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Opinions David Burrows
Western Oil Sands Inc.WTO.TOHOLDApr 12, 2005
Q: What signs do you look for to see when the correction in the energy sector is over? A: The Canadian oil sands is a strategic investment that every Canadian should have. Would wait for the oil stocks to start outperforming the move in the price of oil. Look for it to trade above a previous high.
David BurrowsOwned
$56.90
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.
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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
