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Jim Letourneau's Blog

Investing, Technology, Travel, Geology, Music, Golf. I think that covers it.

Alberta Oil Patch Gets Back to Business

Alberta's February land sale hit a 14 year high (Calgary Herald). Oil and natural gas resource plays were front and center...especially the newly prolific Cardium oil play. We're seeing a proliferation of Bakken look-alike plays out there. This one has merit and marks yet another example of technology squeezing more oil out of old oil fields.

Despite the furor over Alberta's 2007 royalty changes, it looks like the oil patch can still find profitable opportunities. Local investment dealers are fueling speculation about Alberta royalty changes by putting out research listing the benefits to Alberta-focused energy companies. So far its all rumor.