Western Oil Sands Inc. (WTO.TO) Buy, Sell or…

Western Oil Sands Inc. (WTO.TO)

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BUY

They've put themselves up for sale. ($41 or $42) If your a trader go and buy some, it will disappear. They don't buy for takeover though.

COMMENT

Oil sands category, international money coming in. Not in control of their own destiny, so he likes Suncor better. In terms of a growth project, it's one of the best.

HOLD

Likes this company. Sooner or later, someone is going to want to take the company over, so stick with it. Doesn't see a lot of upside for the stock.

DON'T BUY

Not a favourite. For oil sands plays, he would rather own Canadian Oil Sands (COS.UN-T) or Suncor (SU-T). There is a lot of speculative buying hoping for a takeover.

BUY

Feels that tar sands stocks such as UTS (UTS-T), Canadian Oil Sands (COS.UN-T) and Western Oil Sands (WTO-T) will all do well. If we get to a $70 commodity prices, they will go back to all-time highs.

BUY

The short-term attraction is the expectation that it will be taken over.

BUY

If an international company wants to own oil that is geographically safe, there is not much to buy. Expect more takeovers in 2007. He prefers companies that are already producing such as Opti (OPC-T) and Western Oil Sands (WTO-T).

BUY

You want to be in an oil sands, especially in operating projects such as Western Oil Sands (WTO-T), Suncor (SU-T) or CNQ (CNQ-T). There are a lot that profess to have great potential, but are yet to be proven.

PAST TOP PICK

(A Past Top Pick Aug 8/06. Up 22.6%.) Expects to see more takeovers in the oil sands. Oils could potentially come back to new highs in 07.

WAIT

If you are an energy investor, you have to have some oil sands. This is a producer with great long-term assets. Had a good run, so wait for a mid-term weakness in the commodity price.

TOP PICK

Doesn’t think this one will be around in 2 years. A natural for a takeover.

DON'T BUY

Management acquired some assets in a high-risk area in the Mideast. There is now some concern on the management.

BUY

There are some issues such as water and cost overruns. The development of oil sands is not without its hurdles. If you’re patient, not a bad speculation.

TOP PICK

Thinks there’s consolidation going on in the sector. Long-lived assets in the ground. Will probably be gone in a couple of years with someone paying a big premium.

DON'T BUY

Trading at about 40% premium to net asset value, about twice what Suncor (SU-T) is trading at. Richly valued at this point. Investors are concerned about costs overruns they have been seeing.

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Western Oil Sands Inc. (WTO.TO)