< Return to Bulls pageCatalysts for performance
Catalysts: 1) Oil above $100/bbl. Oil is currently trading in the low to mid $90’s right now. 2) TSX listing in 4Q07/1Q08 creating incremental Canadian equity analyst coverage. The stock is only covered by two analysts at Blackmont and Genuity, smaller brokerage firms. 3) Closure of Alberta Royalty Situation- if royalties are hiked in Alberta, it will hurt Encana and Suncor, but lead investors to Saskatchewan, where 90% of Oilsands Quest sands and shale are located. 4) SEC inclusion of oil sands and oil shale in reserve valuations will help create better disclosure and more interest among oil and gas companies, allowing for more M&A in the oil sand/shale space. 5) Norwest assessment/audit of reserves that will confirm management’s estimates.