Canadian Oil Sands Industry Needs an Extreme Makeover
Jul 2nd 2013 7:40AM
Updated Jul 2nd 2013 7:42AM
According to former Suncor Energy CEO, Rick George, oil sands producers need to do a better job improving the image of this particular type of oil. While the unflattering image that oil sands production has among the general public is probably not helping, there are much bigger fish for oil sands producers to fry. Increased operating costs, labor shortages, and a lack of takeaway capacity are just a few of the major problems that oil sands producers need to address to get the most from this emerging energy source.
If the "dirty" image of oil sands was the only problem, then perhaps a move similar to what Cenovus Energy has just made is the solution. Find out what that move is by tuning in to the video below.
If the energy space too complex for your investment taste, that's okay. Analysts at The Motley Fool have identified one behind-the-scenes giant that makes investing in the energy space easy. To get the name and detailed analysis of this company that will prosper for years to come, check out the special free report: "The Only Energy Stock You'll Ever Need." Don't miss out on this limited-time offer and your opportunity to discover this under-the-radar company before the market does. Click here to access your report -- it's totally free.
The article Canadian Oil Sands Industry Needs an Extreme Makeover originally appeared on Fool.com.Fool contributor Tyler Crowe has no position in any stocks mentioned. You can follow him at Fool.com under the handle TMFDirtyBird, on Google +, or on Twitter, @TylerCroweFool. The Motley Fool recommends Total SA. (ADR). Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.