Tuesday, February 26, 2013

How Big Is The Canadian Oil Sands -- Motley Fool

Link here to Motley Fool:

Data points:

Production estimates (one London firm) for the Canadian oil sands:
  • 1.7 million bopd in 2013
  • 4.2 million bopd in 2025
The Kesystone XL would accommodate about 800,000 bopd. Many, many story lines there.

Stock recommendations (for investors):
Tyler recommends Suncor Energy, the largest oil sands producer in Canada, and goes on to pitch ConocoPhillips, which has gone all-in with the Canadian oil sands. ConocoPhillips will spend a large portion of its 2013 capex there through joint ventures with Total.
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2 comments:

  1. CRCFebruary 26, 2013 at 11:33 AM

    Foolish policy makers preventing keeping this from reaching this country as it should. The radical environmentalist have got our federal government stuck on stupid.

    KFYR TV news and video story about oil going out of North Dakota by rail.

    A comment in the story:
    BNSF started exporting crude oil from western North Dakota in 2008. It started carrying 1.3 million barrels a day. Within four years, its export volume jumped to 100 million barrels a day.

    Make sense out of that. I think their reporters need to do some continuing education.

    http://www.kfyrtv.com/News_Stories.asp?news=62279

    ReplyDelete
    Replies
    1. Bruce OksolFebruary 26, 2013 at 11:55 AM

      I knew BNSF was big, had a lot of track and a lot of railcars, but this seems a bit over the top. Smile.

      Delete

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