Customers include Chevron , ConocoPhillips , Suncor Energy , Kinder Morgan Energy , Valero Energy and Sunoco .
It called the property Firebag East, deliberately aping Suncor Energy's well-known Firebag project, 30 miles away.
Suncor expects to continue to pull tar sands out of it for the next twenty-five years.
The question was further complicated when at just about the same time Suncor took over Petro-Canada.
That was about the same as the Suncor result on a per share basis.
One thing that Suncor is not selling is its 12% stake in giant oil sands producer Syncrude.
Suncor mines some of the limestone, too, and uses it to shore up the roads in the pit.
Suncor Energy Inc. shares are currently trading up about 3.1% on the day.
Schlumberger (nyse: SLB - news - people ) succumbed, along with shale oil properties like Suncor.
Suncor is hoping to pull a lot more oil from Alberta, Canada's sands.
Suncor Energy Inc. shares are currently trading off about 1.6% on the day.
Suncor Energy Inc. shares are currently trading off about 1.7% on the day.
Higher oil prices will tend to benefit Exxon Mobile (XOM), Chevron (CVX), Conoco Phillips (COP), Shell (RDS.A) and Suncor (SU).
Compare that to the Suncor numbers and you immediately see why some analysts are raving about the prospects for Cenovus.
Suncor is one of the key players in the Canadian oil sands and production is expected to increase significantly going forward.
He also expects the energy sector to do well with both Suncor (TSX, NYSE: SU) and Encana (TSX, NYSE: ECA) showing strength.
Where the feed lies closest to the surface, as, for example, at the Suncor site, the bitumen is strip-mined and then separated.
Look through the political noise and buy oil ETFS, or major producers with North American reserves, Exxon, Occidental Petroleum, Anadarko, Suncor in Canada.
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For every barrel of synthetic crude that Suncor eventually produces, forty-five hundred pounds of tar sands have to be dug up and separated.
While EnCana and four others fell in the rankings, five rose: Penn West Petroleum, Talisman Energy, Suncor Energy, Canadian Natural Resources and Husky Energy.
Suncor has run into an extra rich piece of ore with a high coal component, he said, which caused problems in the extraction process.
It called the property Firebag East, deliberately aping Suncor Energy (nyse: SU - news - people )'s well-known Firebag project, 30 miles away.
At the Suncor Family Day breakfast, under what locals called a clear "Alberta Blue" sky, thousands of hungry Stampeders were already in line by 6:30 a.m.
Chevron North Sea is at number five, Suncor Energy of Canada is at 8, Dana Petroleum at 11, Taqa Bratani at 12 and Talisman Energy at 13.
Should they own shares in the new firm, Cenovus Energy ( CVE) or should they go with Suncor ( SU), one of the pioneers of oil sands development?
Finally this week ExxonMobil and its partners ( Chevron 27%, Statoil 10%, Exxon 36%, Suncor 23%) have agreed to move full speed ahead to bring it online.
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However, the company is more generous than Suncor in its dividend, paying US19.25 cents per quarter (US77 cents annualized) for a yield of 2.6% based on the recent closing price.
Id be more inclined to own the Vanguard Energy Fund(VGENX), which is heavily weighted in the be st North American producers, Exxon Mobil, Occidental Petroleum, Canadian Natural Resources, and Suncor Energy.
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Both Suncor and Cenovus have excellent potential going forward but on the basis of the higher dividend and the lower cost structure, Cenovus would be my choice if you only want to own one.
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