New Addition to the Portfolio

Today I added a company call Oilsands Quest Incorporated (BQI: AMEX) to the portfolio. I really like this company for a couple of reasons. The company has assembled the largest oil sands exploration in Canada. They have recently announced that they are ahead of schedule on their drilling. Canada is moving up the charts when it comes to oil production. They are going to be a strong producer/exporter in the coming years. With the volatility in the mid-east, Canada will become quite important for oil imports here in the U.S. All of the experts have said that there is no bitumen in Saskatchewan. Oilsands Quest proved that theory to be way wrong. They found bitumen, and a lot of it. They are sitting on some huge reserves and are expected to be producing by 2008