Oil Sands Profits — Conrad and Sprott

Friday File look at an oil sands teaser and a potential unlocking of value at Sprott Resource

By Travis Johnson, Stock Gumshoe, October 28, 2011


The interest in the oil sands seems to be peaking lately — not just in a good way, but all around. We’re seeing protests about the proposed Keystone XL pipeline that would bring more Canadian oil south to the US Gulf refineries, we’re seeing renewed concern about environmental impacts, and we’re seeing great interest from Chinese investors and other folks who are interested in getting some energy security now that oil prices area again high … and important, high versus natural gas prices, which helps with oil sands margins (many of these operations, including the steam-assisted gravity drainage underground production, require copious amounts of natural gas to produce oil).

So a couple things have caught