Oil sands break even = $40/barrel, double digit returns = high 40's-50 range

[Kassz007]

http://www.reuters.com/article/marketsNews/idAFN0133604420090401?rpc=44

I post this because I've read past discussions on this board suggesting oil prices need to be much higher for oil sands to be profitable.

Jump on this train QUICKLY if oil prices remain stable.

 

[auspiv]

oil from oil sands and oil shale has been "just above breakeven" for close to 30 years now, no matter how much oil costs.

 

[Debaser82]

Quote from auspiv:

oil from oil sands and oil shale has been "just above breakeven" for close to 30 years now, no matter how much oil costs.

Néééh,

I own some COS and they cut their dividend 90% summer to spring so they did make profit with oil at 150$ surely.

 

[Kassz007]

Quote from auspiv:

oil from oil sands and oil shale has been "just above breakeven" for close to 30 years now, no matter how much oil costs.

Maybe so, but I think Q2 earnings from oil sanders will prove the article to be truthful.

The article also mentions starting back up the new oil sands projects at these levels which is nothing but good news for the industry.