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"
Thursday, October 16, 2008
By Duncan Sutherland – Exclusive to Heavy Oil Investing News Canada: Upgrader is going up later than usual this week because of the Canadian Federal Election and the American Presidential debate. Now that these two events are a matter of record, there is much good news for the heavy oil and oil sands industries. First, [...]
Continue reading "Upgrader: elections special"
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"
Tuesday, September 2, 2008
Oil futures dropped to more than $7 a barrel on Tuesday after Hurricane Gustav hit the Gulf region with less force and apparently less damage than initially estimated. Cathy Landry, a spokeswoman for the American Petroleum Institute said: We’re still in assessment mode, but so far, things are looking good. For more information, click here
Continue reading "Oil prices drops to more than $7"
Monday, July 21, 2008
By Duncan Sutherland- Exclusive to Heavy Oil Investing News The big story of the week is oil’s retreat. The NYMEX crude prices fell just over fifteen dollars through the week. The chief driver of the slide was a worrisome economic outlook for the United States. Indications began to appear that strong supply and depressed demand [...]
Continue reading "Upgrader – July 21, 2008"
Monday, July 21, 2008
Michael Smedley of Candian General investments has characterized the soaring oil prices as “financially engineered” and hinted at heavy decline in oil prices. He was also quoted as saying: The oil companies are also facing rising costs and the heavy oil industry has to deal with emission and environmental issues as well as political risks [...]
Continue reading "Evidence of demand destruction for oil"
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Thursday, November 6, 2008