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Gold/Mining/Energy : Canadian REITS, Trusts & Dividend Stocks
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To: Seeker of Truth who wrote (7530)8/30/2004 11:22:51 AM
From: Tommaso  Read Replies (1) of 11633
 
I know it's a temporary situation, but something I read or heard in the last 24 hours suggested what an advantage it is to tar sands processors to have this divergence between oil and gas prices. I do hope that COS (or the syncrude project) might have the sense to hedge their gas needs for the next five years, but the probably won't. However, in the short run, profit margins on syncrude will be very high.
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