I just bought a good size block today. This is Canadian oil sands asset play. It's very very oversold here and could be a good trade or at the very least a compelling long-term energy asset play.
It ran to near $12 Canadien a few weeks ago on buyout rumours. Trading considerably lower at $8.87 Canadian right now. It has been written up by some Canadian research firms as having a value of at least $17-$24 Canadian in a buyout. There are "bidders" out there looking as a bidding war broke out for Deer Creek(another oils sands asset play)....DCE.to.
Deer Creek (DCE.t) was bought out recently by Total Oil(French)for $32 Canadien. A knowledgable poster on another board convinced me to buy that one at $12 Canadian.
I believe Bobwins has mentioned this one (PBEGF.PK/PBG.TO) too before.
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