OIL and BQI going higher

[chinaman711]

Alot of money going into BQI since Thursday, look at the volume. BQI is my favorite oil sands play and SU is 2nd and both should do well if oil continues higher. Big Money Moving to Oil Sands
By the tickerspy.com Staff
On 11:02 am EDT, Monday October 12, 2009
Buzz up! 1 Print
Companies:Oilsands Quest, Inc.Canadian Natural Resources LimitedChevron Corp.
Oil was up to start the week, sending more interest and investment to oil sands extraction.

Related Quotes
Symbol Price Change
BQI 1.45 +0.07

CNQ 72.31 -0.09

CVX 73.74 +0.07

MRO 32.64 -0.07

NOA 6.2400 -0.0399


{"s" : "bqi,cnq,cvx,mro,noa,ptr,rds-b,su","k" : "c10,l10,p20,t10","o" : "","j" : ""} Extracting oil from sands is an expensive process, and when crude futures tumbled during the recession, it was hardly economical. Now that the economy appears to be stabilizing, commodities are following suit, and oil sands stocks are back in focus.

Currently, the Oil Sands Stocks Index has four components. The large-cap plays, Suncor Energy (NYSE: SU - News) and Canadian Natural Resources (NYSE: CNQ - News) are both up by 9% or more in the last month. Meanwhile, small-caps Oilsands Quest (AMEX: BQI - News) and North American Energy Partners (NYSE: NOA - News) are mixed. The former has shot up by 42% for the period, while the latter fell by -9%.

Much of the sector's recent appeal is attributable to hype surrounding investments by some major oil players. In early September, we covered China's interest in oil sands, specifically a $2 billion acquisition by PetroChina (NYSE: PTR - News).

According to a New York Times report released Friday, the Canadian and Alberta governments are helping clean up another oil sands project owned by Royal Dutch Shell (NYSE: RDS-A - News, RDS-B - News), Marathon Oil (NYSE: MRO - News), and Chevron (NYSE: CVX - News).

As more components of the Big Oil and Gas Stocks Index take interest in oil sands, it will be interesting to see if they take interest in acquisition of the sector's smaller public players. Oilsands Quest could be easily swallowed by any of the largest oil companies, although any bets on a buyout would be pure speculation at this point.

As of this writing, the Oil Sands Stocks Index is one of the top-40 performing tickerspy Indexes over the last month, up by 9.5%.

Investors can track six different oil Indexes and view a suite of performance metrics at tickerspy.com.

[chinaman711]

Oil looking at $77 today, Picked up another oil sands company today TAMO. Like BQI they are sitting on alot of oil.

[chinaman711]

China investing in the oil sands--http://www.orwelltoday.com/chinaoilsandsdragon.shtml

[chinaman711]

Looks like we may see 80 dollar oil soon as it went right thru $77.

[cramerica1972]

and back into a recession

[chinaman711]

What do you mean back into a recession? Where have you been for the last 2 years. This is the worse i have seen in my 63 years, friends losing jobs and houses and the ones who are still working have taken pay cuts and benifit cuts. Employees being told after they recieve cuts well your lucky to still have a job. But don't worry as our govt. says things are getting better, yea right. Well at least we will have health care for everyone, yea right. If your a young healthy person pay the fine it will be alot cheaper. For now trade this market up and down.

[cramerica1972]

double dip recession is what i meant :(

[BentleyVTech]

Chinaman...what do you mean, "If you're young and healthy, pay the fine"...?

[chinaman711]

If the health care bill goes thru you will not have a choice, you either take the insurance or pay a fine for not having insurance. Spread the wealth ya right. Now if you are working for a good company and you have insurance they will let you keep it but who knows if companys will provide insurance anymore. I wouldn't would you.

[chinaman711]

StockPreacher.com Issues Trading Outlook for Oilsands Quest Inc.
Press Release
Source: StockPreacher
On 6:50 am EDT, Thursday October 15, 2009
Buzz up! 0 Print
Companies:Oilsands Quest, Inc.Canadian Natural Resources LimitedChevron Corp.

DALLAS, Oct. 15, 2009 (GLOBE NEWSWIRE) -- StockPreacher.com announces an investment report featuring Oilsands Quest Inc. (NYSE Amex:BQI). The report includes financial and investment analysis, analyst consensus, and pertinent industry information you need to know to make an educated investment decision.


Related Quotes
Symbol Price Change
BQI 1.28 0.00


{"s" : "bqi,cnq,cvx,mro,su","k" : "c10,l10,p20,t10","o" : "","j" : ""}
The investment report on Oilsands Quest Inc. (NYSE Amex:BQI) should be of particular interest to comparable companies Suncor Energy Inc. (NYSE:SU - News), Canadian Natural Resource Ltd. (NYSE:CNQ - News), Marathon Oil Corp. (NYSE:MRO - News) and Chevron Corp. (NYSE:CVX - News).



The full report is available at: http://www.stockpreacher.com/n/BQI

[chinaman711]

Skymark Research Initiates Independent Research Coverage On Oilsands Quest Inc.
Press Release
Source: Skymark Research
On 9:00 am EDT, Tuesday October 20, 2009
Buzz up! 1 Print
Companies:Oilsands Quest, Inc.

CALGARY, Alberta, Oct. 20, 2009 (GLOBE NEWSWIRE) -- Skymark Research, a leading provider of small- and micro-cap independent investment research, today initiated coverage on Oilsands Quest Inc. (AMEX:BQI - News). Skymark Research is currently offering a complimentary trial subscription. To view our research go to: www.skymarkresearch.com


Related Quotes
Symbol Price Change
BQI 1.26 0.00


{"s" : "bqi","k" : "c10,l10,p20,t10","o" : "","j" : ""}
About SMR:



Skymark Research is a leading provider of independent investment research in North America. Our services include research analysis on the small- and micro-cap markets, real-time news and financial data, market commentary and the SMR newsletter. Skymark Research's staff of small-cap investment professionals is dedicated to providing the small market's investment community with the tools and avenues necessary to make the important investment decisions. To view our research reports on a complimentary trial basis and take advantage of our other services, go to www.skymarkresearch.com and click on the complimentary trial subscription button on our home page, or go directly to our registration page at www.skymarkresearch.com/signup.php

[chinaman711]

Traded 3 mil shares in the 45 minutes and needs to get thru 1.40. Looks like a big volume day for BQI and maybe the news will be coming soon.

[chinaman711]

Here comes the test for BQI at 1.40

[chinaman711]

Just hit 1.47 with volume of 9 mil at noon looks good to go imo

[BentleyVTech]

c-man, im glad to see this one moving again! I'm averaged in around 3 bucks because I loaded up the last time it was running a little...and even bought some as high as 5. Where do you see this one going?

Without a buyout offer, it can't go too far, it'll just run on oil price speculation...IMO.

[chinaman711]

If oil goes back to 100 bucks or they put out news of a partner it will go to alot more then 3 imo. Good luck and watch NOEC too.

[chinaman711]

BP and BQI that would be a nice fit sure wish they would hurry up and get the news out.----Midday Movers: Pump Up the Volume
By Robert Holmes 10/21/09 - 01:30 PM EDT Leave a Comment Stock quotes in this article: SPDE , CHIP , BQI , MNKD , GLUU , CKSW , AAPL
NEW YORK (TheStreet) -- Several small-cap stocks were moving on above-average volume during Wednesday's session.

More on Winners of the Day Wells Fargo: Financial Winners and LosersDelta Air Lines: Airline Winners and LosersEarly Movers: Pump Up the VolumeFannie Mae: Financial Winners and LosersMidday Movers: Pump Up the VolumeEarly Movers: Pump Up the VolumeMidday Movers: Pump Up the VolumeBofA: Financial Winners and LosersEarly Movers: Pump Up the VolumeMidday Movers: Pump Up the Volume Market Activity ClickSoftware Technologies Ltd.| CKSW DOWNOilsands Quest Incorporated| BQI UPVeriChip Corporation| CHIP UPSpeedus (SPDE Quote) surged by $1.27, or 31.4%, to $5.31 after the company said its Zargis Medical subsidiary has been cleared as a developer for Apple's (AAPL Quote) iPhone and has begun development of medical diagnostic support software and related peripherals for the device and other leading smartphones. Volume topped 954,000 shares, compared to the 50-day average daily volume of 190,000, according to the Nasdaq.
VeriChip (CHIP Quote) jumped by 69 cents, or 37.1%, to $2.55 after the company said it has entered into a strategic partnership with the Diabetes Research Institute to develop a glucose-sensing RFID microchip, which "could potentially improve patient care and compliance among individuals with diabetes," the DRI said in a statement. Volume topped 6.3 million shares, compared to the 50-day average daily volume of 1.3 million, according to the Nasdaq.

Canada's Oilsands Quest (BQI Quote) rose by 22 cents, or 17.5%, to $1.48 following comments from BP (BP Quote) CEO Tony Hayward, who said the oil giant may increase its drilling position in Canada. "We have a modest position in Canada's oil sands. We can see if we can make it even bigger over time," Hayward told an industry conference in London, according to Dow Jones. Volume topped 11.4 million shares, compared to the 50-day average daily volume of 2.8 million, according to the Nasdaq.

MannKind (MNKD Quote) climbed by 72 cents, or 14.2%, to $5.80 after boutique firm Griffon Securities initiated the stock with a buy rating and a price target of $26. The firm asserted that MannKind's Afresa inhalable treatment will change the way diabetes is treated. Volume topped 3.9 million shares, compared to the 50-day average daily volume of 1.8 million, according to the Nasdaq.

[Horsefish]

A Korean oil company just announced the purchase of Harvest energy trust HTE in Canada. If someone doesn't jump on BQI soon, the opportunity will be gone.

[chinaman711]

Watch BQI if it gets thru 1.70 maybe the news will be out soon. Just hit 1.66

[Gordo]

Good call China. I follow this morning but wussed out on that second dip back to 1.45.

[chinaman711]

Today's 5-Star Movers
By Motley Fool Staff
October 22, 2009 | Comments (1)


As fundamentals-focused long-term investors, Fools never base an investment decision on the daily gyrations of the market. But the market's daily price movements can be useful when looking for new stock ideas for further research, or to keep tabs on watch-list stocks.

Below you'll find today's biggest movers among our five-star stocks -- the highest rating awarded by our CAPS community of more than 135,000 investors. Have a look, and then visit us on CAPS to dig in further on each of them.

Up Today
Sector
Sector Past 30 Days
Fools Saying Outperform
Research

Harvest Energy Trust (USA)

(NYSE: HTE)
32.38%
Oil, Gas and Consumable Fuels
14.21%
1037 of 1075
Research

Standex Int'l Corp.

(NYSE: SXI)
20.94%
Industrial Conglomerates
-0.39%
31 of 35
Research

Chipotle Mexican Grill, Inc.

(NYSE: CMG-B)
12.31%
Hotels, Restaurants and Leisure
-4.37%
945 of 966
Research


Other Five-Star Oil, Gas and Consumable Fuels
Oilsands Quest, Inc. (AMEX: BQI) up 13.29%
Peyto Energy Trust Unit(OTC BB: PEYUF) up 2.28%
Other Five-Star Industrial Conglomerates
3M Company (NYSE: MMM) up 2.77%
Koninklijke Philips Electronics NV (ADR) (NYSE: PHG) up 1.57%
Other Five-Star Hotels, Restaurants and Leisure
Scientific Games Corp. (Nasdaq: SGMS) up 0.17%
Sodexho Alliance (ADR)(OTC BB: SDXAY) down 1.79%

[chinaman711]

Oil is down today and market looks real weak, sold most of my bqi and hope to get it back next week. Good luck

[Horsefish]

I'm surprised that you did that. Of course, it's never a bad time to take profit. Oil is down because the dollar is up, BQI is holding up pretty well.
I'm holding over the weekend to see if some announcement comes out.

[chinaman711]

BOUGHT MY BQI BACK TODAY UNDER 1.40. YESTERDAY BQI HIT SUPPORT OF 1.35 AND TODAY IT HIT 1.36 SO FAR. i HAVE A TIGHT STOP IN CASE THE MARKET TANKS AGAIN TODAY. MOVED INTO CHINESE STOCKS AND ENERGY STOCKS AND OUT OF THE FINLS FOR NOW. BP NICE EARNINGS REPORT, GOOD LUCK

[Chimera]

Man I wish I would have found this thread earlier. Made the mistake of buying in on Friday at $1.52. Would have been nice to catch it cheap today. Two days go by, and I'm down pretty big. Learn as I go I guess!! Glad it wasn't a big chunk of money, just starting off small.

Can someone give me an "Its OK, it'll be going back up!!" just to make me feel better???LOL :embarassed:

And Horsefish, what announcement are you referring to?

Thanks

[jlcnuke]

"Its OK, it'll be going back up!!"

Or it's going down, or staying flat. I'm sure I'm right here though. It's going to do something or not.

[Horsefish]

And Horsefish, what announcement are you referring to?

Thanks


With virtually all of the asian countries searching around the world to lock up supplies of oil and with those rich oil sands in BP's backyard south of prudo bay, someone is going to buy these guys. When you look at the valuations of the Canadian oil trusts it is almost obvious that there is value here.

[Chimera]

"Its OK, it'll be going back up!!"

Or it's going down, or staying flat. I'm sure I'm right here though. It's going to do something or not.

Thanks Nuke!! Feeling so much better now!! LOL.

First time pulling the trigger on a couple stocks, and both went in the dirt as soon as I did.

1st lesson learned: PATIENCE!!!

[BWong]

If it any help, all of my biggest money makers/trades happened when I would get in/buy, and the stock would drop a little more but not too much, and in time the stock would blow back up and I'd cash-out.

In many cases, patience is a virtue. So long as the stock is a good one and it has historically gone back up after having gone down, like most stocks out there do, you will be just fine.

I'm waiting on 3 stocks to go back up and 2 of them are ones that I have never traded before but I have the faith.

[madcowdisease]

CMan, what signals are you watching on BQI?

None of the usual indicators are very helpful at the moment and all are showing the trend is slowing. I'd like to see a reversal candle pattern but all we have are the three black crows, granted they are coming in on less volume which is nice.

Be advised a couple subscription advisory services picked up on the mega volume last week and were pumping BQI. They've since issued sell orders but I don't think anyone holding BQI in the last 2 weeks is looking for anything other than a quick flip so this puppy can turn on a dime as we saw on 10/21.

BQI doesn't have significant resistance until $2 and may even see $3 longer term. However, I'm not ballsy enough to step in and call a bottom. I'd like to think the bearish momentum of the last 3 days will subside soon but I'm not seeing a confirmation just yet.

[Chimera]

BQI doesn't have significant resistance until $2 and may even see $3 longer term.

That's what I was thinking at $1.528O, so I figured it was a good buy. I don't mind waiting to get a profit, but it's just that notion of the second you buy something and she tanks......just kinda gets under my skin.

My Lesson #2: Get some thick skin.

I'm learnin..........

[madcowdisease]

Oil took a big hit today, down 2%. This has pushed BQI down 9% intraday. Seems to be finding a short-term base around $1.19. I assume your stops got you out of this one before too much bloodshed, CMan?

[Gordo]

Brutality.....8O

[Horsefish]

Second time I got stopped out in two weeks. One with profit,one without. Couple of things happening here, oil is down and the US dollar is up against the Canadian dollar. Both bad for BQI. Going to get back in when the dust settles. I think that both the dollar strength and the drop in oil are temporary. In the mean time, live to fight another day.

[Chimera]

My Lesson #3: Stops

[RedStripe]

Buy dto

[chinaman711]

I got stoped out too but i'll be back in as soon as this market turns or bqi has some good news.

[chinaman711]

Madcow im using support pp and resistance levels while trading BQI. I have bqi in my ira's when it was under a dollar. Im watching the price of oil, bqi volume and waiting on bqi news. Hope this helps. BQI support is 1.08 pp is 1.22 and if 1.22 holds look for a test at resistance of 1.36. Good luck

[chinaman711]

Im back in as oil goes alot higher.

[madcowdisease]

Im back in as oil goes alot higher.

BQI looks to be holding just above the trendline going back to early September.

Will be watching the price action in the coming week for a hint as to its future direction.

[chinaman711]

I loaded up this morning and looking for news soon. Looking for a move back to 1.19 and then higher. Good luck

[madcowdisease]

I loaded up this morning and looking for news soon. Looking for a move back to 1.19 and then higher. Good luck

I'm strictly technicals on these small to micro caps. What have you heard regarding fundamentals?

[chinaman711]

Not hearing much from bqi but there was an upgrade with a new target of $3. We did get a close above 1.19 and bqi should test 1.30 soon. If bqi gets thru 1.36 then we may see 1.67 again. Long term I think Madcow and I will be very happy with BQI. Remember SU went from 3 to 140 in 11 years. Good luck

[Rich]

http://www.guardian.co.uk/business/2010/feb/14/canada-china-investment-oil-sands

Chinaman, others,

How do you feel this news will affect BQI and others?

Conoco is remaining invested, Shell is dropping out.

Rich

[chinaman711]

I would stay away from BQI, the CEO is gone and my guess is that he will take his own company public. The only thing that will get oil sands plays running again is $100 oil imo. If Hopkins takes his company public that might be a play, Bqi needs to partner up and not give away their leases as they did with the deal they gave Hopkins. JMHO