Cenovus keeps focus on expanding production in oil sands

Oil prices have soared from around $18 U.S. a barrel in 1993 to around $97 U.S. today. However, new drilling technologies have made it easier to extract oil from hard-to-reach deposits, such as oil sands and shale rock formations. Rising production from these sources could… Read More

Pat, could I get your analysis of Lukoil ADRs and Exxon? Thanks.

Lukoil (ADR), $65.85, symbol LUKOY on the U.S. over-the-counter market (ADRs outstanding: 1.1 billion; Market cap: $55.8 billion; www.lukoil.com), produces, refines, markets and explores for oil and gas around the world. Its exploration and production activities are primarily in Russia, Azerbaijan, Kazakhstan, Uzbekistan, the Middle… Read More

How to cut your risk in Canadian oil stocks

We continue to advise against overindulging in oil stocks. That’s because the Resource sector (including oil) is highly volatile, and no one can accurately predict future oil prices.

For instance, after rising to $115 U.S. a barrel, oil dropped 16% in the first week of… Read More

Cut your oil risk with proven producers

We continue to advise against overindulging in oil stocks. That’s because the Resource sector (including oil) is highly volatile, and no one can accurately predict future oil prices. For instance, after rising to $115 U.S. a barrel, oil dropped 16% in the first week of… Read More