Alberta Oilsands is an oil sands exploration and development company focused in the Athabasca oil sands region of northeast Alberta. The Company is engaged in the production, exploration and development of resource properties. As of December 31, 2009, the Company drilled eight core holes in Fort McMurray Clearwater West property. During 2009, it also drilled a well at Ladyfern/Chinchaga. The Company's total production, during 2009, averaged 233 barrel of oil equivalent. The Company's operations include Fort McMurray Clearwater West, Clearwater East and North, and Hangingstone East. The Clearwater West project is located one mile southeast of the Fort McMurray Regional Airport. Alberta Oilsands also has project areas in south and north of the Clearwater River. The three Clearwater project areas include 28 sections of oil sands leases at a 100% working interest.
Numbers:
Market Cap 31M CAD
Sales (233 barrels x average price $100 $23,000)
EBITDA -5M CAD
Cash 2.9M CAD
LT Debt 0
Shares Outstanding 155,600,000 (this is where bear hides, AOS increased shares from 9,000,000 in 2004, even from November 2010 they issued almost 40,000,000 shares. That's why they don't need debt, they sell stock and raise capital while investors didn't made any money yet and who knows how old they will be if ever, they will make any)
Float 148,000,000
Major Shareholders
13.64%
Per cent of shares
held by top holders
Wellington Management Co. LLP 15,430,000
Mavrix Fund Management, Inc. 450,000
Sprott Asset Management LP 58,000
AOS.V insiders own about 8%
Resume: Not the worst micro cap stock in Canada, there is no quantitative upside for this stock, while on qualitative side they sit on Oil Sands under the ground. Also if there will be some good news in the near future stock will rise on big volume and then you might get into for a rally of some sort just watch the volume and price, good news can take such micro cap by large, but at the moment it's not a good buy as volumes are average and there is no Oil flowing to pay $30M CAD for 233 BOE. Also with hedge funds interest it might get interesting. That's why watch volume/price but as well if you see AOS.V goes up slightly on the same average volume with no news, it might be hedge fund is building bigger position and wants to be invisible as buying big chunk of stock will cost it more, much more, that's why same volume, no news, rising price is a good sign too.
Numbers:
Market Cap 31M CAD
Sales (233 barrels x average price $100 $23,000)
EBITDA -5M CAD
Cash 2.9M CAD
LT Debt 0
Shares Outstanding 155,600,000 (this is where bear hides, AOS increased shares from 9,000,000 in 2004, even from November 2010 they issued almost 40,000,000 shares. That's why they don't need debt, they sell stock and raise capital while investors didn't made any money yet and who knows how old they will be if ever, they will make any)
Float 148,000,000
Major Shareholders
13.64%
Per cent of shares
held by top holders
Wellington Management Co. LLP 15,430,000
Mavrix Fund Management, Inc. 450,000
Sprott Asset Management LP 58,000
AOS.V insiders own about 8%
Resume: Not the worst micro cap stock in Canada, there is no quantitative upside for this stock, while on qualitative side they sit on Oil Sands under the ground. Also if there will be some good news in the near future stock will rise on big volume and then you might get into for a rally of some sort just watch the volume and price, good news can take such micro cap by large, but at the moment it's not a good buy as volumes are average and there is no Oil flowing to pay $30M CAD for 233 BOE. Also with hedge funds interest it might get interesting. That's why watch volume/price but as well if you see AOS.V goes up slightly on the same average volume with no news, it might be hedge fund is building bigger position and wants to be invisible as buying big chunk of stock will cost it more, much more, that's why same volume, no news, rising price is a good sign too.
