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Opinions John Stephenson
Western Oil Sands Inc.WTO.TOBUY ON WEAKNESSMar 30, 2005
The drop may be a reasonable buying opportunity. Doesn't expect oil prices and values to fall significantly more. For short term, would wait a bit, but long term holds, this is a good entry level. One of the premier names. Prefers Suncor (SU-T).
John StephensonUnknown
$53.31
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
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
