Petro-Canada (PCZ)

[NYBob]

Top Pick at Tycoon Reports -

At the bottom of the post you will find a link to the article. Go down 3/4 page.

Strong Buy Recommendation

Oil Sands Quest (AMEX: BQI) $4.35

12-Month target $12.00

This stock is an oil sands play, that's poised to more than double within 12 months and more than triple within 24 months. Oilsands Quest has projects in the oil and gas industry in Western Canada with an emphasis on oil sands and oil shale exploration. Oilsands Quest currently owns the largest single continuous piece of oil sands
(aka. "tar sands") land holdings anywhere in the world. While they also own oil sands exploration permits in eastern Alberta, Canada, Oilsands Quest is the originator of Saskatchewan's emerging oil sands industry.

Exploration for commercially viable oil sands deposits has traditionally focused on Alberta Canada, the province west of Saskatchawan. But it's in the untapped province of Saskatchewan where Oilsands Quest has had highly successful oil sands exploration results (specifically the northwest region). By applying its technical expertise to develop multiple global-scale discoveries, they are aggressively exploring their 700,000+ acres of contiguous oil sands. The company's Saskatchewan oil sands permits (100% owned) now total over 500,000 acres.

Based on strong exploration indications, after drilling only 5% of their massive land holdings, Oilsands Quest believes they're are already currently sitting at more than 10 billion barrels. They estimate that'll likely increase significantly over the next 12 months.

Their main project right now is their Axe Lake Discovery in northwest Saskatchewan, a world-class bitumen resource. Just in Axe Lake alone, they estimate sitting on 2.5 billion barrels, 1.5 of which is already classified
as discovered after only 2 years of drillings. Independent labs will examine all drilling data and producing a report sometime this fall. The results are very likely to support what management is claiming (a barrel count of an estimated 1.5 bil barrels.)

Oilsands Quest has been accelerating their activities at its Axe Lake Discovery in preparation for their field pilot program in the first half of 2008. Oilsands' planned field test of the reservoir is intended to evaluate reservoir response to varying pressures and temperatures.

They restructured the company with awesome new management team in August 2006. Before joining Oilsands Quest, the President & CEO, Christopher H. Hopkins lead the exploration team Synenco Energy that found 2.2 billion barrels in Alberta. He and his team are proven oil sands finders. He brought that same management to Oilsands Quest to work on their discovery efforts.

As they continue drilling programs through the winter in Saskatchewan as well as Alberta where they estimate to have 4-5 billion barrels, I think probable discoveries will likely move the stock closer to $8.00.

ABOUT OIL SANDS INDUSTRY

Oils sands (aka, tar sands) are a mixture of sand or clay, water, and extremely heavy crude oil. Conventional crude oil is easily extracted from the ground but tar sand deposits must be strip-mined or made to flow into producing wells using steam and/or solvents. These processes use a great deal of water and require large amounts of energy, so there's a higher cost in producing oil from Tar sands. But costs of producing oil from tar sands are going down due to technology, and the price of oil is high, making tar sands a highly profitable venture.

The world's largest deposits occur in Canada, a politically friendly country. This volume places Canadian proven oil reserves second in the world behind those of Saudi Arabia. Alberta, Canada is capable of being a major player on the world oil market for the rest of this century. (Oilsands Quest's land holdings are strategically located in Alberta and just over the Alberta/Saskatchewan boarder.) The Alberta Energy Utilities Board (AEUB) estimates there are 1.6 trillion barrels of bitumen resource in place in Alberta.

Realizing the Potential of Canada's Oil Sands Resources

North America's energy needs are increasingly being met by Canada's oil sands. Canada is now the largest single supplier of oil and refined products to the United States. By 2020, the oil sands are expected to provide 80% of Canada's oil production.

Oil Sands Quest At A Glance

BQI

AMEX:

by Christopher Rowe

Oilsands Quest

Oilsands Quest

Christopher Rowe

T H E T YC O O N R E P O R T

Current Price: $4.90

52Wk High: 5.51s

52Wk Low: 2.37

Avg Vol: 2.54M

Earnings: 2007 (-0.50) est. 2007 (-0.06)

Share Statistics

Shares Outstanding6:186.47M

Float:181.05M

% Held by Insiders4:4.18%

% Held by Institutions4:22.00%

Market Cap (intraday)6:7917.44M

Balance Sheet

Total Cash (mrq):53.36M

Total Cash Per Share (mrq):0.286

Total Debt (mrq):0

Total Debt/Equity (mrq):N/A

Current Ratio (mrq):6.478

Book Value Per Share (mrq):2.355

Cash Flow Statement

Operating Cash Flow (ttm):-37.41M

Levered Free Cash Flow (ttm):-90.33M


http://top5stocks.blogspot.com/2007/11/top-12-stocks-for-2008.html