Tarsands production to rise: Which stocks to buy & possible risks
By Yaser Anwar, CSC of Equity Investment Ideas
With crude oil selling for over $70 a barrel, costly development of unconventional oil supplies finally appears viable.
Canada, already the US's # 1 source of imported oil, is moving forward with plans to massively expand production of oil from giant tar-like deposits in the country's West called ‘oil sands.’
Daily production from oil sands is expected to quadruple to 4 million barrels by 2020, according to the Canadian Association of Petroleum Producers.
An estimated 175 billion barrels of oil lie buried in the hills of western Alberta province, ranking Canada behind only Saudi Arabia in proven reserves.
The beneficiaries of this would be Canadian stocks: Suncor Energy & Talisman Energy.
Risks to Tarsand production:
1) Alternative energy sources such as: Solar Power & Ethanol are utilized on a wider basis
2) Oil comes down to 50$ level (which i don't believe but there's always the risk)
http://www.equityinvestmentideas.blogspot.com/
With crude oil selling for over $70 a barrel, costly development of unconventional oil supplies finally appears viable.
Canada, already the US's # 1 source of imported oil, is moving forward with plans to massively expand production of oil from giant tar-like deposits in the country's West called ‘oil sands.’
Daily production from oil sands is expected to quadruple to 4 million barrels by 2020, according to the Canadian Association of Petroleum Producers.
An estimated 175 billion barrels of oil lie buried in the hills of western Alberta province, ranking Canada behind only Saudi Arabia in proven reserves.
The beneficiaries of this would be Canadian stocks: Suncor Energy & Talisman Energy.
Risks to Tarsand production:
1) Alternative energy sources such as: Solar Power & Ethanol are utilized on a wider basis
2) Oil comes down to 50$ level (which i don't believe but there's always the risk)
http://www.equityinvestmentideas.blogspot.com/
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