Quick note regarding Metacomets post regarding cll's valuation vs. PBG and BQI.

For PBG, the bakken makes up about 55% of their SP, and PMG another 20+ percent. If THAI were to fail completely they would still be worth about ~38-40$ per share as was pointed out by Adam Zive form Desjardins a few months ago. I'd say at 25% premium for THAI is fair seeing as thai could (potentially... but so far, not so good) be a big game changer one day many years from now. (SAGD can only go so deep...).

As for BQI, if you've ever seen a land holdings map of Northern Alberta and Saskatchewan, you'd see that BQI has a ton of land holdings... comparable to Suncor and Syncrude combined. Not bad for a 1 billion price tag... If there is a future for oilsands in Sask, BQI is it. If you've ever looked at their drill results you'll see that a lot of their reserves are inferred, which is fine in their case because they just spray their land with cores trying to find oil in the area... and chances are that if there is some, there is a lot more. CLL must prove their reserves in order to identify high quality reservoirs for their pods. It is far behind CLL, and will take much more capital to develop. Makes for an interesting play in say 10 years when the big american companies turn to increase thier dwindling reserves and have a lot of cash to develop them.

I do not own BQI, but have a small holding in PBG (about 1/5th the size of my cll).

Sorry Metacomet if I was direct with you, I am not here to try to make others look bad, and hope I will be treated the same. I am here to discuss and learn, it's a two way street. My point 1,2 approach was for clarity's sake, not disrespect.

Solo