Report
Joe Gemino
EUR 147.86 For Business Accounts Only

Solvents Aid Oil Sands in Competitiveness; Raising Sector Outlook

After incorporating the impact of our research on solvent-assisted technology, we are raising our fair value estimates for all of our oil sands producers apart from Husky Energy and Suncor Energy. The increases are modest, as a significant portion of value added from solvent-assisted technology was offset by the recent revision in our near-term oil price forecast. As a result, most of our names continue to look overvalued, while Husky remains on our Best Ideas list.
Oil sands projects have long ...
Underlying
MEG Energy Corp.

MEG Energy is engaged in a steam assisted gravity drainage oil sands development at its 80 section Christina Lake Regional Project. As of Dec 31 2010, Co. had total proved bitumen reserves of 605.9 gross thousand barrels (470.5 net thousand barrels).

Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

Analysts
Joe Gemino

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