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Canadian Oil Stock Splits Planned

23 March 2005
Author: site admin Posted under Stock Splits

Here’s some stock split news for our Canadian readers. Two of three partners in the Athabasca Oil Sands Project are planning stock splits. Partners are WTO - Western Oil Sands (TSX), SHC - Shell Canada (TSX),
and CVX - ChevronTexaco (NYSE). WTO - Western Oil Sands and SHC - Shell Canada are both planning 3 for 1 stock splits. Wesern Oil Sands has a 20% stake, Shell Canada has a 60% stake and Chevron Canada Ltd. has a 20% stake.

Having been there I can tell you that the operations are impressive. Put simply they mine sands heavily laden with oil and then extract the oil with steam.

A favorited oilpatch driller of mine, Precision Drilling Corp., with symbols of PD (TSX) or PDS (NYSE) is also planning a 2 for 1 stock split.

Harvey


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