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IBDvalueinvestin (99.68)

Oil at $84 = Canadian Oil Sands now highly profitable again with double digit profits

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3

April 20, 2010 – Comments (1) | RELATED TICKERS: TRP , GPOR , SU

over investment money.

 

http://www.reuters.com/article/idUSN0133604420090401

1 Comments – Post Your Own

#1) On April 20, 2010 at 4:32 PM, DarkToast (50.13) wrote:

You can't just start up oil sands extraction when the oil price is high and turn off the spigot when it drops.

The volatility in the price of oil is no friend of investors in Canadian oil sands.

I like some oil sands companies as a long term play on the peak oil theme.

 

+1

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