Canuck Investor

Petro-Canada Announces New Oil Sands Breakeven: $50 a Barrel

Fort Hills may make money but the main problem is the production technique. Oilsands mining projects have poor economics compared to SAGD. It may seem counterintuitive but deeper pay formations are more attractive (if they have certain characteristics). And if you look at the projects with the highest cost overruns you'll find that they're all mining projects. Stay away from oilsand mining operations.