Patience...grasshopper.... You've done the homework, now just wait for the grades!
I prefer Petrobank South because it's producing conventionally as well as from the tar sands but details,details!
Why is it taking the market time??
1. TXCO has been losing money. Compare that to many long time producers who are selling for low p/e's.
2. They sold production, they are developing two new major contributors to revs that aren't established yet.
3. They have substantial ngas and now bitumen, which will both lead to lower netbacks than all oil companies.
4. American investors aren't familiar with heavy oil/bitumen producers. They know Suncor but will come to realize what TXCO holds over time. "They're slow but they're dumb!"
Bobwins
Please post stock symbols first in all your posts. If it's a foreign stock, please list the US pk equivalent symbol.
If the Commodities Boom is Over, I am just a Gold Bug headed for the Windshield of LIFE