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 REITS, Trusts & Dividend Stocks -- Ignore unavailable to you. Want to Upgrade?

To: Tommaso who wrote (6278)	9/5/2003 10:38:09 AM
From: mark calgary	Read Replies (1) \| Respond to of 11633

Does everyone remember back a couple of weeks to the shut in of the Gas in NE Alberta? Which way do you think the pipelines from that production headed? That's right - the 2% of the provinces gas that they are trying to shut in is the gas that feeds the tar sands plants. Any reduction in the price of supply gas today will be more than compensated by the reduction in supply to those facilities. What makes more sense for those gas reserves is to drain off the gas and re-pressurize (sp?) with the CO2 produced by the plants as they process the bitumen. The only problem is the EUB wont allow the process to be tested ( one company has been waiting a couple of years I understand). Bottom line - There are factors other than the direct price of oil that will have an impact on the bottom line of the oil sands companies, and there are some more wrinkles to worry about. Mark