Oilsands Quest, Inc. (NASDAQOTH:OBQI)
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An exploration stage company, engaged in the exploration and development of natural resource properties in Canada.
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An exploration stage company, engaged in the exploration and development of natural resource properties in Canada.
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Oil sands stocks are speculative, granted, but what stocks aren't in this economic environment? Up is the only possible direction for oil as a commodity and oil sands as the long-term future. BQI's inventory is proven, and the cost to obtain it is high, of course; but as price of retail gas starts climbing toward $4, then $5, watch the urgency of oil sands precipitate, and the value of the company and its stock soar.
Heard on market watch that 35
Heard on market watch analyst predict 35% increase by years end.
With pending lawsuits, this company has been a scam since day one.