Seeking Alpha

Imperial Oil (IMO -0.9%) says the start-up of its 110K bbl/day Kearl oil sands mine is being...

Imperial Oil (IMO -0.9%) says the start-up of its 110K bbl/day Kearl oil sands mine is being hampered by bitter winter weather in northern Alberta, and production likely will be delayed until January. Kearl will be one of Canada’s largest open-pit mining operations, with regulatory approval for up to 345K bbl/day of production.
Comments (2)
  • IMO probably ought to delay the startup until after the Keystone XL or a pipeline to the west coast is built. There just isn't much of a market for more oil coming out of Alberta right now.

     

    Long IMO (takes a lot of patience)
    10 Dec 2012, 12:36 PM Reply Like
  • Was going to say the same thing Uncle Pie, good point. These Canadians better get their act together fast because that XL has a 10 % chance of getting done.
    10 Dec 2012, 02:07 PM Reply Like
DJIA (DIA) S&P 500 (SPY)