The Cardium formation has billions of barrels of recoverable oil and is considered a repeatable, low risk light oil play. It has its origins in the early 1950’s with the discovery of the giant Pembina field in west central Alberta. Since 2008, more than 1,400 horizontal oil wells have been drilled or licensed into this formation. Cardium oil production is expected to surpass the 80,000 bbl/d of oil in 2012 thanks to the advent of horizontal drilling and completion technology. This article will provide an overview on 5 Canadian oil stocks that are well positioned in Alberta’s Cardium resource play. … Continue Reading
Canadian Pipeline & Midstream Stocks
Canadian energy infrastructure companies provide a range of gathering, transportation, processing, fractionation, storage and marketing services to the oil and gas industry. In general they are not engaged in exploration and production, they earn fees for the services they provide without taking ownership of the physical commodities they transport and store. They focus on providing essential services to producers by giving them access to markets across North America.
Potential Benefits of Investing in Energy Infrastructure Companies
Canadian pipeline and midstream stocks:
Ticker & … Continue Reading