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Originally Posted by Robin WMHQ
I am also hedging my bets by holding ECA - Encana and others who own the rights to Canadian tar sand deposits. They may well become the new Saudis in a decade or so.
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ECA is much more of a natural gas play than a tar sands one. A couple of pure play tar sands stocks would be SU (Suncor on TSX), and even a great Royalty/Income Trust called COS (Canadian Tar Sands on TSX).
BTW, Henry Groppe, a very famous oil investor, has 60% of his portfolio in Canadian energy companies. I really recommend if interested, to check out more of the Canadian Income/Royalty energy Trusts that trade on TSX and end in ".un". There are about 50 oil&gas trusts and unlike stocks, they are structured to pay out the majority of their net revenues in the form of distributions to the unit holders and most pay approx. 12% plus the unit prices appreciate like stocks and they keep just enough back to fund replacement of reserves and buyouts... so they even act like growth stocks in some cases. Many are up thousands of percent over past few years.