
I want to recommend CNQ.
A Canadian based senior independent energy company engaged in the acquisition, exploration, development, production, marketing and sale of crude oil, NGLs, natural gas and bitumen production.
One of Canada's largest natural-gas producers, the company also produces conventional crude oil in Canada, the U.K. North Sea, and West Africa. These assets have the potential to expand from today's production levels of approximately 1,650 mmcf/day of natural gas and 330 mbbl/day of conventional crude oil and natural gas liquids (NGL).Growth on the HorizonPhase 1 of the Horizon project is set to start producing synthetic crude oil (SCO) from the tar sands in Northern Alberta. Once fully up to speed, phase 1 is expected to produce around 230,000 barrels/day. Initially, the cost of production will be close to $30/barrel, but over the lifetime of the Horizon project, the company estimates that the costs will fall closer to $20/barrel. Over the years, the company intends to expand its production to 500,000 barrels/day. At today's oil price of over $90 per barrel, the economic opportunity is simply staggering.
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