Oil sands break even = $40/barrel, double digit returns = high 40's-50 range

Discussion in 'Stocks' started by Kassz007, Apr 2, 2009.

  1. auspiv


    oil from oil sands and oil shale has been "just above breakeven" for close to 30 years now, no matter how much oil costs.
  2. Néééh,

    I own some COS and they cut their dividend 90% summer to spring so they did make profit with oil at 150$ surely.:)
  3. Maybe so, but I think Q2 earnings from oil sanders will prove the article to be truthful.

    The article also mentions starting back up the new oil sands projects at these levels which is nothing but good news for the industry.