade?

To: Cogito Ergo Sum who wrote (26117)	2/28/2005 11:55:43 AM
From: Taikun	Read Replies (1) \| Respond to of 313536

Kastel, <It all depends on the Alberta sands I think> I can't think of a scenario where the oil sands don't fly. In a resource war they fly, in peak oil they fly, in a crashing USD the US comes knocking and they fly. I guess the only exception is a bird flu pandemic, but we're all fcuked then anyways. In the Spanish flu companies went broke because they would send out the bill (for electricity or gas) and not get paid. Why? There was noone on the other end. Then, there was noone in the company to send the bill. Etc etc. OK, but forgetting that I see very little downside for oil sands. It is my core portfolio. While I have a few offshore plays, they are just not as defensible as the oil sands. I recognize people have issues with the costs and Kyoto, but I see that as a positive. The companies cannot book the oil sands reserves so when you buy CNQ, for example, the price is based on a company sans about 6 billion barrels of oil. (I can just see the controller mumbling right now "Oh, and in addition, over here, we have this $4 billion dollar project, but we can't talk about it, mumble, mumble US SEC mumble grumble" CNQ: 6 bn bbl...free! CLL: est 600mm bbl est recoverable...free! PBG: est 300mm bbl est recoverable...free! If people still have issues, buy CLL or PBG and you get the oil sands free in addition to the S. American operation. Yes, I'm pounding the table here. This is the best deal in town!! They should be selling this stuff on QVC. D