Oil Stocks As A Long Term Investment
The demand for world oil is increasing while world reserves are decreasing. This is a known fact. The current price of oil can certainly confirm this statement. Consensus also agrees that we will never see $25.00 oil again. The logical conclusion to our above statement is oil stocks should be a good long term investment. However, the location of the oil companies' reserves can affect their bottom line and valuation.
With demand for oil and other commodities from China and India increasing due to their growing economies, strong trading relationships are procuring with Canada - a country with numerous resources, political stability and neutral military views.
Companies with reserves in the Alberta oil sands look like a great investment for the next decadeThere are many companies with reserves in the Oil Sands here are some with strong exposure.
Suncor Energy Inc. SU. tse , Western Oil Sands Inc. WTO. tse and the Canadian Oil Sands Trust COS/UN. tse