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Gold/Mining/Energy : Oil Sands and Related Stocks
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To: Rocket Red who wrote (23482)2/19/2009 8:31:34 PM
From: Sea Otter  Read Replies (1) of 25575
 
Makes sense. Suncor (to cite one example) has a market cap of $18 billion. And it sits on a tremendous geopolitically stable reserve - situated right next to the world's biggest oil consumer.

Meanwhile (to cite another example) Exxon last year had a *profit* of $45 billion. And it's reserves are in steep decline with no real chance of reaching replacement.

Doesn't take much imagination to see that some of the majors might see a rare opportunity here.
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