Is it an odd time to invest in oil wells?
With the price of crude mired at half the peak of $147 it reached in July, this may seem like an odd time to invest in oil wells. For full story, click here
Articles Tagged "investment"
Upgrader:Harper’s gambit
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 [...]
Financial Turmoil hits global investment
The growing financial crisis and plunging energy prices have forced oil companies to scale back spending and delay projects, with projects in the Canadian oil sands hardest hit. For full story, click here
Canadian oil sands and other oil projects require prices above $90
Experts asses that for acceptable ROI, Canadian oil sands and other oil projects require prices above $90 a barrel. EnCana recently said: It would focus on “capital preservation” to tide it through uncertain times, as it cancelled plans to spin off its oil sands business. That means drilling cutbacks, slower development of oil sands ventures, [...]
