OTCPK:SPOWF - Post by User
Comment by
Wuggyon Apr 13, 2006 12:42am
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Post# 10673366
RE: SOIGF oil reserves
RE: SOIGF oil reserves I haven't seen any reason to change my previous assessment:
"The website (stratoil dot com) says that they don't know if they'll ever see one barrel! IMO, the more realistic explanation is that they're waiting for a buyer to flip their lease. I don't see how shareholder value is measurable under the present circumstances."
People are grabbing shares in the off chance that this might turn out to be the Next Big Thing, but if it was the Next Big Thing, don't you think bigger hands would have punched some test holes ages ago?
I'll stick with the core oilsands and Saskatchewan plays for now, unless the bomb dumping starts again in the ME.