Even if Oilsands Quest had no oilsand, it doesn’t much matter - Well. I agree with you - Ex. Cramer looks at BQI as a real-estate trade. The company just has to fetch the same price for its Saskatchewan land that Ivanhoe Energy IVANHOE ENERGY INC IVAN
3.53 -0.20 -5.36% NASDAQ Quote | Chart | News | Profile [IVAN 3.53 -0.20 (-5.36%) ] recently shelled out for leases in the nearby Alberta sands to boost BQI stock 156%.
Now Cramer’s not saying BQI will jump that much. But it’s not outside the realm of possibility, he said. And even if BQI only gets 50% of what Ivanhoe paid, the stock still pops to $8.34 from its present level of $6.24.
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