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

To: insitusands who wrote (13318)	11/1/2006 9:17:04 AM
From: WalterWhite	Read Replies (1) \| Respond to of 25575

Insitu - it may be an interesting day and or month until the new legislation is passed. At least Flaherty was smart enough to bundle this change with pension splitting. The opposition could easily have created a stink over trusts alone as most people have no clue. The mob doesn't get it, nor should they have to. PBG is a great story, and i have been long from the $8-10 range. It is 8% of my Canadian portfolio, and 3% of my global equity holdings. That said, i would sell it tomorrow for a 25% premium because: 1) we all have opportunities elsewhere in other stories 2) one in the hand is better than 2 in the bush 3) execution risk (for all sands projects) is huge 4) i have never met management and can only rate them on hearsay and past performance; and 5) i have no crystal ball wrt the price of oil Besides, if acquired that doesn't rule out our opportunity to profit from some or part of the Petrobank story does it? Indeed, the upside could be far greater with the right partner/acquirer correct? I welcome a liquidity event that makes me money and gives me new investment options. Best Globe