Hmmmmm, "Buffett and Gates tour Alberta oil sands"
Here's an interesting headline that seems to have gone somewhat under the radar here in the U.S. I picked up on it while perusing a Canadian newspaper.
"Buffett and Gates tour Alberta oil sands"
Anyone who has read my blog knows that I am very bullish on oil, but that I prefer conventional plays to oil sands. Having said this, my largest E&P position does have some oil sands exposure. Having two big guns like Buffett and Gates, the first and third richest people in the world respectively, sniffing around oil sands companies will certainly give them a short-term pop and possibly a huge boost if they actually decide to pull the trigger on a deal. It has certainly helped, the stock of Canadian Natural Resources (CNQ) today, the company that they are rumored to have met with.
The CNQ oil sands project that the two toured