Thursday, May 07, 2008

http://stockcharts.com/h-sc/ui?s=aos.v

Symbol: AOS.V, AOSDF.PK
Recent Price: C$0.750
Shares O/S: 53.3 M
Market Cap.: C$40 M
52 Week Range: $0.530 - $2.400

GoldMau Comment:

Alberta Oilsands Inc. (AOS.V)  is an Oil Sands development company.

The company reorganized and acquired oil sands properties in May 2007. Their stock raced to $2 in response to this positive news. Since then, the disband of oil income trusts, high costs of operating in Alberta and Alberta’s Provincial Government royalties hikes killed the junior oil developers market.

With oil at $120 and Alberta royalty issues resolved, fundamentally and technically AOS looks like an interesting target.

The stock just broke through 50 DMA of 70 cents (blue) on heavy volume. Next target is 200 DMA at $1 (red). We are in 50,000 shares at $0.76.

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