Imperial Oil Limited (IMO), Suncor Energy Inc. (USA) (SU): Just How Expensive Is Canadian Oil Sands Drilling?

Page 2 of 2

What’s the solution?
One way of boosting oil sands producers’ morale would be to green-light TransCanada Corporation (USA) (NYSE:TRP)‘s proposed Keystone XL pipeline, which would carry as much as 830,000 barrels of crude oil per day from Alberta to refiners along the U.S. Gulf Coast.

Most analysts believe that Keystone and other pipelines would be the most effective way of bringing western Canadian crude oil prices closer in line with similar North American benchmarks, which could help improve the profitability of many oil sands projects substantially.

Whether or not U.S. lawmakers approve Keystone XL, improvements in pipeline infrastructure will be a defining trend in North America’s energy landscape over the next several years. And one that astute investors would be wise to follow. Enterprise Products Partners, the nation’s largest publicly traded energy partnership, is at the forefront of this trend and is investing heavily in pipeline infrastructure that will serve the nation’s energy companies for decades into the future.

The article Just How Expensive Is Canadian Oil Sands Drilling? originally appeared on Fool.com.

Fool contributor Arjun Sreekumar has no position in any stocks mentioned. The Motley Fool recommends Total SA. (ADR).

Copyright © 1995 – 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.

Page 2 of 2