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 : Oil Sands and Related Stocks -- Ignore unavailable to you. Want to Upgrade?

To: Mac who wrote (11098)	7/6/2006 2:46:16 PM
From: Taikun	Respond to of 25575

Looks like the cost overruns of the projects turn into great numbers for service cos. One $5bn project becoming a $10bn project makes a lot of service companies happy! As far as I know, PF.V, GKX.V, HYD.V are among energy service jrs that havent reported yet. Know others? DAL.V was up the other day on acquisition news, but I dont think they've reported. I'm not sure about BGH.V Excerpt: TORONTO, July 5 (Reuters) - Shell Canada Ltd. (SHC.TO: Quote, Profile, Research) said on Wednesday its C$7.3 billion ($6.6 billion) Athabasca oil sands expansion in northern Alberta faced big expense overruns, and a partner said capital costs could be 50 percent more than anticipated last year. Western Oil Sands (WTO.TO: Quote, Profile, Research), which owns 20 percent in the project and made the overrun estimate, also said it now expects production to begin sometime in 2010. The fourth quarter of 2009 or the first quarter of 2010 had been targeted before. The last cost estimate, of C$7.3 billion, was provided by the project owners in August 2005, and 50 percent more than that could see costs top C$11 billion. Another update from the owners is expected at the end of July. today.reuters.com