250% Profit

[RangerRick]

I bought 2000 shares of a little "voice recognition software" stock back in September of 05 called Nuance (nuan) @ 5.04. They were bought out 1 October and I ended up with 770 of those shares costing me 2.20. Sold em yesterday @ 14 for a 250% profit totaling 20,245.00. I expect it to hit 20 by eoy but greed can be expensive. Nice days work, unfortunately the tax man will take his pound of flesh for my effort.

Looking at buying "PVX" Canadian tar sands oil production stock, anyone have any oil background?

Rick

[ryanmercer]

I bought 2000 shares of a little "voice recognition software" stock back in September of 05 called Nuance (nuan) @ 5.04. They were bought out 1 October and I ended up with 770 of those shares costing me 2.20. Sold em yesterday @ 14 for a 250% profit totaling 20,245.00. I expect it to hit 20 by eoy but greed can be expensive. Nice days work, unfortunately the tax man will take his pound of flesh for my effort.

Looking at buying "PVX" Canadian tar sands oil production stock, anyone have any oil background?

Rick


Awesome, congrats!

[RangerRick]

Thanks, don't hit a homer everyday but it's nice when it happens.

As I mentioned above I'm looking into tar sands oil, in particular PVX, CNE or PWE. This is an area the big guys arn't really interested in as there isn't as much money to be had in their pockets. Then, dealing with Canadian vs US taxes is an added twist but there seems to be some real investor money potential plus nice dividends and the concept in interesting but I'm kind of confused on their extraction and delivery processes so if you or anyone out there is in the know - please enlighten me.

Rick

[wr]

I'd be a bit cautious about investing in oil and gas up here. I'm not saying you won't make money because you certainly can but right now, we have Kyoto dogging us and exploration is a bit soft at the moment. Oilsands is a pet peeve for the environmentalists and the Kyoto groupies and because the extraction process requires a huge refinery, it's always on the hit list. The environmentalists dog it because they worry about reclaimation but the areas reclaimed are pristine and our environmental laws are real stringent. The oilsands will survive and thrive for quite some time but I don't know that you would see huge quick return on your dollar. I'm a bit unfamiliar with stock abbreviations but if you'd like to advise me of the companies, I am in oil and gas in Alberta and it shouldn't take too long for me to find out what I can for you.

[JBinKC]

Good for you on the profit.

I have lots of experience in the resources sector. That is now how I make a living- investing. The only oil sands stock I own is Petrobank. PBG.to mainly because of its THAI method of extraction which should end up to be lowest cost producer in the industry. I have been in the stock for quite some time and I see no reason to sell it.

My portfolio has 6 small and mid cap producers and I have others on my watch list.

My overall largest position is Heritage Oil in Canada. HOC.to. I have been in the stock for some time and still like it.

[Mrs._B]

Congrats.
I'm sure by now you already know, but just in case. ......the oil sands business in Canada is regulated by the Canadan govt. so that non-Canadians cannot invest. Perhaps you can find a Canadian-based fund that invests in the oils sands company (can't remember the name) and will allows accounts to be open by participants outside the country.

Guess they want to ensure profits stay in country.

Susan

[JBinKC]

Mrs. B No offense but that statement is ludicrous. I can buy stock in any company in Canada as long as my broker can.

The only recent changes for oil sands legislation is the royalty trusts aren't tax free to foreigners anymore.

[annabella1]

All I know is BP in Indiana is redesigning the refinery so they can process Canadian Oil. It's heavier than what they have been refining. So maybe there are new markets opening.

[ryanmercer]

All I know is BP in Indiana is redesigning the refinery so they can process Canadian Oil. It's heavier than what they have been refining. So maybe there are new markets opening.

Heh I haven't heard that... but interesting... lately all they have been talking about is the largest ethanol plant that had it's opening ceremonies yesterday here.

[annabella1]

There are a lot of protests going on because BP got a permit to release additional water into Lake Michigan, so they can do this special "Canadian Oil". Every body thinks its going to add to pollution.

[ryanmercer]

There are a lot of protests going on because BP got a permit to release additional water into Lake Michigan, so they can do this special "Canadian Oil". Every body thinks its going to add to pollution.

Protests must be going on up there... as I've not heard anything about it down here in Indy... but interesting... I say someone just gets to cracking and develops that energy system from Robert Henlein's fantasy novels haha (put anything into it... anything, and it takes the energy from it and can power cities for years... toss in your banana peel in and wham LA's got power for a year.)

[wr]

Mrs. B, I'm not sure where you are getting your information but it is seriously flawed. The feds do not own the oilsands project but they have, in the past offered tax concessions. Any company that offers shares on the stock exchange can be acquired by anyone who wishes to invest in the stock market. Investing in the oilsands can be a pretty broad term because of the various levels of development and technology involved. The really odd thing about your statement is that a lot of companies exploring in Alberta are US based companies or subsidiaries of US companies. I believe you may be thinking of EnCana when you speak of government ownership but their major claim to fame is coal bed methane and natural gas with a much smaller involvement in oil and offshore drilling.

[fredfl]

PWE is not an oil sands play they do own land in that area but to the best of my knowledge they only produce gas and oil by conventional means. PWE is a trust and they pay out the majority of their profits in monthly dividends to their shareholders. The Canandian govt. is in the process of coming up with a new tax structure which in a couple years may force PWE to change their trust format. There is much more info available at their website if you are interested.

[Rancher]

250 percent profit is nice, very nice, but not uncommon for anyone investing in the stock market who understands what to do. I have been a stock investor since 1954 and my original goal was intended to double my assets every 5 years. By learning how to invest, and not gamble, I have never failed to best that goal and in fact have always exeeded it. I have never had a losing year and on the average have more than doubled my assets every 3 to 5 years since 1954.

Over the years I have learned and developed specific rules to follow when buying and selling stocks. I religiously follow those rules and never buy or sell unless indicated by the rules.

Like any business, anyone intested in investing should first learn how to manage the investment. Today there are many sources of information that were not available to me in 1954 so it is much easier for a newby to learn today.