Canada’s oil sands are regularly attacked by environmentalists, politicians and movie stars. But whether you like it or not, the 170 billion barrels of oil sands reserves can only be ignored at your own portfolio’s peril.
There’s a lot of money to be made from the oil sands. That’s because there’s a lot of money invested in the sector – $20 billion in 2012 according to CAPP forecasts, up from $19 billion in 2011.
Oil sands companies make a pretty healthy return with oil prices above $60 per barrel WTI. Forecasts are calling for WTI prices to average in the … Continue Reading