Well, if I'm to believe the stockhouse "Newsblast" I received this morning a local energy company has just:
Quote:
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"completed $5 million worth of seismic testing to confirm that its [name] prospect in the Northwest Territories contained:40 billion barrels of recoverable crude! Oil/gas reserves worth $210 billion!"
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Since everything on the internets is true, then the economy will take awhile before it's in the crapper on this alone.
(Note I've removed the company name and claim from the above as it's not from them, it's some dude who is "
editor and publisher of Economic Advice, a widely-read and respected monthly investment advisory that's been helping readers build wealth for over 20 years." Basically he seems like a stock pumper and wants you to subscribe to his publication. The stock is up about 10% on the day but one day doesn't really mean much, it could just be speculation.)