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Strategies & Market Trends : Value Investing

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To: Paul Senior who wrote (45754)	12/2/2011 4:23:07 PM
From: E_K_S	1 Recommendation Read Replies (3) of 78472

Hi Paul - Suncor Energy Inc. (SU) Followed you in for a tracking position in Suncor. I watched the video link you posted and see the point Mr. Maxwell is making but he never said how much it costs the company to drill/recover the oil. Have you looked into this and if their costs are similar to some of the other large integrated Oil companies (eg. XOM)? I do like the idea that SU is like a "land bank" but for oil. His comparison to XOM has me thinking that maybe I should cosider selling some of my XOM and moving the proceeds into SU. Have you discovered any other Canadian and/or US oil companies that have as much recoverable oil per $100 ownership in SU. I believe his number for SU was they had $44.00 (out of $100) in recoverable oil. XOM was $8.00. I like $44 better than $8. EKS

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