UncleFred

Suncor, Canadian Oil Sands, Petro-Canada: Earnings Will Take Hit From Costs in Canadian Currency

All undoubtedly very true, but what the article misses is the fact that as the loonie has risen to par value with the U.S. $, the dividend payouts have also increased for Americans holding these CanRoys. The net effect is likely to be no effect on dividend payouts for Americans; and an average of 12% AFTER Canadian taxes is still pretty good. Also, long term, do you really see oil prices going down?
These CanRoys hold multi-year reserves, and as peak oil nears, these operations are going to look increasingly good: no hurricanes, no terrorists (other than the Canadian government), long reserves. Oh, and did I mention good dividends? Paid monthly, for most of them!