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Gold/Mining/Energy : Oil Sands and Related Stocks -- Ignore unavailable to you. Want to Upgrade?


To: gparker940 who wrote (3125)9/30/2005 10:59:03 PM
From: Mac  Read Replies (2) | Respond to of 25575
 
I think part of CWPC's success is that it shows up on the US exchange and there are more traders down there, therefore attracting more volume & the US likes to run their stories up the ying yang. The Canadian listed stocks are not subject to the same immediate audience. Have a look at the sustained market caps of some of the tech favorites in the US. Out of this world. This same type of valuation mentality could be maintained just because of the US listing.



To: gparker940 who wrote (3125)10/1/2005 1:01:51 AM
From: Taikun  Read Replies (1) | Respond to of 25575
 
At the end of the day, the premise I apply to all the oil sands names also applies to CWPC: the oil is there. This isn;t a wildcat wells where you have budget for 3 and the last 2 were dry. This will have value at some point and I can't even ride the high horse with other names as they're all guilty over overruns and delays. This is a difficult business.

***

CEO Richard George of SU on Kudlow today (up 1.77% in AH!), I felt when K asked "What do we need to do to ramp this up?"(1 or 2mbpd when the US consumes 21mbpd struck Kudlow as not enough.) George said we have capital and companies and that it would just take time, but I felt he should have said the oil is there, throw alot more money and projects at it, start doubling production every couple of years instead of every several, and move America faster to energy independence.

As a viewer, I felt no sense of urgency, no realization of the money pit in Iraq with little extra oil to show, no confidence in what they have and how it is one fo the best solutions and could be so much more.