OGJ Newsletter

10/09/2006
General Interest - Quick TakesAnalysts see robust future for oil sandsThe outlook for Canadian oil sands growth continues to improve, although the next 2 years could prove critical as oil companies face the risks of increasing cost overruns and project delays, said Friedman, Billings, Ramsey & Co. Inc.In a Sept. 29 research note update on oil sands, an FBR analyst said increasing project proposals also increase the risk profile for the Canadian oil sands because of an already tight labor market.“We believe that the risks of cost overruns and project delays will be increasing over the next 2 years, with the greatest risk being borne by those who have yet to firm up their cost est...
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