RE:RE:RE:RE:RE:RE:RE:RE:RE:Chartbigask2013 wrote: Magic..As of now I have only one oil holding. Suncor. Suncor's investment in oil production, is always based on 5 to ten years out. They can produce and squeeze out current oil on production investment already in place very cheaply. Their new investments will take 2 to three years before in production, and oil will have recovered by then. Refining oil adds significant value for them as well. Thus Suncor is the most safe oil investment in Canada. Oil is useless for use, unless refined. As far as SPE is they do not use fracking. Their wells are the cheaper vertical and horizontal conventional well drilling and have far less decline rates and cheaper to produce. They own great assets. However, at current oil prices, very few if any "producers only", make money at the current prices, including Opec. Here is a good article explaining different well drilling technic's..https://marcellusshale.wikispaces.com/Fracking+and+Horizontal+Drilling
Deeper cuts comming, more pain for companies riding out global oil price war. Analysts say oil sands producers are particularly exposed to weaker energy prices, owing to high operating costs and the long distance between the northern Alberta deposits and consuming markets. Oil’s decline has prompted deep spending cuts in the sector and led companies to postpone investments in new projects. On Tuesday, a prominent global energy analyst said Alberta’s industry is vulnerable to further cutbacks and that some high-cost projects may never be exploited. Read more at https://www.stockhouse.com/companies/bullboard/v.tic/titanium-corporation-inc#g42at1H1OvhftKu2.99