Crude Oil Tar Sand Companies

[NYBob]

Article: BQI worth between $16 and $26 per share -

http://energy.seekingalpha.com/article/42011

"What makes the situation that much more interesting is
the fact that BQI management plans another resource
update around the September-October timeframe.
Especially notable is the fact that this update will
contain the opinion of a 3rd party oilsands assessor,
which will likely confirm management’s internal resource
estimate and the commerciality of its acreage.
That should open BQI’s management to the next step in its
plan for the company;
the establishing of a joint venture with a deep-pocketed,
Big Oil partner who would provide the bulk of the
financing for developing BQI's oilsands resource.

A sale of part of a project would immediately make
transparent the value of the bitumen on BQI’s property.
For example, if a Big Oil company came and bid $5 billion
for 60% of the company’s 7 billion of recoverable resource
(equaling an estimated 10 billion barrels of resource x 70%
recoverability), that would imply that the entire 7 billion
barrels is worth $8.33 billion.
On a fully-diluted per share basis (assuming 250 million
fully-diluted shares), that would imply that each share of
BQI is worth $33.33 (=$8.33 billion value / 250 million shares).
I would think that an explicit valuation of the company
would, at the least, cause the stock price to approach
that valuation relatively rapidly as do most similar
joint venture announcements. Of course, those are
just hypothetical numbers.

From the two most recent Seeking Alpha articles on
BQI’s valuation, “Oilsands Quest Inc.:
Undervalued Canadian Oilsands Play” and “Three More
Compelling Reasons To Like Oilsands Quest”, it appears
some investors believe the stock is worth between $18 and
$26 per share.
Using the mid-point of those two estimates, I arrive at
a valuation of $22 per share, or about 424% higher than
the current price of $4.20 per share."
by peak_oil_2007



Just buy and hold LT to win -
you have to be in it - to win it -
Bob

BQI Top 20 Institutional Shareholders Accumulating -

Institutional Shareholders Summary -

http://investing.businessweek.com/research/stocks/ownership/institutional.asp?symbol=BQI

Oilsands Quest BQI invest for the future -

five-fold increase in activity planned for tar sands -
http://video.google.com/videoplay?docid=7795287454054769328

http://video.google.com/videoplay?docid=7203734125996981491

BQI Black Gold -



You got to be in to win !

BQI P&F Bullish sh. price objectivies $11.69/sh -



Imo Tia.
God Bless America

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