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Opinions Rick Rule
Western Oil Sands Inc.WTO.TOWEAK BUYMar 08, 2005
If you believe that oil prices are going higher or political problems affecting oil supplies from the middle east any stable Canadian supplier would be valuable.
WTO is at an earlier stage then Suncor or Canadian Oil sand so is more speculative, however they are using new technology which promises to be more efficent but hasn't stood the test of time.
Oil prices will probably go down before they go up.
Rick RuleOwned
$61.50
Stock price when the opinion was issued
oilgas
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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
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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.
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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
