is the business of Oilsands Quest. The stock moved to Nasdaq from the bulliten board in August of 2006 so the weekly chart below includes that trade data. It looks like the stock could head back towards the 9.00 level. An initial stop will go near 4.78 for me. I would suggest taking at least partial profits here (4.50) and look to re establish a full position at lower prices.
THE Fractal Nature OF STOCKS IS SHOWN IN THESE TWO TIMEFRAMES
Oilsands Quest Inc., formerly CanWest Petroleum Corp., through its subsidiaries, is focused on business opportunities in the oil and gas sector, and in particular the oil sands and oil shale sectors in western Canada. The Company operates through its primary subsidiary, Oilsands Quest Sask Inc. (OQI Sask). OQI Sask was established as the operating subsidiary of the Company to primarily explore for and develop oil sands deposits in the provinces of Saskatchewan and Alberta. The Company owns 100% of OQI Sask. It is focused on the exploration, delineation and ultimate exploitation of bitumen through the activities being conducted by OQI Sask. The Company’s subsidiaries include Township Petroleum Corporation (Township), Western Petrochemicals Corp. (WPC), Stripper Energy Services Inc. (Stripper) and Anhydride Petroleum (USA) Inc. (Anhydride USA).