If oil stays above $50 a barrel and production ramps up as indicated, watch this stock start flying. I think the downside risk is still there so we must keep a close eye on this stock but if volume and price start to climb, this may indicate that word of production getting up there is spreading and this can go up very quickly if that is the case. Has anyone checked into licensing of patented technology to other oil sand plays? This could be a risk free way of getting huge cash flow if this is proven by them hitting their production numbers. The savings are supposed to be in the magnitude of $10 a barrel with this techonology. If they license this to someone else, does anyone have an idea of what royalty they could get?
Cheers all and yes holidays with Michey Mouse have been great, thanks for asking Don!!
Glorieux