Quote:
Originally Posted by ExiledFlamesFan
The current price is almost $20 below the YTD avg. If this oil glut continues this will cut into the bottom lines of oil companies and the province.
What is the break even prices for oil sands operations? I've heard $60 or $55/barrel
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Suncor reported last week a Q3 Oil Sands cash cost of $33.10/barrel. Note however that they have the best assets of anyone in the oil sands, but it should give you an idea that operating assets are far from becoming uneconomic. It's the new development that is at risk.