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Gold/Mining/Energy : Big Dog's Boom Boom Room -- Ignore unavailable to you. Want to Upgrade?

To: Glenn Petersen who wrote (175711)	1/12/2013 1:44:14 PM
From: Dennis Roth	1 Recommendation Respond to of 206184

Report Projects Oil Sands to Contribute Trillions to the Canadian Economy Posted on January 11, 2013 cicsnews.com A comprehensive report on the challenges and opportunities of Canada’s oil sands by auditing giant Deloitte projects that the hydrocarbon deposits will contribute an estimated $2.1 trillion to Canada’s GDP over the next 25 years. The economic benefits of the added wealth include up to $783 billion in extra tax revenues over the period, which will provide a significant boost to local, provincial and federal governments and help them meet the growing costs of providing social services to an ageing population. In addition to tax revenue, the export revenue generated from oil sands production will fund up to 905,000 jobs a year according to the Deloitte report. The report cites lack of pipeline infrastructure as a potential limiting factor in the growth of Canada’s energy exports, as oil production is expected to reach current pipeline capacity by 2017... ...The biggest challenge in the oil sands development according to the report is the poor public perception of the oil industry in Canada and the hyperbolic nature of the debate surrounding the potential environmental harm of oil pipelines...

To: Glenn Petersen who wrote (175711)	2/6/2013 12:50:17 PM
From: Brian Sullivan	Read Replies (2) \| Respond to of 206184

SU down 5.3 today. Suncor Energy Posts 4th-Quarter Loss on Voyageur Charge Suncor Energy Inc. (SU) said it had a fourth-quarter loss after recording a big impairment charge related to the Voyageur upgrader project at its oil-sands site in Fort McMurray, Alberta. The Calgary, Alberta-based energy company said it believes the economic outlook for Voyageur is "challenged" and that it and its partner in the project, Total E&P Canada, have been considering options for the project. They aim to make a formal decision on the future of Voyageur by the end of the first quarter, Suncor said. Suncor had a fourth-quarter loss of 562 million Canadian dollars ($564 million), or 37 Canadian cents a share, compared with a profit of C$1.43 billion, or 91 Canadian cents a year earlier. On an adjusted basis, which excludes the nearly C$1.5 billion impairment charge for Voyageur, Suncor earned C$1.00 billion, or 65 Canadian cents a share. That was below both the Thomson Reuters mean estimate for earnings of 76 Canadian cents and operating earnings of 91 Canadian cents a year earlier. It said the decline in operating earnings reflects lower average prices in oil sands and lower production from offshore assets completing planned maintenance. Suncor said oil-sands production averaged 342,800 barrels a day in the latest quarter, up from 326,500 barrels a day a year earlier, helped by the ramp up of production from the Firebag complex. For 2013, Suncor expects total production at 570,000-620,000 barrels of oil equivalent a day, including oil-sands production of 350,000-380,000 barrels a day.

To: Glenn Petersen who wrote (175711)	5/9/2013 11:02:40 AM
From: Dennis Roth	1 Recommendation Read Replies (1) \| Respond to of 206184

Enbridge. Inc. (ENB.TO) Gangbusters growth; Raising 2013 Estimates & Target Price to C$52 (from C$48) A. M. Kuske 08 May 2013, 13 pages doc.research-and-analytics.csfb.com Earnings review: Enbridge reported Q1 2013 headline diluted EPS of C$0.31 and an adjusted C$0.62. The adjusted figure exceeded our C$0.52 estimate and the Street's C$0.518 (C$0.48-C$0.57 range). Despite the beat, the 2013 annual guidance was affirmed at C$1.74-C$1.90. We continue to be very impressed with Enbridge's ongoing level of growing capital projects from the core asset base. For several reasons, we believe Enbridge faces a structural advantage with asset positioning and capital market access. Thus, we are increasing our target price to C$52 from the previous C$48. We also reiterate our Outperform rating. Selected highlights: Notable points include: (a) average Canadian Mainline volumes increased 5.7% from Q1 2012; (b) the Regional Oil Sands System average volumes increased 38.7% from Q1 2012; and, (c) before the earnings release, ENB announced a $1.2bn investment in preferred units of Enbridge Energy Partners. From the release, the EEP investment has no incremental funding requirement for ENB. Investment thesis: We believe Enbridge has an attractive and unique asset base capable of sustained growth. In our view, Enbridge may be viewed as a core holding, with one of North America's largest infrastructure footprints. Valuation: In our view, a growing secured project backlog combined with an attractive interest rate environment creates a solid foundation for ENB's valuation. Our revised C$52 target price (up from C$48) is derived largely from a targeted dividend yield of 2.7% and an imputed 70-bps spread over a 2% Canadian 10-year bond yield. After the quarter we adjust our 2013 EPS to C$1.87 from C$1.83. We reiterate our Outperform rating.