TSXV:WEE.H - Post by User
Post by
BJARNEYon Feb 09, 2006 3:35pm
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Post# 10339359
TECHNOLOGY
TECHNOLOGYLike others here, I bought fairly high, and am now a hurtin' Albertan. But when I thought about selling and running, I remembered why I bought this stock in the first place. I have a background in the oil and gas industry and am painfully aware of how much oil is left in the ground when producing wells are abandoned. A rough guess on oil recovered from old abandoned zones is only about 20-40%. That means there is still a tremendous amount of oil that has already been discovered, just waiting for technology like this to recover it!
The recent dip in stock prices is disturbing, but come hell or high water, I expect to hold this for minimum 5 years.
Good luck
Bjarney