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Arctec

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Arctec

Re: None

Friday, 06/15/2007 9:59:40 AM

Friday, June 15, 2007 9:59:40 AM

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Total talk lifting oil sands target


Friday, June 15, 2007

Investors are snapping up shares of Western Oil Sands Inc. Friday after published reports in France linked Total SA, Europe’s No. 3 oil company, as gearing up for a possible run at the Syncrude oil sands partner.
The stock is trading at $37.51 on the TSX, up $2.01 or 5.6 per cent, giving the company a market value of $6-billion.
The jump isn’t all that surprising because Western Oil put itself on the block last February, when the stock was hanging around $30.

Arc.

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