Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Rocket Red who wrote (23534)	2/22/2009 6:26:09 PM
From: daveinmarinca	Read Replies (1) \| Respond to of 25575

Hmmm.....Wen Jiabao has a bunch of dollars and he's locking up future oil supplies from Venezuela, Brazil, Russia, Saudi Arabia while the USA has been silent....until Obama met with Harper last week and IMHO said, "We can do this thing" re oilsands. PBG's Wright met with Harper a couple of weeks back (Ottawa was a funding partner on the original pilot ic.gc.ca ). youngandsuccessful over on the PBG board has been tracking institutional buying the past couple of months....here's one of his findings: 2.11.09 WHY I KEEP TOUTING THESE GOLDMAN BUYS IS BECAUSE THEY HAVE NOW ACCUMULATED NET 750,000 SHARES AT AN AVERAGE OF $22.83 or $16.5M (IMHO Goldman funded the campaign) Reuters latest on PBG Institutional Holdings …..over 50 %....up from 46% a couple of months back reuters.com I’ve been thinking for some time that Canada and the US ought to do a “Manhattan Project” type thing with THAI/CAPRI to prime the Alberta Oilsands pump because Canada is about the only friend with oil we have left. The US just stiffed the Middle East producers for $2.5 trillion last year….whats the saying, “Fool me once, shame on you etc”. Spent an hour yesterday rereading all of rdesroch’s posts over on the BRY board for the past three months. 3.5M BPD OPEC cuts with only half having hit the markets yet and probably an additional 1M coming in a couple of weeks (it takes three months for an announced cut to hit the market and member country compliance has been almost 100%). I get the feeling that those supply cuts will never be coming back on the market except perhaps to offset non-OPEC decline. Oilwatch Monthly February 2009 Posted by Rembrandt 2/18/09 europe.theoildrum.com First curve looks like a classic double top to me…..over the last six months we’ve killed the investment in the incremental production we would need to just keep up with the global decline. So your thought, “Number 1 USA should put up 50 to 100 bil to get there oil supply secured from Canada. Government Uses that Money for companies moving forward in oil sands production as the companies wouldn't need dilution or could pay off there other debts and go forward”…..it sure makes a lot of sense to me. And maybe it makes a lot of sense to Goldman Sachs, too. They should know :<)

To: Rocket Red who wrote (23534)	2/22/2009 7:19:04 PM
From: kidl	Read Replies (1) \| Respond to of 25575

The real question is ... How do we go forward? Ignoring the environmental aspect won't get anyone anywhere no matter how "useless" this land may or may not be. SAGD can and must be be improved. THAI, if it proves out commercially, would go a long way. Canada / Alberta needs to stop complaining and take some proactive steps instead of being constantly on the defensive. It's a political and not an environmental issue. Those who do not want this additional resource at this time spend big money badmouthing it. Probably the very same people who would like to control it down the road. Why don't we as in Canada throw a few million at it to promote the benefits?