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Posted: Wednesday Jul 11 4:57:21PM 2007
Im glad I have a small position in AOS. Im curious about PBG. I believe that AOS, once their resources is fully valuated they should have almost as much resource as PBG. That said, Im interested in how PBG can go to 100 in 2 years. please advise and as usual thanks!
Posted: Thursday Jun 21 2:20:05PM 2007
dquinton, why did you choose EXEL? Just curious. And, do you know who Bounty is? How did they manage to lock up so much OS land?
Posted: Tuesday Jun 5 9:45:27AM 2007
It has been a good day to average my position lower so I took another small position at 1.50.
Posted: Wednesday May 30 6:41:41AM 2007
Someone dumped PFM.v .40 at the open. I bought more at 1.79. I think it will bounce back over $2. This is a chance to buy PFM if you missed before. Currently 1.85. Bobwins
Posted: Wednesday May 23 3:26:54PM 2007
jamesbond..... PFM is a tough one for me to recommend. They have not drilled their land yet so their reserve ballpark estimate of over a billion barrels of bitumen could be WAY OFF! We should get a better idea this winter after their 2007 drill program results are posted.
That said, their land is close to PBG and STP, who have both drilled and found good thick reservoirs of bitumen.
IF they do have over a billion barrels of bitumen, they are still way undervalued. Even a billion barrels at a buck/barrel means a huge increase in market cap is coming.
That billion barrel estimate was not recoverable oil but gross oil in place. SAGD recovery is 25-70%. THAI is experimental but may lead to higher recoveries at less cost.
I think PFM.v is going to follow STP and PBG up in value. STP is the closest comparison and is about 6-12months ahead of PFM. STP has about 1/2 the gross acreage so could end up valued at less than PFM.
Longwinded answer. There are risks. STP.v is probably a little less risky due to the fact that their report on their initial drilling program is due next month.
I think that all the tar sands stocks are going to go up. Every time another country like Venezuela raises taxes or confiscates property, Canadian tar sands look better.
I would probably invest in PFM.v first because it is cheapest, with the least number of shares. Next I still love Petrobank. They have sky high p/e ratios but also sky high potential. Columbia is wide open and growing fast. Canada is going to double production by 12/07 and THAI could be a monster.
Good luck. I am holding Pbg, STP and PFM for the long haul. Bobwins.
Posted: Wednesday May 23 8:03:59AM 2007
Im trying to establis an entry point into PFM - do you think 1.55 is a good start. Please advise
Posted: Friday May 18 11:36:34AM 2007
FTR: Accumulated 700K and have not sold any.
Posted: Friday May 18 9:04:14AM 2007
Prospector.....I guess my reply is similar. You have your opinion, which you have every right to, and I have 61,000 shares of PFM.v. We can check back in a year and see which one is worth more. Bobwins
Posted: Friday May 18 8:55:52AM 2007
Speaking of all of the hype surrounding the tar sands - does anyone follow Excelsior (EXEL)? This is a company I picked up about 3 months ago in a private placement at $0.30. The company recently reported 19.2 million barrels of probable reserves to its working interest share. The stock has increased to $1.25 and remains strong. The valuations on these companies amaze me as the sector seems to have grabbed the spotlight recently.
Posted: Thursday May 17 10:06:32AM 2007
1 billion X 50% recovery=500 million barrels divided by PFM.v diluted share count of 41 million = $12.19
+.44 to C$1.53
Has twice the acreage of STP.v. May be worth picking some up in this range. Bobwins
Posted: Friday May 11 11:03:55AM 2007
Wow!!! PFM.v +.29 to C$1.23 Nice pop on 1.36 million shares traded.
Posted: Friday May 11 9:21:34AM 2007
PFM.v +.08 to C$1.02 on decent volume of 924K
Tar Sands Plays have been great!
Stp.v even at 2.55
Pbg.to +.21 at C$24.18
Posted: Wednesday May 9 7:59:24AM 2007
Not sure what part of my last post Tara did not understand. I did say in the next six months, likely somewhere on the front end of that.
This PFM story is just beginning. These junior oil sand companies are great asset plays.
discl: longer than before.
Posted: Monday Apr 16 2:43:16PM 2007
I like CLL. I missed buying it orginally because I thought the capex to build out a tar sands projects would be beyond them. Wrong! Then I missed again when they spun off their Petroleifa sub. Who wudda thunk they could hit so much oil is so short a time!!!!
Now CLL is about to become a 10,000bpd producer from their tar sands project. Their stock has been recoverying. I like CLL better.
Posted: Monday Apr 16 9:14:39AM 2007
Bobwins what do you think of UTS or CLL as tarsands plays?
Posted: Thursday Mar 29 6:04:10AM 2007
PFM.v Tar Sands?
Platform proposes name change to Alberta Oil Sands Inc. and announces significant acquisition of oil sands lands
CALGARY, Mar 26, 2007 (Canada NewsWire via COMTEX News Network) --
/NOT FOR DISSEMINATION IN THE UNITED STATES OF AMERICA/
Platform Resources Inc. (TSXV: PFM) announces that it will propose a name change to "Alberta Oil Sands Inc." at its Annual General Meeting to be held in May 2007. The company will focus on the exploitation and production of an in-situ Athabasca oil sands project.
The company also announces that it has accumulated, over a period of time, a 100% working interest in 23 sections (14,720 acres) of contiguous oil sands rights southwest of Ft. McMurray. Aggregate consideration paid for the lands was approximately $3.0 million.
The prospective oil sand zone on these lands is the McMurray formation, a sandstone layer deposited in an estuarine channel environment. The region has multiple large SAGD (steam assisted gravity drainage) projects in various stages of development, including production and is in close proximity to existing services and infrastructure.
Further details will be disclosed in future announcements.
Posted: Monday Jan 29 8:59:53AM 2007
Posted: Friday Jan 26 3:53:36PM 2007
If the image is already hosted online somewhere, you could include it using this sample HTML code (and changing the link to your desired target):
Posted: Friday Jan 26 1:42:54PM 2007
Fixed those non-breaking lines in the first post on this thread. Removed some extra formatting that was getting in the way.
Posted: Friday Jan 26 10:18:53AM 2007
Something weird going on with this thread - there are no line breaks, so I have to scroll way across from left to right to read which makes it difficult to follow. All the other threads in the forum are fine, just this one has a bug in it.
Posted: Friday Jan 26 9:14:49AM 2007
To me the guidance is likely for the calender year 2007.