Oil sands an overlooked investment opportunity — BMO
At the Suncor oil sands plant, hydrotransport pipelines are used to deliver the crushed and sized ore to primary extraction. (Image courtesy of: Suncor)
Canada’s oil patch “may be on the cusp of a new investment cycle” as oil settles into a US$50-60/bbl range, according to a new report from the Bank of Montreal.
Its numbers show many companies in the oil sands industry can remain economically viable in this US$50/bbl world, with the ability to stay cash positive and hold their production levels for many years to come.
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