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Strategies & Market Trends : Ride the Tiger with CD -- Ignore unavailable to you. Want to Upgrade?

To: TheBusDriver who wrote (26238)	3/2/2005 2:08:56 PM
From: Taikun	Read Replies (1) \| Respond to of 312300

PBG.TO is another one. At 3.50 including conventional CDN ops, LatAm ops, Whitesands (60%WI, 28000 acres) and owner of the THAI technology (not SAGD, burns oil in place, recovery rate is 70-80% vs 40-50% with traditional SAGD according to the company) I called IR, they will spin out LatAm ops in May. Haywood Secs in Feb O4 said those Columian assets worth 2.18/shr. So, for 1.32, you get oil sands+oil sands technology+conventional CDN prodn+CBM. It probably won't be a home run like UTS but 30-50% should be possible. DCE.TO, for an oil sands play in progress, is also good value.