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Opinions Bill Carrigan
Western Oil Sands Inc.WTO.TODON'T BUYJun 06, 2005
Feels there's a bit of a top being built in these things. You should look at the price of crude. Will there be a rally at the old high? Wait to see if the trend line breaks through the old high. Suspects that it won't because 1) interest rates may have gone too far too fast 2) the price of crude is looking a little bit suspicious.
$19.05
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
