Cobra Oil And Gas (CGCA) And Other Oil Sands Players
July 2nd, 2009 at 5:29 pm Posted by The Dean
With conventional oil becoming increasingly difficult and expensive to discover and develop, major industry players continue to diversify with long term oil sands plays.
Meanwhile, many nations like China and India are also investing in the oil sands to secure their energy supply interest.
This opens up many new opportunities with companies like Cobra Oil & Gas (CGCA).
To date, players from around the globe have primarily invested in Canada’s oil sands, which are, according to a moderate growth forecast, predicted to grow from just over 1 million barrels per day in 2006 to just under 3 million barrels per day in 2015, while approaching 4 million barrels per day by 2020.
As in Canada, America can attract global investment while creating upward trending production by developing its own oil sands resources. The following are just some of today’s oil sands players:
CGCA has already secured a joint venture agreement with Exxon Mobil Corp. (XOM) and is one of the higher risk / higher reward opportunities in the oil sands market.
The opportunity is waiting at my door I think.
Seems like CGCA truly has the potential.
This information is very useful. Thanks to the Dean.
Guys – Cobra is a one employee company be careful here. They have been asked to re- state their press releases several times already. I read their SEC reports and they have done NOTHING. Enercor , the company they say they are in partnership with rents a virtual office in LA! The CEO has done this twice before- called pump and dump… get out before you loose everything.I telephoned Questar- the giant exploration company they claim has some of the leases they have in their Utah project and Questar was outraged their name is being used in conjunction with Cobra as they have never heard of this company…STAY AWAY