RE:RE:RE:RE:RE:RE:RE:RE:5 Significant Thermal Oilsands Development OpportunitiesOil prices were low this year because there was a glut of oil on the global market. Doubling Canadian Energy is going to make that better? Okay.
POU's internal SAGD projects are 2 years out minimum.
Expect a lot of pain before that happens if they wait that long.
Arx will buy CJ in Sask and overtake CNRL as the next big Canadian Oil & Gas producer before the end of this decade if no one else does.
Actually that will happen even if they don't. ;-)
GL Fellow Investor
MyHoneyPot wrote: CJ, is a great compnay but the SAGD project is only in SASK, which is likely Tier 2 when compared to Hoole, it is 6,000 boe/day for 155 million dollars.
POU's opportunity, is in the heart of the best Oil Sands properties in Alberta, and is a prodject that could potentially product 70,000 boe/day in the best case, and 50,000 boe a day with medium risk.
That only one of 5 projects that POU has and it is roughly 10 times the project CJ is pursuing.
POU is a treasure chest and Danielle Smith is down in the USA drumming up support for the doubling of Canadian energy.
We will need another Cenous, another Suncor, and another CNRL, and POU has the keys to that expansion.
IMHO
MHP