Warren Buffett Sees Promise in Oil Sands. Should You?
Oil sands have not had it easy lately. Between labor shortages, operational cost increases, and a general lack of pipeline capacity, exploration and production of Canadian oil sands has not been the most profitable venture. Several companies have either backed out or are putting their assets up for sale. For anyone that knows a little about Warren Buffet, though, would know that when everyone is selling, it's very likely that he is buying.
That very thing just happened. Buffet recently acquired a large stake in Canada's largest oil sands producer, Suncor . For those looking to follow in Buffet's footsteps, there are some signs of life coming from this formerly downtrodden industry. Tune into the video below where Fool.com contributor Tyler Crowe takes a look at some of the positive signs from the oil sands industry and ponders what it will take to keep the momentum going.
This is just one example of the big energy winners in Warren Buffet's investment portfolio. Imagine a company that rents a very specific and valuable piece of machinery for $41,000... per hour (that's almost as much as the average American makes in a year!). And Warren Buffett is so confident in this company's can't-live-without-it business model, he just loaded up on 2.19 million shares. An exclusive, brand-new Motley Fool report reveals the company we're calling "OPEC's Worst Nightmare". Just click HERE to uncover the name of this industry-leading stock... and join Buffett in his quest for a veritable LANDSLIDE of profits!
The article Warren Buffett Sees Promise in Oil Sands. Should You? originally appeared on Fool.com.Fool contributor Tyler Crowe owns shares of Berkshire Hathaway. You can follow him at Fool.com under the handle TMFDirtyBird, on Google +, or on Twitter: @TylerCroweFool. The Motley Fool recommends Berkshire Hathaway. The Motley Fool owns shares of Berkshire Hathaway and Devon Energy. 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.
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