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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: Think4Yourself who wrote (160084)10/25/2008 8:10:56 PM
From: Sea OtterRead Replies (3) of 306849
 
The breakeven point for oil sands vary by project, but on average it's in the $70-$80 range. Of course that's higher than the current price, however this is short-term mitigated by the fact deliveries are mostly to contracts much higher than this. And long-term by the presumption that oil prices will bottom next year and begin to move up sharply.

Meanwhile SU, to cite one example, is profitable, with large stable assets, and a P/E of around $3. No doubt earnings are going to get whacked for another year, but methinks that's already factored into the price.
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