RECENT NEWS
Wall Street Journal  Nov 9  Comment 
A study criticizes Italian energy giant Eni's plans to squeeze oil from the tar sands of the Republic of Congo, saying it could endanger one of the world's largest tropical rain forests.
Reuters  Nov 7  Comment 
Canada has mounted its biggest campaign yet to sell the United States on the energy security benefits of the oil sands as Washington debates new environmental policy, the country's energy minister said on Friday.
The Globe and Mail  Nov 7  Comment 
Pipeline extension to Gulf Coast refineries is key for Canadian producers
Canada.com  Nov 6  Comment 
Suncor Energy Inc., with its massive slate of oil sands assets, will be a buyer not a seller of bitumen-laced properties as it reshapes itself following its merger with Petro-Canada, the company’s chief executive said Friday
Marketwire  Nov 6  Comment 
TORONTO, ONTARIO -- (Marketwire) -- 11/06/09 -- Sentry Select Capital Inc. ("Sentry Select") announces that unitholders of Oil Sands and Energy Mega-Projects Trust (the "Trust") (TSX: OSM.UN) who redeemed their units of the Trust effective October
Canada.com  Nov 6  Comment 
Suncor Energy Inc. reported a 64% fall in third quarter operating profit Friday, blamed on lower commodity prices and higher expenses at the oil sands.
Canada.com  Nov 5  Comment 
Canadian Natural Resources Ltd. says overheated oil patch led to labour, equipment problems on new $9.7-billion operation
Small Cap Center  Nov 4  Comment 
Opti Canada (TSX: T.OPC) shares rallied 8.95% to $2.06 in Wednesday trading. The company announced Tuesday after the close that it was “considering strategic alternatives for enhancing shareholder value” – the often-used shorthand when a...
Reuters  Nov 4  Comment 
Suncor Energy Inc has restarted a processing unit at its oil sands plant after repairing damage caused by a minor fire last month, a spokeswoman said on Wednesday.
BNN  Nov 4  Comment 
Opti Canada Inc. is considering putting itself up for sale because the oil sands operation is on track to start producing more reliably, not in response to any takeover bid, its chief executive said Wednesday.
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Tar sands, or oil sands, are exactly what they sound like - sand saturated with oil.

Canadian tar sands production is estimated to increase from 1.32 mb/d to 3.23 mb/d. Tar sands have a tremendous global warming footprint, however, and environmentalists are pushing legislation through Congress to limit the amount of oil sands products that government agencies can purchase.[1]


References

  1. SeekingAlpha: "Oil Sands: Will the 'Greens' Cause Us to Miss Out?"
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