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

To: Mac who wrote (14894)	2/2/2007 12:09:23 PM
From: whodat	Read Replies (2) \| Respond to of 25575

Looks like PBG is trying to reach its 52 week high today.

To: Mac who wrote (14894)	2/4/2007 2:33:12 PM
From: Metacomet	Read Replies (4) \| Respond to of 25575

Mac The comparative market caps of PBG vs CLL are 1.4 billion vs 726 million. As I try to understand why the market places these values on these companies, I am sorta at a loss. Comparing their 3rd quarter reports: PBG reported net income of 5.2 million to CLLs 6.8 million PBG operates their Canadian Business Unit, which is very comparable to CLL's Luke acquisition. In the 3rd qtr, the CBU produced 2,519 boe/d/e, CLL produced 3,256 boe/d/e. PBG has an 80.7% interest in a Columbian subsidiary that provided a 2,420 boe/d increment to the company total of 4,939 boe/d CLL has a 27% interest in PDP, which is producing in excess of 11,000 boe/d, so these are roughly equal. PBG has an 84% interest in the Whitesands Insitu Ltd, subsidiary, whose major asset is 40,000 acres of McMurray channel oil sands property. CLL has a 100% interest in 90,000 acres of McMurray channel oil sands property. I think it is fair to say that drilling to date, by both companies, suggests that the OOIP on both properties, on a per acre basis, is approximately equal. CLL has a 10,000 bpd refinery in Great Falls Montana. PBG is developing a revolutionary process to retrieve in situ oil sands deposits, which promises to partially upgrade the resource while delivering incrementally more yield at a reduced cost. Is the market valuing this last, still speculative, item at such a premium as to offset the clear advantages that CLL has in property, South American potential and the refinery, to provide twice the market cap?