Replies to post #211 on Crude Oil Tar Sand Companies

[NYBob]

Alright Oilsands Quest it is JUST a matter of time
BY ARGEN:
On the other hand we have to be clear regarding BQI master plan.
They are on schedule trying to define the extraction method the bitumen is gonna be out of the ground.
We have to wait until that point.
When we get there a jv or buyout will take place.
(Maybe imo a pre-arrangement is signed) that is why the new members of the board, people from Suncor and Shell.
All this guys have excellent track record and it is not logical to assume they accept to be a part of a board of directors of a future "broken company".
They surely know it is gonna be ok.
They don´t need the money, they want the glory that´s why they are on the board.

So nothing new yesterday and that is not a bad news.
We are on schedule.
CH is on the board with 20MM shares, institutions are there with bunch of shares, we have no debt. so it is a matter of time.

I bet the institutions have been aware of this move (CH former CEO),
and they approved it with the board.
They are holding the shares.
You can see the weak volume the last 10 days.

I imagine the new members are connected with a closer JV or buyout.
As soon as they see the extraction method is viable, they will go.

Also what do you expect the company to announce:
that they are near to close a jv or a buyout?
That they have the extraction method defined?
We are gonna notice that when it is done, not before.

As far as I am concerned nothing change in the fundamentals.
The institutions are also there, CH is on the board, I like the management team and board members background.
I keep on holding and I will try to keep on buying on dips.

But that is not an advice, just my point of view

[NYBob]

Enbridge eyes oil sands gains as profit rises
CALGARY, Alberta (Reuters) -

Enbridge Inc is poised to take advantage of the quickening recovery in Canada's oil sands sector as more developers sign deals to move the tar-like crude on its oil pipeline network, the company's chief executive said on Wednesday. After reporting a 14 percent jump in fourth-quarter earnings, Enbridge CEO Pat Daniel said he is not surprised by the pickup in oil sands activity, which has accelerated in recent weeks as several companies have moved projects forward

[NYBob]

BQI still has their reservoir team in place

BANFI:
Their best reservoir presentations weren't presented by Chris Hopkins
or Murray Wilson; it was by these guys.

http://www.oilsandsquest.com/pdf/CIPC162TKRAUSERT.pdf

http://www.oilsandsquest.com/pdf/CIPC164GTIAN.pdf

[NYBob]

Liberty Analytics Co. Initiates Independent Research Coverage on Oilsands Quest Inc

Liberty Analytics Co. Initiates Independent Research Coverage on Oilsands Quest Inc.

CALGARY, Alberta, Feb. 4, 2010

(GLOBE NEWSWIRE) -- Liberty Analytics Co., a leading provider of large, small- and micro-cap independent investment research, today initiated coverage on Oilsands Quest Inc. (NYSE Amex:BQI).

Liberty Analytics is currently offering a complimentary trial subscription.
To view our research go to:
http://www.libertyanalyticsco.com

About LAC:

Liberty Analytics Co. is a leading provider of independent investment research in North America.
Our services include research analysis on the large, small- and micro-cap markets, real-time news and financial data, market commentary and the LAC newsletter.
Liberty Analytics’ staff of large and small-cap investment professionals is dedicated to providing the market's investment community with the tools and avenues necessary to make the important investment decisions. To view our research reports on a complimentary trial basis and take advantage of our other services, go to www.libertyanalyticsco.com and click on the complimentary trial subscription button on our home page, or go directly to our registration page at www.libertyanalyticsco.com/signup.php

About Oilsands Quest Inc. (NYSE Amex:BQI)

Oilsands Quest Inc.
(NYSE Amex:BQI) is exploring one of Canada's largest holdings
of contiguous oil sands permits and licenses,
located in Saskatchewan and Alberta, and is developing
Saskatchewan's first global-scale oil sands discovery.
It is leading the establishment of the province of
Saskatchewan's emerging oil sands industry.

LAC Disclosure:

Libertyanalyticsco.com is not a registered investment advisor and nothing contained in any materials should be construed as a recommendation to buy or sell any securities.
Liberty Analytics has not been compensated by any of the above-mentioned companies.
Please read our report and visit our Web site, www.libertyanalyticsco.com,
for complete risks and disclosures.

CONTACT:
Liberty Analytics
Kevin Mix 480-626-1850
[e-mail]

[NYBob]

BP pushing ahead with Canada oil sands project -
BP is pushing ahead with plans to expand its interests in Canada's
vast oil sands deposits
By Roland Gribben
Published: 8:05PM GMT 14 Feb 2010


An open cast mine near Fort McMurray, Alberta, Canada,
which is being used to extract oil from the Athabasca tar
sands fields Photo: PA

The oil giant is already under fire over its involvement in a $10bn (£6.4bn) project in Alberta but discussions now under way could provide the basis for a more ambitious programme to increase investment in the world's biggest oil sands territory.

BP is understood to be negotiating a $1.2bn deal to buy a majority stake in Value Creation, an over-stretched Canadian company struggling to reach an agreement with creditors before a deadline set for today (Monday).

Value has considerable attractions because it has one of the biggest holdings of oil sands leases covering around 430 square miles holdings but is saddled with debt.

BP refuses to comment on the deal speculation but Columba Yeung, the founder and chairman, has dropped heavy hints that BP is in the frame to complete an asset deal – although Reliance Industries, the Indian conglomerate, is said to have made a $2bn offer for the company. Mr Yeung founded the company in 1999 and has played a key role in developing technology to turn the heavy bitumen based sands into oil products.

Oil sands developments have attracted considerable controversy because surface mining makes them environmentally sensitive and costly. But with higher oil prices improving production economics and oil sands representing one of the industry's last frontiers Alberta is on course to be one of the world's top four oil producers by 2020.

BP is in partnership with Canada's Husky Energy for the $10bn Athabasca oil sands development with a project designed to produce 200,000 barrels a day, although is yet to receive the go-ahead.

Opponents of BP's expansion in Canada plan to voice their protests at the group's annual meeting in April. Co-operative Asset Management, the UNISON staff pension scheme, Rathbone Greenbank clients and the COIF Charities Investment Fund, operating under the umbrella of FairPensions, the investor group, have tabled a motion questioning whether the investment will be profitable and voicing concern about the impact on the environment and local communities.

BP has been canvassing support among investors and pointing out that its technology which involves liquefying the bitumen underground is less damaging.

Shell has bowed to protests to slow development in Canadian oil sands but Tony Hayward, BP's chief executive, believes the way BP will handle its projects will meet environmental objections and satisfy investors.

[NYBob]

Oilsands Quest updates corporate presentation
prnewswire

*
Companies:
o Oilsands Quest, Inc.

Press Release Source: Oilsands Quest Inc. On Thursday April 22, 2010, 7:55 am EDT

NYSE Amex: BQI

CALGARY, April 22 /PRNewswire-FirstCall/ - Oilsands Quest Inc. (NYSE AMEX:BQI) ("OQI" or "the Company") has updated its corporate presentation with details of its forthcoming Steam Assisted Gravity Drainage (SAGD) test.
The objective of the test is to demonstrate the steam containment properties of the glacial till overburden and scalability to commercial production using SAGD.
The test plan will use two 100 meter long horizontal well pairs, 5 meters below the top of the interface between the overburden and the oil sands with the existing facilities at Test Site 1 at the Company's Axe Lake discovery in Saskatchewan.

The presentation is available on the Company's website at

http://www.oilsandsquest.com/investor_information/presentations.html

http://www.oilsandsquest.com.

Cautionary statement about forward-looking statements

The description of the planned SAGD test in this news release are "forward-looking statements" within the meaning of the U.S. federal securities laws and are based on the opinions and estimates of management at the date the statements are made, and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those anticipated in the forward-looking statements, which include but are not limited to risks inherent in the oil sands industry, regulatory, financing and economic risks, and risks associated with the company's ability to implement its business plan. Many of these risks and uncertainties are beyond the control of the Company. The Company undertakes no obligation to update forward-looking statements if circumstances or management's estimates or opinions should change, except as required by law. The reader is cautioned not to place undue reliance on forward-looking statements.

About Oilsands Quest

Oilsands Quest Inc.
( http://www.oilsandsquest.com )
is developing Saskatchewan's first global-scale oil sands discovery at Axe Lake, while exploring one of Canada's largest holdings of contiguous oil sands permits and licenses, located in Saskatchewan and Alberta.
It is leading the establishment of the province of Saskatchewan's emerging oil sands industry.

[NYBob]

BQI IS ON FIRE! BUY AND HOLD :-)

China signs up to develop Saskatchewan energy assets

http://www.ctv.ca/generic/generated/static/business/article1574879.html

Andy Hoffman and Nathan VanderKlippe

Already wielding its economic might to become a major source of capital for Canada’s oil sands, China has struck a deal to help the province of Saskatchewan develop its burgeoning natural gas and crude OIL assets.

China National Petroleum Corp. (CNCP) signed a memorandum of understanding with the province of Saskatchewan in Beijing that will see the state-controlled company evaluate investments in natural gas, heavy oil and carbon capture projects.

Premier Brad Wall called the unexpected deal the highlight so far of a joint trade mission to Asia with the premiers of Alberta and British Columbia.
The three leaders are promoting a new economic partnership among the provinces in a trade mission that has visited Shanghai, Beijing and heads to Tokyo on Thursday.

“There is a real interest. Here is the fifth-largest oil company in the world signaling a very strong interest in the entire inventory of our hydrocarbon assets, save coal.
Oil and gas, and potentially the heavier oil of the oil sands [are of interest to China] … we are going to be very happy to work directly with them,” Mr. Wall said in an interview in Beijing.

China is filling an investment gap created by the economic downturn that has reduced capital availability in Europe and North America.
It is also emerging as an attractive partner for Canadian companies because of its technological prowess in extracting the heavy oil that makes up most of the crude reserves in Alberta and Saskatchewan.
Although China’s state-owned firms have moved cautiously in Canada, buying into joint ventures and minority positions rather than outright takeovers, their acquisitions have gathered steam following Ottawa’s efforts to open Canada to Asian investment.

Alberta has drawn most of the interest from Chinese firms so far, but Saskatchewan’s burgeoning light oil plays and substantial oil sands deposits have also attracted major investor interest.
The CNPC deal is another step in “an ongoing trend to look beyond the provincial boundaries of Alberta,” said Garth Wong, chief financial officer at Calgary-based Oilsands Quest Inc.

It also “confirms that there is continuing interest in the oil sands, and confirms that the Saskatchewan government itself is on the right track in trying to develop its resources,” he said.

Oilsands Quest

Oilsands Quest is one of two companies with a major stake in Saskatchewan’s oil sands which, while adjacent to those of Alberta and a multi-billion-barrel deposit.

“Saskatchewan, on the oil sands side, is one of those longer-term resource plays and it’s a way for [Chinese investors] to get in relatively cheap,” said Chris Bloomer, chief operating officer for heavy oil at Petrobank Energy and Resources Ltd., another company with major Saskatchewan oil sands holdings.

Industry has also welcomed China’s longer time horizon on investments, which Mr. Bloomer called “capital that has a little longer fuse to it.”

The agreement to potentially help Saskatchewan develop energy projects caps a flurry of deals in recent weeks that has seen China pledge billions of dollars for stakes in Canada’s oil and gas sector assets.

Last week, China Investment Corp. agreed to pay $817-million to take a 45-per-cent stake in an Alberta oil sands project owned by Penn West Energy Trust. The Chinese investment firm has also agreed to pay $435-million for a 5-per-cent interest in Penn West.

That transaction followed a blockbuster agreement in April that will see China's state-owned energy firm Sinopec pay $4.65-billion (U.S.) for a 9-per-cent stake in Syncrude Canada, the first major oil sands project in Alberta and one of the industry's top producers.

China has previously shown an interest in Saskatchewan’s energy resources, launching an unsuccessful bid in a recent land sale auction conducted by the province, Mr. Wall said.

“I think there is a real interest in [natural] gas … we have great potential,” he said.

Alberta premier Ed Stelmach also met with CNPC officials this week and discussed the potential for further Chinese investment in the province.

“We also are very interested in their technology, in enhanced oil recovery. They have recognized expertise in this area. It’s one of the reasons, I believe, they invested in Alberta,” Mr. Stelmach said in an interview this week.

B.C., Alberta and Saskatchewan account for over 90 per cent of Canada’s oil and gas production.
That has made those provinces, which recently formed an economic alliance dubbed the New West Partnership, a prime target for China, whose roaring economy has made it the world’s largest commodity buyer.