Western Oil Sands - Sand-Öl-Gruppe Athabasca - 500 Beiträge pro Seite

[tillex]

Die 20%ige Tochter der Athabasca Oil Sands war komischerweise hier in w:o noch unbeachtet und hat seit der unbegründeten Korrektur im Juni von 35 auf 13 satte 80% zulegen können. Sie gehört zur zukunftsweisenden Sand-Öl-Fördergruppe, der zB auch die Aktie von Suncor Energy angehört.

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Western Oil Sands Provides Update for Oil Sands Operations and Expansion Plans

CALGARY, Aug. 8 /CNW/ - Western Oil Sands Inc. ("Western") announced today the following update on current operations and expansion plans for the Athabasca Oil Sands Project ("AOSP"), located in northern Alberta.

Operations

In April 2005, Western indicated that planned maintenance in the thirdquarter of this year would result in some reduction in production volumes with the shutdown of a single train operation at the upgrader for a period of one to two months. Ongoing inspections and equipment monitoring now indicate that major shut down activity can be deferred until the second quarter of 2006 when a full facility turnaround is scheduled. A decrease in production is still anticipated in September 2005 to accommodate reduced availability of third-party hydrogen to the upgrader and to allow minor planned maintenance to be
carried out on the Scotford hydrogen plants and the Muskeg River Mine cogeneration plant. Production will be limited to approximately 140,000 barrels per day for up to three weeks. Based on this timing, Western is updating its guidance on 2005 cash flow and earnings. Annual production is expected to average 150,000 to 155,000 barrels per day (approximately 30,000 barrels per day net to Western), translating into cash flow of approximately $220 million and earnings of $90 million for 2005 based on a
forecasted oil price of US$50 WTI and a Cdn/US exchange rate of $0.80 for the balance of fiscal 2005.

Expansion Plans

The AOSP has over six billion barrels of recoverable bitumen in its Athabasca leases which, under current expansion plans, could ultimately support over 500,000 barrels per day of production. To achieve this goal, the
Joint Venture announced in April 2005 a continuous construction growth strategy that would expand the AOSP in three "building blocks" of approximately 100,000 barrels per day each. The first building block would include expansion of the mine and a matching expansion of the upgrader.
Regulatory applications were filed in April 2005 and front-end engineering is on track for a final investment decision in 2006. Major contractors have been selected for both the mine and upgrader expansions. The AMEC-Colt engineering joint venture will complete the final phase of front-end engineering of the mine expansion and, when a final investment decision is made, will be positioned to undertake the engineering, procurement & construction management of the first and subsequent mine expansions. Similarly, Bechtel Canada Co. has been selected as the major contractor for the upgrader expansions.
The scope of the first expansion has been defined in more detail, and now includes the construction of certain common infrastructure such as pipelines and utility systems, which will be sized to support the longer-term production level of over 500,000 barrels per day. The first expansion design also includes key learnings from construction and operating experience gained from
the original AOSP. For example, reliability enhancements in the bitumen extraction plant, while requiring additional capital, will result in fewer shutdowns for planned and unplanned maintenance. Also included in the first expansion are profitability-driven capital investments such as a deasphalting plant at the upgrader. As a result of this additional investment, the upgrader
expansion will produce less heavy oil, thereby reducing exposure to light to heavy oil differentials and improving the value of the synthetic crude oil blends. It is critical that the design of the first expansion is carefully optimized because it provides the template for future building blocks.
The front-end engineering process includes updates to capital costs.
While cost estimates will not be finalized for another year, it is clear that there is a significant upward trend in construction costs due to the heated global market for engineering equipment and bulk materials. The Joint
Venture`s current view is that the first expansion, including the common infrastructure required to support subsequent expansions , could be up to$200 per annual barrel of production. Subsequent expansions will utilize this "pre-built" infrastructure, lowering future capital requirements.

The Business

Western continues to refine its oil sands business model to reflect its success since start of operations, approximately two years ago. The technology platform at the mine and upgrader is currently performing above original design capacity and this platform is setting the stage for future expansions.
"As operating experience grows, we continue to work on a range of debottlenecking options in order to realize the full potential of the resource base and operating assets," commented Jim Houck, President and Chief Executive Officer of Western. "At the same time, we are clearly benefiting from an oil price in excess of $60 WTI per barrel; however, the demand caused by higher commodity prices is putting significant upward pressure on capital and
operating costs. Our challenge is to remain the lowest cost oil sands producer and deliver our expansion projects on time and on budget. Accordingly, Western`s business plan is to continue to prudently grow sales output volumes
in the most cost-effective way possible."
Western Oil Sands is a Canadian oil sands corporation which holds a 20 per cent undivided interest in the Athabasca Oil Sands Project together with Shell Canada Limited (60 per cent) and Chevron Canada Limited (20 per
cent).

[Steigerwälder]

Bist du dir sicher, dass die "unbegründete Korrektur" kein 3:1 Aktiensplit war, den die Pappnasen von Onvista, Wo & Co. mal wieder vergessen haben?

[kaktus7]

Diese Aktie ist nicht gefallen, sonder scheint einen Split vollzogen zu haben. Schau am besten unter tsx.de bei wto
Manchmal wird bei ausländischen Aktien der Split nicht in Chart eingerechnet, so daß es aussieht, als ob der Kurssich auf Einmal gedrittelt hätte. Sehr gut nachvollziebar bei Gulf coast.
Vielleicht geht der Kurs eher zurück, wegen der aufwändigen Wartung, die auch die Fördermenge eine zeitlang eischränkt.

[BleibtFair]

Tja, offensichtlich sind die Charts falsch, sogar bei finance.yahoo.com; ist mir ein Rätsel.

Ich habe wto.to am 17.02.05 gekauft und seitdem mit der gestrigen Korrektur rund 80% gemacht. Einen Split gab es nicht. Einen Absturz im Juni gab es auch nicht. Der Chart läßt sich an der Toronto Stock Exchange richtig abrufen:
http://www.tsx.ca/HttpController?GetPage=QuotesViewPage&Deta…
Dort auf der rechten Seite.

Gruß

B.F.

[Kostolany4]

Western Oil Sands



Die Company war keineswegs "unbeachtet", sondern wird in allen Ölsand-Threads erwähnt.

Sie ist mit einer Mkap von 3,3 Mio. Euro eine durchaus formidable Firma und ist m.E. ein klarer Kauf.

[kaktus7]

Die Karktkap. ist 3,2 Mrd Euro.
160 Mio Aktien mal 20 Euro.

[Sunray01]

Börsenwert aktuell 4,4 Mrd. KAD, KGV von 71. Das ist schon richtig heftig. Was sagen die Profis dazu ?

Gruß

[Steigerwälder]

Im Moment steckt die ganze Branche halt noch in den Kinderschuhen.

Die Phantasie ist, dass die Ölsandförderung massiv ausgeweitet werden kann und gleichzeitig der Preis steigt. Da spielt es eigentlich nicht DIE Rolle, dass letztes Jahr nix (KGV 71) verdient wurde. Für dieses Jahr dürfte das KGV zw. 30 und 40 liegen.

Die Reserven sollten m.E bei Sandunternehmen auch nicht so entscheidend sein. Diese reichen ohnehin ewig. (Und der Abbau in 30 bzw. 50 Jahren muss abgezinst werden.) Wichtig ist die mögliche jährliche Abbaurate. Da sind ja für irgentwann in der Zukunft 500.000 Barrel am Tag im Gespräch.


Es ist im Grunde eine Glaubensfrage: gehst du von steigenden Ölpreisen aus kommt die Aktie in Frage.

[Steigerwälder]

Wer sich für den Laden interessiert sollte sich folgende Presentation mal ansehen:


http://www.westernoilsands.com/html/investors/communications…

WTO hat an dem gesamtem Projekt einen Anteil von 20 %. Derzeit fördert WTO 30000bpd. Dies soll bis 2014 auf 100000bpd ausgeweitet werden.