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Strategies & Market Trends : Maximum Investing
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To: Robert Scott who wrote (75)11/20/2002 8:23:22 AM
From: Howard Bennett  Read Replies (1) of 81
 
> wonder if it is cost effective to "mine" it.

I've e-mailed CNR's IR department with precisely that question.

What are the economics of the oil sands in the year 2002.

I'll post any answer I receive.

(I'm not long either of ECA or CED yet....waiting for a bullish chart pattern to evolve. Also, I read that ECA has hedged against short term fluctuations in Nat Gas and Crude Oil Prices, and I presume will continue to do so until prices stabilize.)

What type of envirnoment would be best for North American businesses this year? Stable Oil/nat Gas prices and Stable interest rates. The operative word here is stability.

Try doing a 5 year financial plan when these two key variables are in a constant state of flux. No wonder CEO's say they have low visibility going forward.
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