Speculation Friday - Oil Sands Quest
Cramer was out with bullish comments on Oil Sands Quest (BQI) for “Speculation Friday.” Currently, the company has no revenues, but Cramer likes the name for a play on dirty oil sands. With oil trading at record levels it makes sense for the company to drill for bitumen, a hard to refine dirty oil. The company controls 500,000 acres of land in the Saskatchewan oil sands and is actively looking for partners to explore the region. Cramer also said BQI is a real-estate play and if the company received the value that Ivanhoe Energy (IVAN) paid for leases in Canada it would be wroth $3.4 billion in market value - sending the stock 156% higher. If BQI was to only get 50% of what Ivanhoe paid the stock could trade to $8.34. Cramer told investors that BQI is very speculative and investors should buy in small lots using limit orders. Get the scoop on tomorrow’s hottest trade ideas – TODAY! BeaconEquity.com PREMIER PICKS have an amazing track record. Join this select group and ride the profit wave!



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