Buying And Selling Commodity Stocks
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Stockholders became much more inquisitive about Canadian oil stocks because of the recent rise in oil prices around the globe. There are numerous oil corporations working in Canada. The great majority of the production and refining , however , is done by about 20 sizeable firms. The raised interest is due not only to the heavy price of oil but also to the availability of oil sands in this particular part of the globe. Only one or two years back, exploiting these reserves was not economically feasible. High prices have made the oil from these regions economically competitive and have placed the corporations working there under the spotlights. Actually profits were down 90% in 2009 due to the crisis. The skyrocketing price of oil enabled these companies to achieve more than $8 billion in profits during 2010. Heavy Oil and Canadian Oil Stocks The predominance of heavy oil in the oil reserves of Canada has been to blame for this area lagging behind other areas of the planet in oil profits. This oil produces less usable oil in each barrel and is trickier to refine. Other regions of the world, for example West Texas and the Middle East, have a tendency to produce a lighter crude oil which converts easier into gas and other products. Oil extraction technologies have also improved in the previous couple of years and strengthened the costs of Canadian oil stocks . In 2010, a Japanese team discovered the easiest way to process the oil at a quicker rate. Interest in improved technologies has increased among all Canadian gas and oil companies. Some Popular Canadian Oil Stocks If you have got an interest in Canadian oil stocks, these are some examples. They represent a multitude of the oil firms in Canada. Each one of them have seen income increases in the year. That is often a good indication which encourages investment. Suncor has a market capital or even more than $45 billion USD. They have proved reserves of more than 7 billion barrels. Canadian Natural Resources experienced a $14 bln rise in money in 2011. Their market capitalization stands at more than $40 bn.. Imperial Oil is backed by proven reserves of more than two billion barrels. Their profit in 2011 was more than 2 billion Canadian dollars. Cenovus Energy has nearly two billion barrels in oil reserves. Their profit in 2011 was virtually one billion dollars Canadian. They're another leader among Canadian oil stocks .