Clown-Free Zone... sorry, no clowns allowed Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Pastimes : Clown-Free Zone... sorry, no clowns allowed

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: sun-tzu who wrote (133040)	11/6/2001 12:39:43 PM
From: patron_anejo_por_favor	Read Replies (1) of 436258

If true, this part is a real eye-opener: Suncor's per-barrel extraction costs are down to $10.67 a barrel, thanks entirely to new technology and economies of scale. With $3.25 billion Canadian in new investment, costs could plunge still further - as low as $9 a barrel.That's on par with what it already costs America to tap dwindling resources of conventional crude. It's also well below the current cost of oil on the open market - at $21.85 as of this writing. And Suncor is prepared. In 1999, their oil-sands project produced 85,000 b/d in 1999. By the end of 2002, they expect to produce 225,000 to 250,000 b/d - or $5.5 million worth per day - even if oil prices don't rise a penny. Those per bbl extraction costs are AMAZING. I've always thought them to be in excess of $25. Of course, you've got to keep the tree-huggers at bay with oil shale operations, but it's definitely one to keep an eye on...the economics are a bit like large reserve, high cost of extraction gold stocks like DROOY...in that they've got a lot of leverage if another oil shock occurs.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next