Oil Moving Higher, Interest in Oil Sand Projects Increasing

Oil Prices Close to $80 A Barrel Making Potential Oil Sands Projects More Feasible
 
Oct. 20, 2009 - PRLog -- As the world economy is stabilizing, investor interest in potential oil sands projects are increasing.  Last week Oilsands Quest an oil sands explorer and developer traded record amount of volume.  Recently Suncor and Petro Canada merged in order to protect the two companies from any takeover bids.  Many analysts believe when oil trades above $75 a barrel oil sands projects become more profitable.  Demand is exceeding supply and major projects are still historically cheap in comparison to the the price of oil.

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Tags:Oil Sands, Bqi, Oilsands Quest, su, Suncor, Eca, Encana, Oil Sands Stocks, Takeover Targets, Investing In Oil Sands
Industry:Energy, Canada
Location:United States
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