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Post# of 76351
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Sunday, 06/22/2008 9:12:43 AM

Sunday, June 22, 2008 9:12:43 AM

Post# of 76351
CPST: Dipped to $3.90, then popped into the close $4.18.

Cramer push a few days ago.

http://www.cnbc.com/id/15840232?play=1&video=772716167&__source=yahoo%7Cheadline%7Cquote%7Cvideo%7C&par=yahoo
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BQI....Cramer again, way over bought now but he can move markets
l had this my watch list only from $4 did not buy.


Speculation Friday
For "Speculation Friday," Cramer featured Oil Sands Quest (BQI - Cramer's Take - Stockpickr) as a real estate play on the ever-increasing quest for more oil. Oil Sands Quest currently controls over 500,000 acres land in Saskatchewan, Canada -- perfect for oil sands drilling and could be sitting on up to 10 billion barrels of bitumen, or dirty oil.

Cramer explained that while bitumen is harder to refine than light sweet crude, with oil well over $40 a barrel, the economics of oil sands now makes sense. But even if Oil Sands Quests doesn't find oil at all, Cramer values the company as a real estate play.

Cramer compared Oil Sands Quest to Ivanhoe Energy (IVAN - Cramer's Take - Stockpickr), which recently purchased leases in Canada at a value of $2.8 million per square acre. Applying that number to Oil Sands' 1,200 square miles of land, Cramer said the company could be valued at $3.4 billion, or more than 3 times its current enterprise value.

Cramer did caution viewers that Oil Sands Quest is speculative. The company has no revenue and has been issuing a slew of stock offerings which has been dilutive to its outstanding shares. He cautioned viewers that with Oil Sands Quest trading at just over $6, they must use caution when buying the speculative name and not pay up for the shares.

text from another poster.

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