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6 pts

Opinion on  Suncor Energy Inc (SU)     Sector: Energy  >  Industry: Oil & Gas - Integrated
Oil sands of Canada-an idea whose time has come

Feb 24, 2008 07:54 PM UTC
India_flag_background
Return Risk
-15.30% LOW
Sr. Associate

Fundamental Analysis  

An article on oil sands

http://www.fool.com/investing/general/2008/02/22/digging-into...

From the article
Canada, in whose oily sands Suncor Energy  (NYSE: SU ) , Canadian Natural Resources (NYSE: CNQ ) , and Marathon Oil (NYSE: MRO ) play, has an estimated 174 billion barrels in proven oil sands reserves, most of which are in Alberta. Its oil sands reserves alone place Canada second to only Saudi Arabia in terms of total oil reserves. And that's just the amount believed to be recoverable under current economic conditions, using current technology.

SU:  This call was made on 02/24/08 @ $48.4
Rating:   Positive   $48.4 (02/24/08)
Gain/Loss:   -49.42% in 319 days
Allocation:   0.5% of portfolio


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