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Strategies & Market Trends : YEEHAW CANDIDATES -- Ignore unavailable to you. Want to Upgrade?

To: Galirayo who wrote (6661)	1/28/2005 12:14:07 AM
From: Gulo	Read Replies (3) \| Respond to of 23958

Actually, there is already more than a million barrels per day being piped out of the oil sands and that number is set to almost double every five years for the foreseeable future. More pipelines south are being built as fast as the projects can come online, but there still needs to be some planning around who can take all the additional heavy crude. The Chinese want pipelines to the west coast, the first of which is now in the planning stage, and they are looking to invest in production as well. The limiting factor to the growth rate is the availability of labor. It is hard to spend $5 billion/year. The announced projects already add up to more than US$50 billion, but much of it can't proceed until labor finishes current expansions. capp.ca capp.ca Note that the "reserves" are pegged at a bit less than Saudi Arabia's because no one is bothering to bring up more reservoir definitions to reserve status and because most of the calcs are based on ~$20 oil. The actual resource at $40 oil is probably more than a trillion barrels. That's right. Trillion. 3 or more Saudi Arabias. Most of my portfolio is related to the oil sands in some way (COS.UN, GKX, CNQ, CUQ) but they are all Canadian stocks, so I can't put them in the Yeehaw folio. Most of them qualify as YEEHAWs under any definition. -g

To: Galirayo who wrote (6661)	1/28/2005 10:05:02 AM
From: Chartgod	Read Replies (1) \| Respond to of 23958

OT..Ray, sad thing is...I found it 2 days ago on a scan...yet in too deep w/BPUR... MSTR