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SU 2013 article on Oil Sands Production Growth:
http://seekingalpha.com/article/1730582-suncor-energy-q3-will-see-about-16-percent-yoy-oil-sands-production-growth
SU dividend fact sheet article:
http://seekingalpha.com/article/2089163-suncor-energy-inc-dividend-fact-sheet
SU Suncor Energy - how long have others owned this here??
I Have owned this now since August 2013.
Good dividend payer too, and upside, IMHO.
Technical data posted today:
Suncor Energy Inc.'s stock recorded a trading volume of 3.44 million shares, as compared with its three months average volume of 3.29 million shares. The stock ended the day at $35.92, down 0.61%, after vacillating between $35.66 and $36.36. Suncor Energy Inc.'s shares have gained 8.65% in the last one month and 2.48% on YTD basis, while the stock has declined 1.56% in the previous three trading sessions. The company's stock is trading above its 50-day and 200-day moving averages of $33.50 and $33.96, respectively. Moreover, shares of the company have an RSI of 68.15. Sign up today to read free research on SU at:
http://www.investor-edge.com/1195-SU-.pdf
SU Suncor Energy Inc. Analyst Notes
On March 31, 2014 Suncor Energy Inc.'s (Suncor Energy) stock closed 1.25% up, ending the trading session at $34.96, in line with the benchmark index NYSE Composite which gained 0.89% to close at 10,527.77. The stock opened at $34.70 and fluctuated in the range of $34.69 - $35.17. A total of 4.48 million shares were traded, which was significantly above the 30-day average trading volume of 2.84 million shares. Over the past 12 months, the stock has gained 16.49%, broadly in line with the NYSE Composite which returned 15.60% during the same time period. Suncor Energy is a Canadian integrated energy company focusing on developing oil sands. The full analyst notes on Suncor Energy Inc. are available to download free of charge at:
http://www.AnalystsReview.com/04032014/SU/report.pdf
Confidential Suncor documents have been released by Wikileaks
http://s3.documentcloud.org/documents/873021/33714-suncor-presentation-1210-6.pdf
Suncor approves $12.9B Fort Hills oil sands project with Total, Teck
Suncor (SU +0.8%) says it will proceed with the C$13.5B ($12.9B) Fort Hills oil sands project.
The venture with Total (TOT -0.7%) and Teck Resources (TCK -1.4%) will begin producing crude in 2017, adding 180K bbl/day of output in Alberta; SU’s share of the costs will be C$5.5B.
In its Q3 results, SU also cut its full-year production target to 545K-590K boe/day from an earlier outlook of 570K-620K because of disruptions in Libya, planned outages at Syncrude Canada and the sale of part of its natural gas business in western Canada.
Pretty much what I expected, on the production end they are plagued by Coker operation at Syncrude. (Suncor owns a portion of Syncrude's Upgrading facility) I worked at Syncrude for 22 years prior to getting into the commissioning world and the Cokers are were I worked,they push these units hard and they are prone to breakdowns. On the other hand Suncor benefits from the stable / increasing output from the SAGD players, especially from the Firebag facility.
The Fort Hills announcement was no surprise and the rumors have been flying for months that Total Energy had given Suncor the ultimatum of "Sh!_t or get off the pot". Suncor has done well to get the price for the project down below 14B.
How the Fort Hills announcement will affect share price is anyone's guess, but it is obvious that the books will change as the money starts to flow into the construction of the facility.
Startup of Fort Hills is slated for 2017 so there will be a drain in the next few years, which will last until Fort Hills is brought on line.
Looking forward to your feedback.
The earnings and forward looking statements tomorrow will be interesting.
Suncor has grown its dividend by a compounded rate of 21.4% in the last 5 years. Also, it spent over 2 billions in buybacks in the last two years. The company still has a $1.8 billion share buyback program that could purchase up to 49 million shares (around 3.2% of shares outstanding).
Suncor raised its quarterly dividend by 54% from $0.13 per quarter to $0.20 in April. The dividend could be raised by 5-10% ($0.01-0.02 per quarter) again in April,2014 when the company re-visits its payout policy. With annual cash flow from operations at $10 billion and capital expenditures at $7 billion, there is about $3 billion of free cash flow, which only $1.2 billion per year is committed to the current dividend. Thus, investors should expect further dividend growth in the years ahead.
It's hard to have the best of both worlds, but Suncor Energy (SU) offers an attractive 2.1% dividend and a 7% production growth for its investors.
The stock is trading at 11.4X 2014 earnings and 4.9X EV/EBTIDA, which is low compared to other large oil and gas producers. The author sees a 13.5% upside for the stock in the next 12 month.
Announcement on Fort Hills and all other things Suncor will be on Oct 31st @ 7:30am when they do their 3rd Quarter report to shareholders:
You can listen @
http://www.suncor.com/en/investor/434.aspx#
I was the commissioning coordinator during the Firebag 3&4 projects. The last well pad that came on line is the biggest in Alberta if not the world, this pad's reservoir will start to approach maturity in the next few months. I left Firebag last summer for a new contract but I can say that they have 1 more well pad that sould be coming online within the next 3 - 6 months.
Also "rumour" has it that the Fort Hills project will be sanctioned later this month, if this is true Suncor & Total Energy will start construction in earnest on this 14 Billion project.
Suncor reported September oil sands production of 365mbbl/d. This is down 15.7% over August levels, and down 2.1% YoY.
Production levels were affected by planned maintenance on U2 upgrader units, which took place through most of the month.
I consider this to be a solid result, as we had expected maintenance to play a bigger part in September production. YTD production has averaged 344mbbl/d, while 2013 oil sands production guidance is 350-380mbbl/d.
Suncor only has to produce at an average rate of 370mbbl/d through 4Q13 to make the low end of guidance, which we see as very achievable given increasing volumes from Firebag 4.
Q2 Highlights
By the end of 2014 Suncor expects to be in a position to ship over 600,000 barrels per day
http://www.earningsimpact.com/Transcript/82522/SU/Q2-2013-Earnings-Call
I have had a couple shares in this company for years. Whats the out look if the Keystone Pipeline gets up and running. Will this help SU or will nothing really change?
One new well pad has been drilled and another wellpad is being drilled right now, well pads consist of multiple well pairs. these 2 pads would add approx 30 new producers. I don't see these coming online until later in 2013, but production will increase from Firebag over the coming months anyways. This is because the pads that were recently commissioned will slowly start to produce more oil as the underground resivior matures. Look for more record numbers from the Suncor Insitu division in the coming quarters..... barring any major process upsets or mechanical failures.
How many more wells do you perdict?
The wells coming online is a bonus thanks
For update
Here are the highlights from the third quarter:
Suncor had operating earnings of $1.303 billion. This works out to $0.85 per common share. This compares favorably to the $1.258 billion that Suncor reported in the previous quarter. This does represent a decrease from the prior-year quarter, however.
Suncor reported net earnings of $1.555 billion, representing a massive increase of 367% over the preceding quarter. It also compares favorably to the $1.287 billion of net earnings that Suncor recorded in the prior-year quarter.
Cash flow from operations set a new record of $2.74 billion. This represents a 16.9% increase over the second quarter and compares favorably to the $2.721 billion that Suncor brought in during the prior-year quarter.
Suncor had record oil sands production of 378,900 barrels per day. The company had total production of 535,300 barrels per day.
[EDIT] Sorry double posted some how....
Capital spending has been reduced for the coming year and I see that as a good thing, Suncor had too many major expansion projects on the books and they needed to slow it down.
- Fort Hills joint venture with Total is still a go but the schedule has been "slowed" down for 2013
- Voyaguer has more of less been shelved for 2013, but due to a short fall in storage capacity the tank farm section of this project is still a go for 2013.
- Suncor Firebag project is completed but the production numbers will continue to rise over the next 6 to 10 months. Two very large well pads have been brought online recently, this means that steam is being pushed into the ground but the resevior has not matured. In the coming months a continuous increase in production will be seen from Firebag as these well pads start to produce more oil.
The drop in capital expenditures and the increase in production should make Suncor's numbers look pretty good in the next 2 quarters.
Thanks for the feedback. What do you think for 2013 here?
The Firebag numbers will rise a lot more by next quarter.
At the time of this report one new wellpad was just starting to see oil returns from the reservior and production is slowly rising each day from this pad. Also the largest wellpad of the 5 that have been commissioned in last 2 years at Firebag, has started steaming and we should see oil returns in the next few weeks. Both of these pads will mature over the next 6 months and production from Firebag InSitu will see a significant step change in produced fluids.
KB
3rd quarter highlights:
-- Operating earnings of $1.303 billion ($0.85 per common share) and net earnings of $1.555 billion ($1.01 per common share).
-- Record quarterly cash flow from operations of $2.740 billion ($1.78 per common share) despite planned maintenance at Oil Sands and offshore assets.
-- Record average Oil Sands segment production of 378,900 barrels per day (bbls/d). Total average production of 535,300 barrels of oil equivalent per day (boe/d).
-- Oil Sands cash operating costs of $33.35 per barrel (excluding
Syncrude).
-- Excellent progress at Firebag, highlighted by Stage 3 central processing facilities reaching design capacity and Stage 4 expecting first oil ahead of schedule and costs to be under budget.
-- Outlook for 2012 capital expenditures reduced by $850 million to $6.650 billion.
Suncor is up 15.90% since my recommendation in December of 2011 to buy the stock. The company is trading 18% below its 52-week high and has 5% upside based on the consensus mean target price of $41.96 for the company. Suncor was trading Monday for $33.02, down over 1% for the day.
Fundamentally, Suncor has several positives. Suncor is trading 1.27 times book value. Suncor has a net profit margin of 11.02% and a forward P/E of 10.48. The stock trades for 15 times free cash flow.
Technically, the stock has been in a well-defined uptrend and has achieved the coveted golden cross recently. The stock is trading just above the 50-day sma. The technical signs are bullish. The stock is a buy.
Suncor wants to buy back shares ... Just heard it on the radio this morning !!
Glad to be on board NYBob. Big fan of Suncor and their activities in resource basins in Canada's Athabasca oil sands up North. Been following closely holdings by big firms.
Mega funds together added a net 21.36 million shares in Q1 to their 358.68 million share prior quarter position in the company, and taken together mega funds held $11.00 billion or 24.4% of the outstanding shares.
The top buyer was mutual fund powerhouse Fidelity Investments, with $555 billion in 13-F assets, that purchased 20.93 million shares. Other large mega fund purchasers included AllianceBernstein (3.34 million shares), with $99 billion in 13-F assets, and the world's largest and most prominent asset manager, Blackrock Inc. (2.33 million shares), with over $3.5 trillion in assets under management.
In its latest Q1 (March), SU beat analyst earnings estimates (85c v/s 84c). Its shares trade at 8-9 forward P/E and 1.1 P/B compared to averages of 7.2 and 1.7 for its peers in the integrated oil & gas group, while earnings are projected to fall from $3.53 in 2011 to $3.35 in 2013.
Jett Rink welcome Suncor
good to se you @ SU
thanks for good info -
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=77643558
Suncor Energy Inc. (SU)
30.34 ? 0.44 (1.47%)
Volume: 5,647,295 @ 4:42:07 PM ET
Bid Ask Day's Range
- - 30.11 - 30.63
SU Detailed Quote Wiki
management performance often repeat itself -
Suncor Energy releases 2012 Report on Sustainability
Jul 18, 2012 11:15:00 AM
CALGARY, ALBERTA--(Marketwire - July 18, 2012) -
Editor's Note: There is a video and a photo associated with this release
Suncor Energy announced today the release of its 2012 Report on Sustainability - a comprehensive review of the company's environment, social and economic performance for the year. The report, themed "Perspectives: Creating our energy future together," outlines the issues and trends we face as a company and in our industry, as well as what we're doing and where we're headed.
"At Suncor, we've always seen this report as more than just a corporate document; our hope is that it can also stimulate constructive dialogue on the challenges associated with energy development," said Steve Williams, president and CEO. "The genius of sustainable development is that it forces everyone to consider energy challenges and opportunities from multiple perspectives."
The report outlines Suncor's four environmental performance goals and updates the company's progress on achieving them.
Suncor's Goals:
-- Reduce fresh water consumption by 12% by 2015
-- Increase reclamation of disturbed land area by 100% by 2015
-- Improve energy efficiency by 10% by 2015
-- Reduce air emissions by 10% by 2015
All of the proposed reductions are absolute, except for energy efficiency which is intensity-based. The base year for the planned improvements is 2007.
Highlights from the 2012 report include:
-- Progress in reducing fresh water demand at our oil sands mining operations: Suncor's gross fresh water withdrawal from the Athabasca River has declined by 50% since 2004.(i) Water withdrawal is below 1998 levels, even though bitumen production has nearly tripled.
-- Improvements in how Suncor manages tailings: Suncor is targeting a 100% increase in land area reclaimed by 2015.(ii)
-- Momentum on reducing greenhouse gas (GHG) emissions: Suncor's climate change action plan has contributed to a 53% decrease in GHG emissions intensity at our oil sands operation from 1990 levels.(i)
-- Steady investment in communities in which we operate: Suncor and the Suncor Energy Foundation (SEF) launched a bold new approach to investing in communities in 2011. Since 1998, Suncor and the SEF have invested $130 million in communities where we live and work.
-- Significant contribution to the economy: Suncor spent $10.9 billion(iii) on goods and services in 2011, with vendors in all 10 Canadian provinces as well as the Northwest Territories and Yukon.
Additional Quotes:
"We all basically want the same things - to build a strong society with vibrant communities, a healthy environment and educational and job opportunities for our kids. When it comes to our shared energy future, we need to get beyond our differences to what unites us. We need to build bridges rather than walls."
- Gord Lambert, vice president, Sustainability
"We need to move beyond seeing climate change simply as an environmental issue; it's about transforming an energy system that links us all. The challenges are complex, but the good news is that progress is possible."
- Fiona Jones, director, Energy and Climate Change Policy
Table of Contents:
About Suncor:
-- What Guides Us
-- CEO's Message
-- Performance Goals & Progress
Environment:
-- Renewable Energy
-- Air
-- Water
-- Land and Biodiversity
-- Oil Sands Tailings
-- Climate Change
Social
-- Safety, Health and Security
-- Social Responsibility
-- Community Investment
Economic
-- Contribution to the Economy
Performance Measures
Suncor created the 2012 Report on Sustainability using the Global Reporting Initiative (GRI) GR3 guidelines to the GRI A+ reporting level - an internationally recognized standard in sustainability reporting. As in previous years, Suncor enlisted the guidance of Ceres, a network of investors, labour, environmentalists and other public interest groups in developing the report.
The web-based report, which includes articles, photos, data tables, charts and graphs, as well as a summary PDF document and a video featuring Suncor stakeholders, partners and employees, is now available at www.suncor.com/sustainability. Readers are encouraged to submit feedback on the report by visiting the website or emailing info@suncor.com. A printed magazine-style 2012 Summary Report on Sustainability will be mailed to stakeholders in late July.
(i) As at December 31, 2011
(ii) Reclaimed lands have not been certified as such by government regulators. For further details on what we mean by reclaimed, please see below.
(iii) Excludes spend on goods and services in Libya and Syria
This news release contains certain forward-looking statements and other information based on Suncor's current expectations, estimates, projections and assumptions that were made by the company in light of its experience and its perception of historical trends, including: expectations and assumptions concerning the accuracy of reserves and resources estimates; commodity prices and interest and foreign exchange rates; capital efficiencies and cost savings; applicable royalty rates and tax laws; future production rates; the sufficiency of budgeted capital expenditures in carrying out planned activities; the availability and cost of labour and services; and the receipt, in a timely manner, of regulatory and third-party approvals. All statements and other information that address expectations or projections about the future, and other statements and information about Suncor's strategy for growth, expected and future expenditures, commodity prices, costs, schedules, production volumes, operating and financial results and expected impact of future commitments are forward-looking statements. Some of the forward-looking statements and information may be identified by words like "expects", "guidance", "anticipated", "estimated", "plans", "scheduled", "belief", "projects", "could", "outlook", "target", "objective", and similar expressions. Forward-looking statements in this news release include references to Suncor's environmental goals, including reducing fresh water consumption, increasing reclamation, improving energy efficiency and reducing air emissions.
Forward-looking statements and information are not guarantees of future performance and involve a number of risks and uncertainties, some that are similar to other oil and gas companies and some that are unique to Suncor. Suncor's actual results may differ materially from those expressed or implied by its forward-looking statements, so readers are cautioned not to place undue reliance on them.
Suncor's Management's Discussion and Analysis dated April 30, 2012, Annual Information Form/Form 40-F dated March 1, 2012, Annual Report to Shareholders and other documents it files from time to time with securities regulatory authorities describe the risks, uncertainties, material assumptions and other factors that could influence actual results and such factors are incorporated herein by reference. Copies of these documents are available without charge from Suncor at 150 6th Avenue S.W., Calgary, Alberta T2P 3E3, by calling 1-800-558-9071, or by email request to info@suncor.com or by referring to the company's profile on SEDAR at www.sedar.com or EDGAR at www.sec.gov. Except as required by applicable securities laws, Suncor disclaims any intention or obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
Reclamation at Suncor is a carefully monitored process with two distinct components: (i) transformation of the area, including tailings ponds, into a solid material that can support vegetation, wildlife and landscape restoration, which includes landform design and oil placement; and (ii) re-vegetation in a way that the reclaimed landscape can support vegetation and wildlife as a self-sustaining ecosystem. When Suncor claims that it has reclaimed land or plans to reclaim land, the reclaimed land will have met or is intended to meet the two distinct components identified in this paragraph.
Suncor Energy is Canada's premier integrated energy company. Suncor's operations include oil sands development and upgrading, conventional and offshore oil and gas production, petroleum refining, and product marketing under the Petro-Canada brand. While working to responsibly develop petroleum resources, Suncor is also developing a growing renewable energy portfolio. Suncor's common shares (symbol: SU) are listed on the Toronto and New York stock exchanges.
For more information about Suncor Energy please visit our web site at www.suncor.com or follow us on Twitter @SuncorEnergy.
To view the "2012 Report on Sustainability Video" video associated with this release, please visit the following link:
Thank you Larry its a great link -
http://www.wwfn.com/commentary/oscharts.html
" Got this Helpful Link, Bob ? ~~ 'n Good Morning .. !! . >>
http://www.wwfn.com/commentary/oscharts.html
Suncor Energy Inc. (SU)
32.12 ? -0.14 (-0.43%)
Volume: 4,463,642 @ 6:19:09 PM ET
Bid Ask Day's Range
31.35 32.08 31.9 - 32.33
SU Detailed Quote Wiki
http://www.wwfn.com/commentary/oscharts.html
Suncor Energy Inc. (SU)
30.58 ? 0.36 (1.19%)
Volume: 4,875,920 @ 3:33:17 PM ET
Bid Ask Day's Range
30.58 30.59 30.5198 - 31.45
SU Detailed Quote Wiki
Nice call on the bottom it rebounded nicely with oil prices. This becomes more attractive the higher the prices and as DD pointed out with new government things are likely to continue getting better.
Summary:
Suncor Energy Inc. (SU) is an integrated energy company involved in the development of petroleum resource basins in Canada, transportation and refining of petroleum and petrochemical products in Canada and marketing of crude oil and natural gas in Canada and internationally.
Financial highlights:
Due to its integrated structure, SU’s financial performance is directly tied to international oil prices and this has reflected in its profitability performance during the last three years when after a significant 37% drop in its 2009 earnings over 2008, SU roared its way back with the highest every profit of $ 3.6 billion in its entire history, a colossal 228% ascent (on YoY basis). And the story doesn’t end here as the company is expected to come out with yet another bumper year in 2011 i.e. an EPS growth of 82% along with a 15% growth in 2012.
In light of these expectations, the year-to-date drop of 14% in the stock's price has only polished its potential as SU is not only trading at a 27% discount in terms of price-to-earnings ratio to its closest competitor, Imperial Oil Limited (IMO), it is also trading at a steep 44% to the industry and this is in addition to a 1.4% dividend yield.
Buy SU now!!! This company is the lowest it's been in 2 years the only other time they have been this low in the last 5 years was during the begining of 2008. This company has huge potential to grow. I'm not sure if phases 4 and 5 are up and running yet at firebag. The sites these guys run are huge. I've always made money off of this stock. This is also the time of year they are beginning shut downs. They should have already started. This company had 6 phases of the build at firebag already paid for in 2008 and they have been building on it since. They just finished phase 3 when I was laid off back in 2008. Don't sell these guys short. They should be done with Phase 4 or 5 now. They also bought out petro canada in 2008. Everywhere you go in canada there are petro canada gas stations. While you wait for these guys to hit $50 per share they do pay dividends quarterly. It's a great mid to long term investment. These oil companies of these sizes are bully's they will drive there prices back up because they want to make there money too and they will make it happen. Just give them a little time.
Canada's new government is good news for oilsands investors: #msg-62856389.
SU is a good play for high oil.
SU w/ limited risk. Sounds good to me!
Suncor Energy Inc. (SU)
46.65 ? 1.5 (3.32%)
Volume: 8,089,267 @ 7:17:00 PM ET
Bid Ask Day's Range
46.65 47.8 45.63 - 46.84
SU Detailed Quote
Looks like you might be right...
In comparison there isn't much to say, one is high spec and the other high growth. I am watching NTRO for new developments but see SU as a long term cash cow.
SU Before the bell will be up! Oil & Gas continue to climb on 3 U.S. War Fronts!!
http://twitter.com/albertaoilsands
http://twitter.com/canadapetro
http://twitter.com/oiljobs
Energy & Oil Prices
OIL ($/bbl)
PRICE* CHANGE % CHANGE TIME
Nymex Crude Future 105.08 0.11 0.10% 07:59
Dated Brent Spot 115.19 -0.64 -0.56% 08:09
WTI Cushing Spot 104.00 1.67 1.63% 03/22
OIL (¢/gal)
PRICE* CHANGE % CHANGE TIME
Nymex Heating Oil Future 308.00 0.38 0.12% 07:59
Nymex RBOB Gasoline Future 301.49 1.04 0.35% 07:59
NATURAL GAS ($/MMBtu)
PRICE* CHANGE % CHANGE TIME
Nymex Henry Hub Future 4.29 0.04 0.92% 07:58
Henry Hub Spot 4.05 0.06 1.50% 03/22
New York City Gate Spot 4.46 0.15 3.48% 03/22
SU gained 4.50% on 03/17/11.
SU is trading in the range of $40.01 - $48.53 in the past 30 days.
Commodity Channel Index (CCI) is bullish for SU.
SU formed a bullish Gap Up signal.
Money Flow Index (MFI) is bullish and moving up for SU.
SU formed a bullish Price & Exponential Moving Average Crossover signal.
The 10-day simple moving average is bearish and moving down for SU.
Average volume increase over 5% for SU.
Stock performance base on day of week in the past 90 days.
Monday: 4.43%
Tuesday: -0.90%
Wednesday: 14.87%
Thursday: -2.77%
Friday: 6.96%
U.S. gasoline prices increased nearly 33 cents in a two-week period, the second-biggest price jump in the history of the gasoline market, according to a survey of stations.
http://twitter.com/canadapetro
http://twitter.com/bakkenshale
http://twitter.com/oilrigjobs
http://fortmcmurraysands.com
For those who don’t have access to barrons.com, the full text of the article is in #msg-59847334. Regards, Dew
No Matter What Happens In Egypt,Oil Will Hit $300.00 A Barrel/Barrons
http://online.barrons.com/article/SB50001424052970204098404576130370708044708.html?mod=rss_barrons_most_emailed_day#articleTabs_panel_article%3D1%26articleTabs%3Darticle
http://fortmcmurraysands.com
http://www.oilsandsquest.com
Canadian Sands which makes it possible to produce
2.5 million barrels of oil per day
for over 200 years
there are an estimated 2.5 trillion barrels of bitumen
Oil Pipeline & Rig Jobs:
The Obama Administration is seeking to hiring over 300,000
workers from the American Power Act mostly to work in
the oil / transportation hub of Fort Mc Murray Sands,
Alberta Canada
http://www.oilsandsquest.com/our_projects/index.html
Suncor Energy Inc. (SU) fiat$45.51 UP $0.61 +1.36%
Volume: 14,327,267 @ 6:07:04 PM ET
Bid Ask Day's Range
45.51 45.6 45.04 - 46.93
SU Detailed Quote
e.g.,
Oilsands Quest Commo (BQI) fiat$0.57 UP $0.0482 +9.24%
Volume: 5,564,669 @ 4:16:27 PM ET Strong Demand
Bid Ask Day's Range
0.5521 0.58 0.54 - 0.5882
BQI Detailed Quote
bqi lots of oil in canada http://fortmcmurraysands.com
AmericanPowerAct.org | ObamaStimulusPlans.com
chinaneodymium' on 'Oilsands Quest Inc (BQI
thanks great info
http://investorshub.advfn.com/boards/board.aspx?board_id=6668
SU Suncor Energy has huge reserves http://fortmcmurraysands.com
Oilsands may be sitting on a huge discovery—in Saskatchewan.
e.g.,
BQI estimated Axe Lake has a total potential
bitumen resource of 2.5 billion barrels.
http://www.ucalgary.ca/news/uofcpublications/umagazine/fall2007/raven
the company recently estimated Axe Lake has a total potential
bitumen resource of 2.5 billion barrels.
As the first player in the market, Oilsands Quest has the
opportunity to shape an industry in Saskatchewan that might
have Alberta green with envy—for the environmental initiatives
the company hopes to implement.
New Corporate Presentation-
Very Impressive!
SAGD Development-
http://www.oilsandsquest.com/pdf/TD%20London%20Conference%202011%20Presentation%20FINAL.pdf
btw. Axe Lake is a small part of BQI oil sand land res. -
BQI oil is needed for North America -
BQI should not be sold to China for fiat peanuts! -
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OT.
AMERICA'S PEOPLE BEWARE:
The BP Deepwater Horizon Disaster: Blowout: Is Canada Next?
http://www.globalresearch.ca/index.php?context=va&aid=22608
On April 20, 2010, BP's Deepwater Horizon rig exploded unleashing
5 million barrels of oil into the Gulf of Mexico.
It has been nothing short of catastrophic, causing extensive
damage to marine and wildlife habitat, as well as to the Gulf's
fishing and tourism industries.
In May 2010, Chevron began drilling Canada's deepest well off
the coast of Newfoundland, begging the question:
Could an oil spill of the same magnitude happen in Canada?
Blowout: Is Canada Next? , is a documentary that tracks the
aftermath of the worst oil spill in U.S. history, and transposes
the oil spill to Canada's Grand Banks.
By documenting the latest scientific findings in the Gulf, Blowout:
Is Canada Next? builds a picture of what an offshore drilling
disaster would look like on Canada's East coast.
Just weeks after the Deepwater Horizon blowout in the Gulf,
Chevron began drilling Canada's deepest oil exploration well
off the coast of Newfoundland.
Located 430 km from shore, the Chevron well is twice as deep
as BP's Deepwater Horizon well, six times further out to sea,
and in much rougher seas.
In the event of a blowout, it would take 11 days for emergency
response ships to even reach the spill.
An oil blowout off the coast of Newfoundland would decimate
the world's last remaining Atlantic cod fishery, along with
several species of whales, seals, turtles, coral habitats and
seabirds that feed in the basin.
These rich and fertile seas are the backbone to Newfoundland's
tourism industry.
An oil spill would create dead zones within the ocean and
potentially devastate this economic mainstay that brings in
over 1 billion tourist dollars annually.
Canada has entered the race to drill oil in deeper and deeper
waters, but safety procedures and cleanup techniques have not
kept pace with the petrochemical industry's pursuit of oil.
Is it only a matter of time before an oil catastrophe happens
in Canada?
Blowout: Is Canada Next? is produced by Up Front Entertainment
and directed by Nadine Pequeneza.
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SUNCOR WEBSITE ~~~~~~~~~~~~~~~~~~~~ http://www.suncor.com/default.aspx
SUNCOR NEWS ~~~~~~~~~~~~~~~http://www.suncor.com/en/newsroom/404.aspx
Suncor Mining Truck
About SUNCOR
In 1967, we pioneered commercial development of the oil sands. Since then, Suncor has grown to become a major North American energy producer and marketer with a team of close to 6,500 employees.
While we work to responsibly develop hydrocarbon resources, Suncor is also investing in clean, renewable energy sources.
DISCLAIMER
Nothing in the contents transmitted on this board should be construed as an investment advisory, nor should it be used to make investment decisions. There is no express or implied solicitation to buy or sell securities. The author(s) may have positions in the stocks discussed and may trade in the stocks mentioned. Readers are advised to conduct their own due diligence prior to considering buying or selling any stock. All information should be considered for information purposes only. No stock exchange has approved or disapproved of the informationVolume | |
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