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 [...]
Nautical Petroleum said although heavy oil was more expensive to produce than conventional resources, the company is not much concerned about falling oil prices. Steve Jenkins, chief executive, Nautical Petroleum said: Nautical’s progress over the past 12 months has resulted in the creation of a solid asset platform from which production and revenue are now [...]
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 [...]
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 [...]
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 [...]
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) [...]
The strong rise in world oil prices is supporting autocratic governments in petroleum rich nations, encouraging them to challenge objectives of US and weakening their own democratic movements. For full information, click on this link
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 [...]
Oil prices continued to be volatile and rebounded in Asian markets after three days of continuous decline in New York. For full details, click here
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