The dawning of a new year is the perfect time to assess the investment portfolio and identify attractive stocks. At Business Review Canada, we can’t fix your portfolio, but we have taken the time to identify stocks that deserve your attention. From now to Sunday, we will list a new stock and why you should be bullish.
Number 2: Statoil
If you don’t have any oil sands operators in your investment portfolio, you may want to fire your broker. Investing in the second largest proven oil reserve in the world should be a no-brainer. But why Statoil?
In November, PTTEP, Thailand's sole petroleum exploration and production company, announced it will buy a 40% interest stake in Norwegian-headquartered Statoil’s oil sands project Kai Kos Dehseh for $2.28 billion.
As part of the development of Kai Kos Dehseh, earlier this year, Statoil presented a technology plan aimed at increasing value through enhanced production and reducing carbon emissions and energy use.
Statoil originally entered Kai Kos Dehseh through the acquisition of North American Oil Sands Corporation in 2007. Since then, Statoil has invested to construct project facilities and related infrastructure at the Leismer project.
The Leismer project is the first phase of the SAGD (Steam Assisted Gravity Drainage) full field development of Kai Kos Dehseh. The project initiated steam injection in early September, one month ahead of schedule, and is positioned to move into production phase during the first quarter of 2011.
Statoil is positioning its oil sands projects for enhanced long-term production with the capital expenditures of late. A savvy investor would buy now and enjoy the low risk/steady gain in the years to come.
Number 2: Statoil
If you don’t have any oil sands operators in your investment portfolio, you may want to fire your broker. Investing in the second largest proven oil reserve in the world should be a no-brainer. But why Statoil?
In November, PTTEP, Thailand's sole petroleum exploration and production company, announced it will buy a 40% interest stake in Norwegian-headquartered Statoil’s oil sands project Kai Kos Dehseh for $2.28 billion.
As part of the development of Kai Kos Dehseh, earlier this year, Statoil presented a technology plan aimed at increasing value through enhanced production and reducing carbon emissions and energy use.
Statoil originally entered Kai Kos Dehseh through the acquisition of North American Oil Sands Corporation in 2007. Since then, Statoil has invested to construct project facilities and related infrastructure at the Leismer project.
The Leismer project is the first phase of the SAGD (Steam Assisted Gravity Drainage) full field development of Kai Kos Dehseh. The project initiated steam injection in early September, one month ahead of schedule, and is positioned to move into production phase during the first quarter of 2011.
Statoil is positioning its oil sands projects for enhanced long-term production with the capital expenditures of late. A savvy investor would buy now and enjoy the low risk/steady gain in the years to come.
