By Duncan Sutherland – Exclusive to Heavy Oil Investing News Market news The short to medium term outlook for oil sands and heavy oil projects remains negative. As the barrel price for light sweet crude remains (relatively) low, new investments in oil sands projects are unlikely to be forthcoming. The combination of low prices and [...]
Continue reading "Upgrader:Harper’s gambit"
Tuesday, November 4, 2008
The oil producing country exports 900 mm to 960 million barrels of light and heavy oil from Kharg oil terminal annually. Mousa Souri, MD of Iran’s Oil Terminals Company, said: Heavy oil export of the country is more than the light one adding that based on the quota set by Opec, Iran exports 900million to 960million barrels [...]
Continue reading "Iran Exports 960 milion Barrels of heavy oil annually"
Wednesday, October 8, 2008
By Duncan Sutherland – Exclusive to Heavy Oil Investing News Market news As predicted, the combination of falling oil prices, demand destruction and tight credit is beginning to affect heavy oil and oil sands. Energy stocks and trusts are down, and the news marginalia suggests that companies have a bleak outlook for the future profitability [...]
Continue reading "Upgrader: Tight belts"
Thursday, October 2, 2008
By Duncan Sutherland – Exclusive to Heavy Oil Investing News Market News: Now this is not the end. It is not even the beginning of the end. But it is, perhaps, the end of the beginning. Apologies to Winston Churchill, but this quote is perhaps the best measure of the rocky state of the global financial [...]
Continue reading "Upgrader: The end of the beginning"
Thursday, September 18, 2008
By Duncan Sutherland – Exclusive to Heavy Oil Investing News Brass tacks In markets like these, it behooves investors, advisers, businesspeople and journalists to return to first principles. May I first offer a mea culpa for failing to forecast the precipitous decline in barrel prices? Sorry. Getting down to brass tacks, the economic fundamentals of [...]
Continue reading "Upgrader: Brass Tacks"
Friday, September 12, 2008
By Duncan Sutherland – Exclusive to Heavy Oil Investing News Market news Ouch! For our Canadian investors in commodities, times have certainly been better. The TSX has been dragged downward by mining and energy concerns this week, and investors are understandably worried. Some see it as a natural part of a cycle, others as a [...]
Continue reading "Upgrader:Canadian election in focus"
Thursday, September 4, 2008
By Duncan Sutherland – Exclusive to Heavy Oil Investing News Market News As most of you know by now, the barrel price for oil has dropped pr ecipitously in the wake of Gustav’s fairly uneventful passage through the Gulf of Mexico. The drop in prices has weighed down the energy-heavy TSX indexes, energy companies and [...]
Continue reading "Upgrader: September 3"
Thursday, August 14, 2008
By Duncan Sutherland – Exclusive to Heavy Oil Investing News Welcome back to the Upgrader. More Q 2 results were announced this week. The record heavy oil prices of the quarter have been kind to most, thought profits in refining operations have been hindered. Calgary’s Baytex Energy Trust (NYSE:BTE) was boosted by $125 million (CDN) [...]
Continue reading "Upgrader: August 14"
Wednesday, August 6, 2008
By Duncan Sutherland- Exclusive to Heavy Oil Investing News Senator and Presidential candidate Barack Obama has announced that his administration would release light crude oil from the nation’s Strategic Petroleum Reserve and restock the inventory with heavy crude. Many have criticized the US government for continuing to stock the reserve with oil prices so high, [...]
Continue reading "Upgrader: August 6"
Friday, August 1, 2008
The production from the Alberta Oil Sands, that were once called “unconventional” oil that couldn’t be produced economically, has reached 1 million barrels a day, and it has vaulted Canada, our friendly and dependable neighbor, to America’s top oil supplier. For full news, click here
Continue reading "Canada’s vast oil sands in sustaining the U.S. economy"
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Thursday, November 6, 2008