It is a higher priced stock.... but it has the right stuff......
Largest oil reserve in the WORLD... locked up in asands that need to be extracted. At todays oil prices, it is now economically feasible and justifiable to extract them.....
This is a longer term hold.... I am in at .49
Posted by FatherOfTwo on :
Here is the Pinksheet info....
CWPC -- CanWest Petroleum Corp. Com ($0.001)
Address: 475 Howe St. Suite 206 Vancouver, BC V6C 2B3 Canada
Officers: Thornton J. Donaldson, Pres.; William G. Timmins, Sec't.
Outstanding Shares: 35,143,101 as of 2004-12-15
Estimated Market Cap: Not Available
Current Capital Change:
Dividends:
Company Notes: Note=4-30-04 company is in the exploration stage Formerly=Uranium Power Corp. until 11-04
Posted by FatherOfTwo on :
Here is this morning's news.....
CanWest Petroleum Moves Forward with Extensive Drill Program at Firebag East Oil Sands Thursday March 17, 8:00 am ET - - - Company Announces Advancements in Program with Potential for Several Billion Barrels of Oil --
CALGARY, Alberta, March 17 /PRNewswire-FirstCall/ -- CanWest Petroleum (OTC Bulletin Board: CWPC - News), an oil and gas exploration and development company, announced today further details of its Firebag East Oil Sands Project in Alberta, Canada. The Firebag East Property is the largest land holding in the Athabasca Oil Sands Region, spanning 1,400,000 acres in 60 townships (2,187 square miles). The Athabasca Oil Sands Region contains the largest hydrocarbon resource in the world estimated at 1.5 trillion barrels of oil with 310 billion barrels of recoverable oil using today's technology.
Posted by trgamma2 on :
do you have level 2 on this? I am looking into this company
Posted by FatherOfTwo on :
From the picture, you see sho the neighbors are (Sunoco, Shell, etc.).... also, the closest neighbor will produce 100,000 bbl/day @ $50/bbl = $5million / day minus production expenses..... That is a lot of dough!!!!!
CanWest Petroleum Corporation is a unique oil and gas company with exposure to significant upside value from two large world-class projects with potential for several billion barrels oil resource while developing a sustainable production cash flow from traditional oil and gas development drilling.
Thornton Donaldson, President, noted "Our Company has strategically positioned itself as the controlling shareholder of Oilsands Quest Inc., a private Calgary based company that now holds the largest prospective land position in the Athabasca Tar Sands Region. Oilsands Quest Inc. is the operator and under the direction of its' president Christopher Hopkins is prepared for a major exploration program starting before the end of February 2005 with the potential to discover a world class oil resource of several billion barrels which is in keeping with the reserves to the west. This is truly a major achievement for an emerging-growth junior company such as ours"
Mr. Hopkins was a Senior Vice President of Synenco Energy Inc during its formative years which now plans to produce 100,000 barrels oil/day by 2009 with announced reserves of more than 1.5 billion barrels oil from its Northern Lights Project. Mr. Hopkins has extensive experience in all aspects of exploration and development of Athabasca Oil Sands projects. Karim Hirji, is Chief Financial Officer of Oil Sand Quest Inc. Mr. Hirji, who was also employed at Synenco in a similar capacity, has senior experience in reporting requirements, governance, and financing of oil sands projects.
Posted by FatherOfTwo on :
thanks man, im in at .49 as well
Posted by FatherOfTwo on :
it is up to .54 now.... and is starting a nice run!
Posted by FatherOfTwo on :
I am out.... at .54
Nice 10% profit to put into Q.... I am going to look to buy more... when I swing some other stocks!
Posted by Ramius on :
I'm in, I'll sit on this for a while.
Posted by trgamma2 on :
you back in FoT?
Posted by FatherOfTwo on :
Anyone look at this one lately?????
She closed at $2.54 today!!!!
I have 10K shares in a 401k portfolio that I have sitting there.... I checked my account at year end to measure performance and how sweet! I have flipped it a couple times in my day account, but I bought in at .39 over 1 year ago!
Posted by trgamma2 on :
Posted by FatherOfTwo on :
quote:Originally posted by trgamma2:
<- that is double cool!
Posted by trgamma2 on :
How are you feeling FoT?
I am still in at the .49 mark!
Posted by FatherOfTwo on :
quote:Originally posted by trgamma2: How are you feeling FoT?
I am still in at the .49 mark!
A few more days and I got myself a 10 bagger!
Posted by lilpennypincher on :
CRAP........I sold this a LOOOONG TIME AGO!
WOW! JEFF..........Insane! Super job calling this one!
Posted by bomber on :
i got in at 3.99 i hope i did not make a huge mistake
Posted by special ed on :
I'm in this one......make sure to pay homage to STAR GAZER for this great find! This baby's definitely staying in my ONG portfolio.
Posted by kilerb on :
quote:Originally posted by FatherOfTwo: I am out.... at .54
Nice 10% profit to put into Q.... I am going to look to buy more... when I swing some other stocks!
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