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Energy investors including Exxon Mobil (XOM) are favoring natural gas over oil sands...

Energy investors including Exxon Mobil (XOM) are favoring natural gas over oil sands acquisitions in Canada as the less-expensive way to supply Asian markets, a trend likely to continue next year. With at least five LNG projects valued at as much as $15B each proposed for British Columbia's coast, proponents are lining up supplies from reserves such as the Horn River and the Montney shale.
Comments (2)
  • Veritas1010
    , contributor
    Comments (1529) | Send Message
     
    Pretty clear strategy. And as usual, Exxon sound.
    30 Oct 2012, 09:10 PM Reply Like
  • bob adamson
    , contributor
    Comments (4558) | Send Message
     
    This also reflects the widespread and deep opposition in British Columbia to the proposed Northern Gateway pipeline (and also to the proposed expansion of a current oil pipeline from Alberta to Vancouver) without which oilsands production cannot be exported to China by an all Canada route. By contrast, pipelines and LNG projects are widely supported in BC, including by First Nation groups.
    1 Nov 2012, 07:49 PM Reply Like
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