Canadian Oil Boom. . .

Status
Not open for further replies.
BamaE4U

BamaE4U

New Member
Apr 15, 2003
1,188
632
0
72
Hoover/B'ham AL
www.especiallyforyouflorist.com
State / Prov
Alabama
[FONT=Verdana, Arial, Helvetica, sans-serif]Athabasca, in northwest Canada, is the biggest oil sands field in the world... by far. (The Saudi fields don't come close.) At a 60 percent recovery rate (which is very doable), this field will produce 100 billion barrels of oil.

[/FONT]​
[FONT=Verdana, Arial, Helvetica, sans-serif]The attraction of Athabasca is, of course, all about soaring oil prices. Even with oil prices dropping to close to $60, there's plenty of profit to be made from oil sands that wasn't possible when oil was going for below $50. [/FONT]​
[FONT=Verdana, Arial, Helvetica, sans-serif]So how should you invest in the hundreds of billions of dollars in oil revenues that will be coming out of Athabasca in the years ahead?

[/FONT]​
[FONT=Verdana, Arial, Helvetica, sans-serif]You could invest in one of the dozens of companies that are now planning to spend about $100 billion to develop nearly 100 oil sands mines (and in-situ projects) in Canada. But instead of trying to pick the winners from the losers, why not invest, instead, in the companies that supply equipment to all these companies - the losers as well as the winners?[/FONT]​
 
An aside...

The boom you mentioned is really causing problems for some florists in Alberta. One of my favorite users out there tells me there just aren't enough people to fill all of the service jobs and florists need to pay upwards of $15 an hour just to get someone to clean roses! Unfortunately the florists don't seem to be able to raise their prices proportionately. It's a real problem.

P.S. Sorry your team is having a rough year - I went through it in 2005!
 
The employment problem. . .

is a real problem for sure. . . .

PS: The eternal optimist in me says "We can still go 10-2" Roll Tide.
 
10-2? Absolutely!

Those can be the most exciting seasons - suddenly you're invested in every SEC game, hoping that everybody else beats up on each other and 10-2 becomes enough to win the conference. Good luck!
 
BamaE4U don't tell

BamaE4U,

don't tell bloomz about all that oil in Canada because he'll probably tell you Bush is planning to invade so that he can help is Haliburton friends.
 
from the mouths of....

some of the people that work at the sands projects.....
It is VERY LIKELY that they will run OUT OF "process water" sources, BEFORE they run out of oil locked tar sands....
 
Status
Not open for further replies.
Top Bottom
Back