Importance of Increased Third-Party Canadian Oil Sands Activity?
Readers no doubt are well aware of the interest by China and others in Western Canada's oil sands. Consider whether you agree that the pace at which that interest is being expressed has been increasing in recent months - the latest expression of that interest being a letter of intent signed last Friday between Athabasca Oil Corp. and state-owned Kuwait Petroleum Corp.
Canada's oil sands constitute a world-class asset, where ownership of that asset may well influence world economic dynamics in future decades. Consider the importance to Canada, to Alberta and Saskatchewan, and to the countries and companies that want to acquire interests and partner in the oil sands of decisions made today by both Canadian oil sands participants and the Canadian Government.
I think this is a big deal. If you are a Canadian, consider letting your politician know how you feel about Canadian oil sands ownership issues.
Topical Reference: Athabasca Oil 'contemplating a joint venture, from The Financial Post, Jameson Barlow, August 31, 2012 - reading time 3 minutes.
Tweet
Author: Ian Campbell
Ian R. Campbell, FCA, FCBV
Economic Straight Talk
Through the Economic Straight
Talk Newsletter Ian
R. Campbell shares his perspective on the world economy, the financial
markets, and natural resources. A recognized business valuation authority,
he founded Toronto based Campbell Valuation Partners (1976), Stock
Research Portal (2007) a source of resource companies market data and
analytic tools, and Economic
Straight Talk (2012). The CICBV* annually funds business valuation
research in his name**. Contact him at icampbell@srddi.com.
* Canadian Institute of Chartered Business Valuators
** through The Ian R. Campbell
Research Initiative
The full version of The Economic Straight Talk Newsletter is published each trading day. To get your Free 14-day trial subscription, visit economicstraighttalk.com. No obligation or credit card required.
Informed Investors are Successful Investors
Comments and opinions expressed in these commentaries are those of the authors. They do not constitute individualized investment advice, are provided "as is", may change without prior notice, and are used at your own risk. The information and content provided or referenced may be incomplete, inexact, or incorrect. Your use of these commentaries is subject to the Economic Straight Talk Terms of Use and Legal Disclaimer
Copyright © 2011-2013, Stock Research DD Inc., all rights reserved
Circle Us