RE: This Dog Will Not be Getting Upfrdm5t5...OK I'll bite who did you talk to...these knowledgeable investors and people in the oil sands industry???
I guess Nexen should have consulted them... before they went in 50/50 with this pump and dump scam...Doesn't say much for Nexen's intelligence in getting involved with this scheme... does it...guess they got talked into it to!!!
8 posts and 1 ignore already frdm5t5...I understand your history with OPTI and that could certainly colour your views...but getting that TD BANK consultant won't change OPTI's chances. They have cash enough to get the plant into production...that's clear.
The real issue is what will the price of oil be... that's the question...? If it gets to what some doomsday people are spewing $20.00 (even 40.00) then the world will suffer production destruction that will turn the lights out...for almost everyone. Oil sands will be shut down and not just OPTI!
Think about that for a moment ...the almost 2 -3 million barrels we now send south... stops. The Oil from Venezuela stops...no more offshore ...no gulf of Mexico oil. You think things are bad now... if that happens ...good luck to everyone.
The US dollar is finished when it finally hits the wall and starts back down (soon I hope) then oil and gold should once again have their day and ALL the oil producers including OPTI will be back.
If oil goes to 40.00 or 20.00 then it won't matter what oil stock you own.
Investing = risk... it can also equal reward. The TSX has about 250 more points to go then we should see it turn around. If you can wait you may get rewarded. And I own NXY, SU, OPTI, UUU, DML, and BMO
Cheers Waiting for your reply on who you talk to... it could help everyone here if you could provide a list?
Thanks in advance.