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

To: Metacomet who wrote (10717)	6/15/2006 8:16:47 AM
From: Condor	Read Replies (1) \| Respond to of 25575

I just cannot for the life of me see how CWPC can pull it off. They'll probably buy a drill co. or let a drill co. option in. :o)

To: Metacomet who wrote (10717)	6/15/2006 11:47:09 AM
From: candlestick98765	Read Replies (1) \| Respond to of 25575

It will take YEARS for CWPC to bring these sands to production -- (as it will take years and money to bring CLL fully on-line). I don't believe that anyone could seriously buy CWPC waiting for it to become a producer. It's not about that. It's about reserves. IF the they have them, if this property is real, then the next time global events (supply shock, geopolitical, etc.) cause a panic run on oil sand stocks, CWPC will get bought by a Shell or Exxon or someone, and it will probably be at 3 to 5 times current prices. Obviously, they're a long way from production. But why keep insisting that they don't have the 'goods'? And if they do, then this stock is hardly overpriced. jmho