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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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