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


To: Drbob512 who wrote (14983)2/5/2007 11:26:34 AM
From: Ken Ludwig  Read Replies (4) | Respond to of 25575
 
I just received word from Ameritrade that they converted my pre-split Watch resources to cash at .18. I am protesting this. I remember there were others in the same boat a while ago and would appreciate being pointed to the resulting posts, brokers and resolutions. Thanks. ken



To: Drbob512 who wrote (14983)2/5/2007 6:24:15 PM
From: Metacomet  Read Replies (1) | Respond to of 25575
 
"..but the technicals favor PBG

Maybe so.

But oftentimes in mo-mo plays, the technicals can run afoul of the fundamentals.

For instance, I hope you are comfortable with the value of THAI representing approximately $1 billion of the current PBG market cap of $1.4 billion.(Based on the comparison to CLL)

(PBGs major, bankable, asset is an 84% interest in the Whitesands Insitu Ltd, subsidiary, whose major asset is 40,000 acres of McMurray channel oil sands property, or an undivided interest in approx 33,600 acres.

CLL has a 100% interest in 90,000 acres of similar McMurray channel oil sands property, or about 2.6 times the land/reserve potential of PBG..)

That is too rich for my blood for what remains an unproven technology.