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Gold/Mining/Energy : Exxon Mobil (XOM)

XOM 114.36

-0.3%

Oct 31 9:30 AM EDT

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From: Jon Koplik	3/19/2022 11:32:10 PM
	of 585

WSJ -- interesting point : oil sands investment vs. conventional oil investment ..................... This is an excerpt from : wsj.com (The rest of the article did not really add much to what I have below.) ------------------------------------------------------- HEARD ON THE STREET March 18, 2022 Canadian Oil Sands: Buried Treasures Surging oil prices are set to generate a much higher boost to Canadian oil companies’ cash flow than U.S. peers <<<<< There are two factors driving this dynamic: First, oil sands require hefty investment upfront but output holds steady for decades with relatively modest maintenance capital expenditures. The opposite is true for shale deposits, which take less upfront spending but, due to quick decline rates, require continuous investment into drilling and well completion to keep oil flowing. Capital expenditures have stayed relatively consistent for Canadian oil producers over the years -- through boom and bust cycles -- compared with U.S. producers, whose spending has fluctuated wildly. >>>>> Jon. . . .

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