Oil Sands and Related Stocks Message Board

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Gold/Mining/Energy : Oil Sands and Related Stocks

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To: rubbersoul who wrote (12562)	9/22/2006 11:29:27 AM
From: upanddown	Read Replies (3) of 25575

I don't understand how a drop to $60 oil would trigger this kind of decline in the oil sands stocks. I thought that oil sands operations were still extremely profitable with $60 oil. A lot of the current projects started with oil well under $60. Have costs escalated that much or is this just an expectation of further declines in oil prices? Has anyone seen any CURRENT projections for break-even prices for oil sands developments?

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