UTS energy is trading at 2.84~! They have made a deal in northern alberta with petrocan to develop a property twice the size of miami. They predict 3 billion barrels of oil and the chinese are going nuts over it. You do the math in short term we could see 70 dollars a barrel thats 210 billion.. But lets be realistic not after costs.... UTS gets 40% of the property while petrocan putting up the billion dollars get 60%. This is gonna be the next suncore or Encanna just near fort mcmurray Alberta. A pipeline from here to prince rupert british columbia will be sent out to china.. This thing is gonna explode once the drilling starts.. and the word hasnt broken out yet. So do some DD and check it out!
Posted by zoltan on :