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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Paul Senior who wrote (31596)	7/24/2008 3:26:37 PM
From: E_K_S	Read Replies (1) \| Respond to of 78666

ERF also has $500 million in capital from the sale of their oil sands interest earlier this year. I expect them to use all or part of these proceeds to buy more drilling interest in the U.S.. It would not surprise me to see them put this money to work in their Bakken shale project that they have been developing since 2006. These U.S. investments would not be subject to the higher Canadian royalty fees that begin in 2012. I am looking to add to my position on any news that the company does indeed deploy these funds in their U.S. subsidiary ventures. EKS