Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Canadian Oil & Gas Companies -- Ignore unavailable to you. Want to Upgrade?

To: Alex who wrote (8421)	8/29/2001 2:02:25 PM
From: SofaSpud	Read Replies (1) \| Respond to of 24927

Probably Suncor -- the expectation this year is that, of their 134,000 b/d of oil, 130,000 will be from the oil sands. I doubt anyone has greater exposure than that.

To: Alex who wrote (8421)	8/29/2001 2:07:35 PM
From: marcos	Respond to of 24927

Suncor, su.to? ... or maybe Petrocan, pca.to ... but more likely su.to, if you mean expressed as a percentage of total production ... however these are guesses, Richard Saunders or stan hughes or a number of others here would know for sure ... i hold nominal Suncor long term, been trying to swing trade it as well but have missed my last couple of entry points, day late dollar short, you know how it goes .... fwiw, Kerm has consistently rated Petrocan above Suncor, i don't recall why .... here's su's last release on stockwatch - Globe says Suncor is where the oil is Suncor Energy Inc SU Shares issued 222,420,334 2001-08-21 close $41.4 Wednesday Aug 22 2001 In the News The Globe and Mail reports in its Wednesday, Aug. 22, edition that C.I. Fund Management Inc. fund manager Eric Bushell likes energy stocks leveraged to the oil sands ventures in Western Canada and energy services stocks related to offshore projects because "that is where the oil is." The Globe's Shirley Won writes in the Best Bets column that Mr. Bushell recently purchased Suncor Energy. The Calgary-based integrated oil company, which closed Tuesday at $41.40 (Canadian), hit a 52-week low of $29.40 (Canadian) last October and a 52-week high of $44.38 (Canadian) in March. Mr. Bushell says the catalyst is the fall startup of its massive oil sands expansion -- Project Millennium -- to double production to 215,000 barrels from 115,000 barrels a day and plans to double again by 2008. He says Suncor stock, which trades at six times estimated cash flow for 2002, could reach $50 (Canadian) over one year based on an oil price of $23 (U.S.). (c) Copyright 2001 Canjex Publishing Ltd. canada-stockwatch.com