updated 2/24/2011 7:16:47 AM ET 2011-02-24T12:16:47

DALLAS, Feb. 24, 2011 (GLOBE NEWSWIRE) -- MicroStockProfit.com announces an investment report featuring Oilsands Quest Inc. (AMEX:BQI). The report includes financial, comparative and investment analyses, and industry information you need to know to make an educated investment decision.

The full report is available at: www.microstockprofit.com/lp/BQI

Oilsands Quest Inc. (BQI), a development stage company, engages in the acquisition, exploration and development of natural resource properties in Canada. It holds interests in the oil sands deposits in the provinces of Saskatchewan and Alberta. The company was formerly known as CanWest Petroleum Corp. and changed its name to Oilsands Quest Inc. in October 2006.

BQI was founded in 1998 and is based in Calgary, Canada.

For only $19 a month, you can sign up for our real-time stock alert service. Click here to join now: http://www.pennystocklive.com/premium-membership/

In the report, the analyst notes:

"Shares of BQI dropped by 0.61% to close Wednesday at $0.57, shedding some of Tuesday's gains. BQI was one of Tuesday's best performing penny stocks as oil futures rose on the back of growing tension in Libya."

"Friday, BQI closed above its 20-day moving average. This is generally considered to be an indication of a bullish trend."

To read the entire report visit: www.microstockprofit.com/lp/BQI

See what investors are saying about BQI at http://www.stockhideout.com

Get breaking news on BQI at http://thestockmarketwatch.com/

MicroStockProfit.com is a small-cap research and investment commentary provider. MicroStockProfit.com strives to provide a balanced view of many promising small-cap companies that would otherwise fall under the radar of the typical Wall Street investor. We provide investors with an excellent first step in their research and due diligence by providing daily trading ideas, and consolidating the public information available on them. For more information on MicroStockProfit please visit: http://www.microstockprofit.com

MicroStockProfit.com Disclosure

MicroStockProfit.com is not a registered investment advisor and nothing contained in any materials should be construed as a recommendation to buy or sell any securities. MicroStockProfit.com is a Web site wholly owned by BlueWave Advisors, LLC. Neither MicroStockProfit.com nor its affiliates have a beneficial interest in the mentioned company; nor have they received compensation of any kind for any of the companies listed in this communication. Please read our report and visit our Web site, MicroStockProfit.com, for complete risks and disclosures.

CONTACT: Brian Johnson
         info@microstockprofit.com
         1-888-307-2850

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