Quote:
Originally Posted by Socks
Does anyone here know enough about the stock market and oil companies to know which companies are going to benefit in 5+ years time with their shale oil land ownership?
I don't see gas prices stabilizing, I don't think anyone does.. Could be a great time to get into whatever the next oil thing that becomes profitable is.
Oil sands in Alberta weren't profitable, it was too expensive, yadda yadda.. Now it's like the wild west out there, industry is booming.
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Oil Sands price profitability point was $50. That reserve is upwards of like 2 trillion bbl.