Equity Research on Oilsands Quest Inc. and New Gold Inc. - Gold Miners Investing, Oil Miners Divesting
March 28 2012 - 8:05AM
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Oilsands Quest Inc. (NYSE Amex: BQI) and
New Gold Inc. (NYSE Amex: NGD). Register with
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A number of mining companies have been moving in opposite
directions as of late, with some gold miners growing their holdings
while several oil companies have contracted. Despite a recent slip,
gold prices still remain high, and some companies have been
expanding their operations as profits from successful quarters are
being reinvested via land purchases. Get your free reports on
Oilsands Quest Inc. and New
Gold Inc. at
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New Gold Inc. recently reported record annual earnings for 2011,
and has also been expanding its operations. The company newly
stated that it has purchased a further 223 square kilometers of
mineral claims from Gold Reach Resources. New Gold
Inc. report is accessible for free by registering today at
http://www.shinesrooms.com/NewGoldInc280312.pdf.
On the oil side of things, several companies have engaged in
selling assets in order to raise capital. Oilsands Quest Inc. has
been having a challenging time as of late and is currently
operating under the protection of the Companies' Creditors
Arrangement Act. The company did however announce on March 15th
that it has been approved by the Alberta Court of Queen's Bench in
regards to the sales of its non-core Eagles Nest asset to Cavalier
Energy for just over CAD $7 million. Oilsands
Quest Inc. report is accessible for free by registering today
at http://www.shinesrooms.com/OilsandsQuestInc280312.pdf.
The two Nonmetallic Mineral Mining stocks
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