FYI BQI $4.36
(Bakken oil shale companies mentioned in the readers' comments: CLR BEXP WLL and NOG may also be interesting long term investments)
Oilsands Quest: Canadian Black Gold
by: QualityStocks posted on: May 28, 2008 | about stocks: BQI
Incorporated in Colorado, U.S.A. and headquartered in Calgary, Alberta, Oilsands Quest, Inc. (BQI) is an explorer and developer of oil sands projects. The company has oil sands permits in the Canadian provinces of Alberta and Saskatchewan. Their goal is to build shareholder value for the long-term through the development of these oil sands.
Oilsands Quest, Inc. trades on the American Stock Exchange [AMEX] as part of the Nonmetallic Mineral Mining sector. The company’s main operating subsidiaries are Oilsands Quest Sask. Inc., Township Petroleum Corporation, and Oilsands Quest Technologies Inc. They wholly own and operate their resource rights. Since 2004, the company has raised US$258 million in capital.
Oilsands Quest, Inc. is planning for production at its first major discovery, Axe Lake in northwest Saskatchewan. This project is in position for a joint venture partnership. Along with the planning, field-testing is also underway on this Axe Lake Discovery project. The company acquired permits for oil sands exploration in this area of the province in 2004, and is leading the way in the first major oil sands exploration program in Saskatchewan’s history.
The company seeks to explore and quantify other global-scale discoveries on their properties in Alberta and Saskatchewan. They also seek to negotiate agreements with selected partners to develop individual projects while still maintaining a significant interest in each one. In January of this year, the company initiated exploratory drilling on contiguous Alberta permits. This same month saw two oil sands exploration permits acquired in the province as well.
Oilsands Quest, Inc. strives to move forward as a leading developer of Saskatchewan’s oil sands industry. They hope potential shareholders will join them in their sandbox as they look to develop new sources of oil. They believe that this black gold is certainly a valuable Canadian version of it for their shareholders.
This article has 2 comments:
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Gintaras
May 28 03:58 AM
That is the reason I buy BQI in my personal account on large dips systematically for the sake of my retirement anf the future of children benefit. I systematically beat the S&P Index by a wide margin. Yet I have just established a positon in CLR, BEXP, WLL and NOG - all of them are the emerging drivers of the "Bakken oil shale" long play.
Good investing
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Tracy
May 28 11:22 AM
BQI has a strong, trustworthy, experieced management team. They have discovered the resources and are now experimenting with lab tests on the best recovery methods to extract it. A joint venture partner is expected this fall. Only 10% of their land has been explored. Management's conservative estimates are 10+ BILLION barrels of bituman. Test production on three wells will begin this fall. If you believe that most of the world's cheap oil has already been discovered, now is the time to own this stock.
