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Opinions David Burrows
Western Oil Sands Inc.WTO.TOTOP PICKFeb 15, 2005
Oils are now getting into a riskier period. It is in a sweet spot where oils stocks are trending higher and stocks are really making some gains. You have to have an exit strategy. The Tar Sands are strategic assets and there will probably be some acquisitions made. This has been one of the best performing stocks.
David BurrowsOwned
$50.25
Stock price when the opinion was issued
oilgas
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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.
Adam ThomasOwned
oilgas
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.
oilgas
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.
Veronika HirschOwned
oilgas
HOLD
