Just wondering what stock picks others are focused on that should benefit from the Alberta oil sands. This link gives a quick look: http://www.cbsnews.com/stories/2006/01/20/60minutes/main1225184.shtml Thanks agpilot
Well, couple of companies that come to mind would be Suncor and Western Oil Sands Inc. You can also find a few more company names listed here: http://www.syncrude.ca/who_we_are/01_01.html
agpilot, Thanks for the link to the story. It reminded me to focus on getting some of these stocks such as Suncor and Murphy, etc.. Good long term investments for anyone's portfolio as I don't see the strong uptrend ever reversing directions.
-------------------------------------------------- Thanks Chagi but my question was in asking what picks others are focused on... and maybe why? I've already got $$ in Suncor but I thought maybe there was a smaller stock that was feeding off the big players and getting more upside percent in stock price. I havn't found a pipeline from Ft McMurray to the USA either. Again, I was wondering what other related play might be worth watching? I'll bet real estate prices would be high but I'll pass on that. This oil sand play will last a while, I would guess.. agpilot
I have a feeling that the oil sands could be the greatest exercise in deprecation in all history. That is the value of the oil coming out will be worth less than the cost of the inputs over the long run.
---------------------------------------------- Thanks zf trader.. I thought about that too. Big companies can control how much profit they report. It could be a little like some gold mining stocks that have a very high mining cost per ounce. The cost of getting oil from sand is very high so I'll also guess the first thing to stop will be the profit. I expect to be in and out but always interested in oil sands for years ahead. The total oil that might be extracted could be 8 times Saudi oil in the many years ahead. That's a lot of money laying there. agpilot
Right... and that's why some of the largest companies in the world are pumping billions of dollars each year into new extraction equipment. Oil could be halved and it would still be profitable @ $35.
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