It looks as SOIGF may be the play on oil sands.....I saw alot of money come out Oil sand plays like CWPC, CNQ, ECA, IMO, NXY, PCZ, SU, COS-UN.TO(Canadian Oil Sands Trust), SHC.TO (Shell Canada), WTO.TO (Western Oil Sands Inc) and UTS.TO (UTS Energy Corp) over the last few market days..CHECK THE CHARTS FOR YOURSELF..I took profits on all of the US named companies from above last week except Strata Oil & Gas.....
Two other Canadian Oil Sands Stocks that look strong currently are HSE.TO (Husky Energy Inc) and PCA.TO(Petro-Canada)....
I'm still holding on to many of my US and Canadian Oil and Natural Gas Trust as well.....
So why Canadian Oil Sands over the major global conglomerates?
From Bill CARA..................Feb. 3rd 2006
The Western Canada oilsands contains approx. 175 billion proven recoverable barrels of oil, and the world presently consumes about 83 million barrels a day. This oilfield is one of the only ones in the non-OPEC producing countries that can expand its production. Over the next generation (20 years), I figure (without the data handy) that capital expenditure here will be at least one trillion dollars.
So as there are no major oil fields being discovered, and given that the infrastructure (pipelines and all) is protected from weather, civil strife, and so forth, this is a no-brainer. The only issue is that the oilfield is not drilled; it is mined. The costs are high. But as long as world oil prices are above $40, these companies will be very profitable.
$COSTAverageMAN again!!!!!
Other estimates suggest 315 billion barrells and 20 million Barrells per day of production.....The Pipe Lines are already in place....US and Canada have a decent relationship.....Canada is not an OPEC country and we haven't pissed them off.........YET
THIS is OPEC:
Algeria
Indonesia
Iran
Iraq
Kuwait
Libya
Nigeria
Qatar
Saudi Arabia
United Arab Emirates
Venezuela
WOW..... This is the list of countries our children are going to become slaves to, unless we either get our government and Detroit on board with some type of solution to this Oil ADDICITION.....CANADA has our answer and The Street knows this as well.....Over the last few years I have secured my retirement with triple and even quadruple digit returns in petroleum profits and for this I am thankful for this oil administration, but the reality is Gasoline is just .1875c a cup at $3 a gallon......Gasoline Finite.....Coffee.....Fresh Water.....Soda is not, but more expensive by the cup.......So where do you think Gasoline is going over the next 5 years.....
Add in another War in that region or Major refinery outages and you got a serious problem that will destroy middle class Americas Disposible Personal Income.......I lived through the Arab oil embargo of 1970's and it was not a good time to be an American.....I was a sales rep in the south traveling all over and thank god I had an efficient diesel engine Mercedes......You could still get diesel almost everywhere, but I saw chaos in the little towns I came accross.....Just a history lesson and we must learn from our mistakes....
QUOTE
The Shah of Iran told the New York Times in 1973. "Certainly! And how...; You [Western nations] increased the price of wheat you sell us by 300%, and the same for sugar and cement...; You buy our crude oil and sell it back to us, redefined as petrochemicals, at a hundred times the price you've paid to us...; It's only fair that, from now on, you should pay more for oil. Let's say ten times more."
Scary when men have that much power!!!!!!
$COSTAverageMAN
b and should create a buying oppurtunity around $1.20