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Are We About to See a Big Turnaround for Oil Sands?

This past quarter, Devon Energy (NYSE: DVN  ) , ConocoPhillips (NYSE: COP  ) , and Suncor (NYSE: SU  ) all posted better-than-expected results from their oil sands or thermal oil or bitumen operations (Side note: We sure have come up with a lot of names for this stuff.) After a couple of years of struggling to keep operational costs in line and a severe lack of takeaway capacity from these regions, it appears that these issues are starting to clear up. Even more surprising, though, is that these companies are posting better-than-expected results even with Canadian oil still selling at a very steep discount to other crudes like West Texas Intermediate. 

So what is making this all possible? Tune into the video below to find out what is clearing much of the Canadian oil sands logjam and why companies like Devon and ConocoPhillips should be very hopeful about their futures in the oil sands business. 

More companies pulling down a hefty profits from North America's energy boom
Record oil and natural gas production is revolutionizing the North America's energy portfolio, but finding the right plays for your portfolio can be like finding a needle in a pile of rusty needles. For this reason, we have put together a comprehensive look at three energy companies set to soar during this transformation in the energy industry. Let us help you discover these three companies that are spreading their wings by checking out our special report, "3 Stocks for the American Energy Bonanza." Simply click here and we'll give you free access to this valuable investment resource. 

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Related Tickers

9/29/2016 4:00 PM
COP $43.66 Up +1.48 +3.51%
ConocoPhillips CAPS Rating: ****
DVN $43.04 Up +1.46 +3.51%
Devon Energy CAPS Rating: ****
SU $27.70 Up +0.55 +2.03%
Suncor Energy CAPS Rating: ****