Tuesday, July 01, 2008
Oil Sands Quest(BQI), has been gaining ground as the high price of oil is leading to costlier ways of extracting oil. With $100 a barrel oil looking cheap these days, I see no reason why BQI won't continue to show promise, as I've stated earlier. Right now, they have started the initial drilling of two projects in Northern Saskatchewan in Canada and has bought rights to more propery. Top talent has been added to management and operations. Time will tell how things pan out, but BQI has moved between a low around $2 and a high today near $7 in the last year. Keep an eye out.