NYSE:IVAN.WS - Post by User
Comment by
timmuggson Jun 05, 2006 2:32pm
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Post# 10947744
RE: What about SUF and WSCE?
RE: What about SUF and WSCE?Thanks for the info.
I have money in SUF, GNO and WSCE, looking at entering Ivanhoe now. I reckon I have to place bets on all of them, and maybe on NTAH (Nevada Untah Oil) also.
The attractiveness of WSCE to me is based on:
- Management is not nutzo, as is the case for SUF and maybe GNO.
- It can be deployed near the well and use bitumen, so even if it does not upgrade as well as some others, it can be used instead of diluent.
- The basis was developed by professors at U of Norway, who are reputable scientists in the oil field.
- WSCE also sells technology for monitoring NG well productivity remotely -- they capture data and send to a central site, rather than having people drive a pickup to a wellhead once a month. This may provide cash flow.
On the other hand:
- Management at SUF, GNO, IE are all waaay better at promoting their business.
Who knows. Looks like IE is dipping today, so maybe a buy is in order.