kipp440 I think Coxe was referring to the thought that the SEC was going to change the rules for reserves to allow energy companies to count tar sands reserves as ultra long life reserves. That change has been predicted for a while but hasn't happened. Coxe and others have said when that change happens, you will see a stampede of takeovers of tar sands owners. Most are Canadian based energy companies and while they are big, they are peanuts compared to the big energy companies like Exxon,etc.
Most big energy companies had declining reserves last year. If they buy a tar sands play with billions of barrels of tar sand crude, they could increase reserves and the increase would stick because the tar sands cannot be produced and therefore depleted very fast.
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