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[mrdbldub]

Done! I also must apologize and that is for losing my temper. There is one thing that we who trade always forget about and that is our deep seated need to be the biggest swinging dick in the room. Cheers! I'll get the single malts. mrdbldub

[Graham]

Opti like UTS is a minor holder of interest in upcoming oilsands projects. Good ones at that!! They will double within 6 to 12 months just because they are M&A targets.
Opti was a bargain at 1.60 and should show fruit come spring.

[mrdbldub]

This one is a money maker. Get in, get out, get in, etc. I'm sure you get the idea. Play it between $1.90 and $3.00, expect it to settle down and start a solid upward trend in the 2nd quarter of 2010. Go for the coin. mrdbldub

[mrdbldub]

Hang on to your hats folks Opti is going to take us all for a ride! Now this does not mean a continuous downward slide but rather a Loop-de-Loop gut wrenching roller coaster of a ride. Are you ready to make some coin? If you own it hang on to it, if you don't get in early tomorrow. This is why I love to play the stock market; the thrill of tossing the dice, the River, etc.,etc. There is no game like it. Do your D.D. and then some; but what it really boils down to is when to lay your money on the table and when to take your profits. Today Opti announced their Board of directors has initiated a process to explore "strategic alternatives to enhance shareholder value". There will be a conference call tomorrow 04 Nov. 2009. To view all the info. on how to access their conference call see their press release @ the TMX web-site or go to Opti.com. Happy joyride brothers and sisters, let's make some coin. mrdbldub

[Miles]

OPTI Canada Announces Proposed Financing Plan and Production Update

Nov. 16, 2009 (Canada NewsWire Group) CALGARY, Nov. 16 - OPTI Canada Inc ("OPTI" or "the Company") announced today that it intends to offer by way of private placement US$425 million of First Lien Senior Secured Notes ("Notes"). The purpose of the private offering is to establish sufficient liquidity and flexibility for the company to proceed with its previously announced review of strategic alternatives process.

OPTI also announced that it had received aggregate commitments of approximately $159 million with respect to an amended and reduced revolving credit facility, which commitments are subject to the completion of the Notes offering. The amended credit facility is not expected to contain a covenant included in the existing facility based upon a ratio of indebtedness to earnings before interest, tax, depreciation and amortization (EBITDA). OPTI would retain the ability to increase the size of the new facility to $200 million by arranging future lending commitments.

Completion of these transactions is anticipated prior to the end of November 2009 but remains subject to a number of conditions, including agreement on final terms and conditions.

Production Update

Currently, steam injection at the Long Lake Project is approximately 75,000 bbl/d and, while early in the ramp-up process, bitumen production now exceeds pre-turnaround levels and is approximately 15,000 bbl/d with 47 well pairs on production, as of November 14, 2009. With the first sustaining well pad successfully tied into the main SAGD facilities, a total of 91 well pairs are now available for steam allowing for increased operational flexibility in the optimization of bitumen production. The Upgrader is in operation and the solvent deasphalting and thermal cracking units have also been restarted post-turnaround.

[mrdbldub]

I am still very bullish on OPC and added to my position @ $1.99. Thanks for thinking of me; I usually try to answer all e-mail within a day or two, but I have my Grand-children visiting from Alberta and I hadn't looked at my computer all of last week. Two stocks I've been interested in are Petraquilla Minerals (tmx-v PTQ) and Alda Pharma (tmx-v APH) they are both worth a look. Happy investing brother. mrdbldub