Alberta-Based Oil Sands Companies Will Do Well

DAVID BEASLEY, Haywood Securities
"The price of oil is trying to break through $100 a barrel and OPEC has suggested we better get used to it. High oil prices have made more oil sands projects viable, but new royalties imposed by the Alberta government along with labor and energy costs associated with extraction are making things more challenging. In spite of these factors, oil sands investment remains strong and Alberta-based companies will likely continue to do well."(1/2/08)

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