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EnvestorFirst (< 20)

Sandy & Oily Summer Stock Picks



July 05, 2011 – Comments (0) | RELATED TICKERS: IMO , SU , CNQ

Shale playshave stolen the show, but the Canadian oilsands are still plugging along strong. There are six stars working in the oil sands, and should be noticed! Haven’t thought about the oil sands lately? Well, you should! Michael Ray has six solid recommendations and great support for his picks. 


 "Canadian Oil Sands (COSWF.PK): If one is looking for a pure play on the oil sands then one must consider COSWF.PK. Canadian Oil Sands is the largest joint venture owner (36.74%) in Syncrude Project. The Syncrude Project is a Joint Venture undertaking among Canadian Oil Sands Limited, and six other companies.

 Suncor (SU): Suncor operates as an integrated energy company located in northeast Alberta. While the company has several different business sectors, it is its oil sands business that is the mainstay of the company and will be the engine that drives the growth of the company.

 Imperial Oil Ltd. (IMO): Imperial Oil in an integrated company that not only explores and produces crude oil and natural gas, but also is involved in the transportation, refining and distribution of end-stage products. IMO holds a 25 percent interest in Syncrude, which makes it the second largest holder in the partnership behind COSWF.PK. Imperial’s share of the production in the first quarter was 80 thousand barrels a day, versus 67 thousand barrels in the first quarter of 2010. Increased production was primarily the result of improved mining and upgrading reliability as well as lower planned maintenance activities. Imperial’s share of proven reserves for the Syncrude project is 800 million barrels. For 2010, the company’s total daily production of crude oil and natural gas liquids before royalties was 247,000 barrels. Imperial’s production from oil sands in 2010 totaled more than 217,000 barrels a day from the company’s wholly owned Cold Lake Project and its 25 percent share of Syncrude. Needless to say, IMO’s bottom line is heavily influence by the oil sands."


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