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Friday, July 26, 2013

Alberta Oilsands Inc Shares Explode Higher!

Buy things that are valued at the cash on their balance sheet and good things sometimes happen!

http://www.stockhouse.com/news/natural-resources/2013/07/26/alberta-oilsands-soars-77-after-cancelled-lease-ca

Chart forAlberta Oilsands, Inc. (AOS.V)

2 comments:

  1. Interesting that the stock is "only" up to about 14 cents a share -- the company says they've spent ~$51 million on Clearwater to date. With 211 million shares outstanding (that's from the company's press release on this), $51 million is worth 24 cents/share. Seems like there is more opportunity here if that's true, but I wonder whether the market is signaling an expectation that the Province of Alberta will haircut the $51M.

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  2. Congrats!

    Albeit, anyone invested before approx 1-year ago is not feeling so hot.

    Albeit, a lot of those who invested within the past year are insiders. Good sign.

    How did you get comfortable this net-net would actually become worth more?

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