NOVEMBER 21, 2008 (Dow 8046, up 494) - Would lighten up next week if the rally continues. Stocks will continue to be sold simply because as an asset class they are easiest to sell to meet obligations, like redemptions. Would not short the coals down here.
unprofitable energy develpment co controls 500,000 acres of land in the Saskatchewan oil sands - high oil prices now make production feasible - co could be sitting on 10B barrels of oil sand - there are no current revenues but expect a joint production venture to be announced later this year that would be a catalyst for the stock - stock could be worth 16 on its real estate alone if valued at recent sales prices in the neighboring Alberta Oil Sands field (see 8 conservatively) - speculative - use limited orders & buy in small increments
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