Stockchase Opinions

John Clarke Western Oil Sands Inc. WTO-T BUY Aug 05, 2004

Likes the oil sands for the long term. Good management.
$33.110

Stock price when the opinion was issued

oil gas
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BUY
Could be an acquisition target going forward.
HOLD
Marathon Oil (MRO-N) is looking to acquire this company. Not sure if there will be any further bids, but she is holding her stocks.
COMMENT
Prefers UTS Energy (UTS-T). Possibility of a takeover by Marathon (MRO-N).
PAST TOP PICK
(A Top Pick Aug 8/06. Up 41.6%.) Subject of a takeover right now and he doesn't expect another bid. Sold his holdings.
BUY
Marathon Oil (MRO-N) has made an offer to acquire. Part of the deal was for them to spin off their Kurdistan assets. Stock has been trading at a premium to the offer that could mean the market thinks a higher bid is coming or if the market is ascribing more value to the Kurdistan asset than originally thought. He feels it is the latter. Be surprised to see a competing offer come in.
COMMENT
Marathon Oil (MRO-N) has made an offer for this company. Strong likelihood that there will be another bidder.
HOLD
Because of the royalty issues in Alberta, this would be a hold until it is know what is going to happen.
HOLD
Being acquired by Marathon (MRO-N). Being in oil sands play is one of the more important things in this country. Key, long life assets.
COMMENT
Being acquired by Marathon (MRO-N). If you are looking to buy for long-term capitalization, don't do it.
TOP PICK
Being acquired by Marathon (MRO-N). He is buying it for the sum of the parts of the valuation. Basically what you are getting with the Marathon take out is cash and about 33% of stock. You also get a junior international exploreco, Western Zagros in Kurdistan, where there are significant light oil deposits. Market is not fully valuing this company.