www.masspetroleum.com
www.pinksheets.com

On Oct 19, 2:06 pm, Yi <yiyee...@yahoo.com> wrote:

www.masspetroleum.com
www.pinksheets.com

On Oct 17, 4:50 pm, lee summers <lee.summer...@gmail.com> wrote:

It depends. In short, MRO is a well-run integrated with a track record
of good cash flow and dividend payouts.

If you believe that the current market is overbought and due for a
correction of some sort, MRO is a tad pricey. My cost basis is $24 and
I would buy more at $28-30 unless at that price we were in the midst
of a major meltdown.

If you believe that we're at some sort of inflection for a "melt-up"
in the market, then MRO could go to $40 in a hurry.

There's also the long-held speculation that MRO will split in two to
unlock value (doubtful in this environment) or a takeover target
(possible at some point) then getting in at $35 will probably serve
you well. Though takeover of MRO is a big maybe but many smart people
have said it will happen. Smart people can often be wrong tho.

On Oct 17, 2:50 pm, lee summers <lee.summer...@gmail.com> wrote:

Monday's Trade Signal > http://tinyurl.com/yja7b2m

Check out the Crude Oil Trader > http://tinyurl.com/pxvr4d

On Aug 12, 10:44 am, cowboyinvesterx10 <seeingthefut...@yahoo.com>
wrote:

On Aug 4, 2:54 pm, cowboyinvesterx10 <seeingthefut...@yahoo.com>
wrote:

Looking for advice: I just heard that LHPT might be acquired by a
Chinese oil company? Can a Chinese company own a US oil speculative
company?

On Jun 23, 9:54 am, CASPARGAVIN <casparga...@gmail.com> wrote:

On Mar 15, 7:21 am, sandp500analy...@hotmail.com wrote:

On Mar 15, 7:21 am, sandp500analy...@hotmail.com wrote:

http://justsunny.com/stocks/Future-of-oil-stocks.php

As one investment banker put it: “If you are a major, this is a once-
in-a-generation opportunity to build a huge position.”

Why now? Oil majors remain financially healthy even in today’s
depressed oil-price environment; they’ve been in the business long
enough to know that oil prices are cyclical and that the current
downturn won’t last; those that missed acquisition opportunities in
the past see the current downturn as a re-entry point at low prices;
they see access to new reserves globally as a challenge; they have
refineries in the United States that need feedstock; there are plenty
of buying opportunities that were not there when oil prices were
high.

Paris-based Total has been front-and-centre with this strategy. The
company made a hostile bid for UTS Energy Corp. that could ultimately
put it in the drivers’ seat of the cost-challenged Fort Hills oil
sands project.

If the UTS takeover, now in progress, is successful, giving it 20% of
the Petro-Canada run project, Total is expected to secure another 20%
by buying out Teck Cominco Ltd.’s 20%, and possibly get Petro-Canada
to hand over another piece, increasing its stake to at least 50%.
Industry sources say it wouldn’t be a stretch for Petro-Canada and
Total to split the integrated oil project into two, with Petro-Canada
developing the mine near Fort McMurray, and Total building the
upgrader near Edmonton.

Total seems to be confident no one will challenge its move on UTS.
The
bid and its Canadian oil sands plans were mentioned a surprising
number of times by Total in its analyst call last Thursday to discuss
fourth-quarter results.

“Heavy oils are an important component of our strategy,” Yves-Louis
Darricarrere, president of Total’s exploration and production
division, said in Paris. “So, we are grasping at opportunities
available to us to consolidate our portfolios while making
acquisitions at reasonable costs, as you know, Synenco (Energy Energy
Inc., another oil sands company acquired by Total) in 2008 and of
course the bid we made for UTS.”

If Total is successful, expect others to test the hostile takeover
route in a world where white knights are in short supply due to
liquidity constraints.

The other name to watch is BP. The company has appointed Anne
Drinkwater to run its Canadian operation, which has been quietly
elevated in the British major’s hierarchy to a ‘strategic’ unit. Ms.
Drinkwater, a former executive assistant to BP CEO Tony Hayward, a
role reserved for up and coming executives, started her new job in
Calgary in January. Ms. Drinkwater previously ran BP businesses in
Norway, Indonesia and Angola.

The new leader will have a broader role in Canada than her
predecessors, said BP spokesman Robert Wine from London.

“[Canada] has been a bit of a quiet corner of the BP empire and has
picked up,” with the Husky Energy Inc. oil sands joint venture and
its
links to BP’s refineries in the United States, and planning for the
Alaska gas pipeline, he said.

Industry sources say one of Ms. Drinkwater’s mandates is to build the
oil sands business, an area where BP has the smallest presence among
oil majors because of its late entry last year with the Husky
partnership.

While BP’s name has come up in connection with a possible move on
Suncor Energy Inc., whose value in the market has shrunk to a bargain
$23-billion, the British company is likely eyeing a large in-situ
position, which it sees as more environmentally palatable than mining
projects.

BP is slowing down its Husky joint venture to take advantage of lower
costs during the downturn. But the company has said repeatedly it
would like more oil sands. As Mr. Hayward put it: “The future is not
cancelled.”

Exxon Mobil Corp. is the other oil major that will have a greater
presence in the oil sands, a sector for which it had only passing
interest in the past.

For now, the world’s largest oil company is growing internally by
developing the Kearl mining project with its Canadian subsidiary,
Imperial Oil Ltd., while almost everyone else has put plans on hold.

Will Exxon Mobil make a large oil sands acquisition? It’s certainly
been talked about in connection with Suncor as well as Canadian Oil
Sands Trust, which has the largest interest in the Syncrude Canada
Ltd. joint venture. Already, Exxon Mobil is managing the project and
Imperial owns a 25% stake. Regardless, Exxon Mobil will be more
visible and more influential in Alberta, and the oil sands are
becoming even more of a global oil village.

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