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To: TexasCajun

They started getting serious in the early 90s when crude went above $20. At that time Suncor's break-even point was $13. Your assessment is correct about the other companies, though, because until fairly recently Suncor was the only serious player in oilsands development.


14 posted on 03/20/2006 3:24:55 PM PST by Squawk 8888 (We Acadiens have nothing to do with Québec)
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To: Squawk 8888

I understand there are four players, Suncor, Shell and two others. I was not surprised when Koch pulled out after millions invested. They will buy from Suncor, Shell, etc. Its not their philosophy to be third or fourth in any market.


15 posted on 03/20/2006 5:15:50 PM PST by Eric in the Ozarks (BTUs are my Beat.)
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