For companies that have oil sands assets, it hasn't been a good year so far. Marathon Oil just announced that the company couldn't get any takers for a 25% interest in its oil sands project. Not that it keeps Marathon from trying again, but it will be difficult. In the past year, three major oil sands exploration companies have either shelved expansion projects or have completely pulled out of the region.
With oil sands trading at a deep discount to other North American oil sources, exploration companies aren't seeing the value in oil sands today. In this video, Fool.com contributors Tyler Crowe and Aimee Duffy discuss the woes of oil sands and what it will take to get them going again.
Oil sands may not be the place right now for investors, but there are many different ways to play the energy sector, and The Motley Fool's analysts have uncovered an under-the-radar company that's dominating its industry. This company is a leading provider of equipment and components used in drilling and production operations and is poised to profit in a big way from it. 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 company before the market does. Click here to access your report -- it's totally free.
The article Another Company Hopes to Escape Canada originally appeared on Fool.com.
Fool contributors Aimee Duffy and Tyler Crowe have no position in any stocks mentioned. You can follow them both on Twitter, @TMFDuffy and @TylerCroweFool, respectively.The Motley Fool recommends Total. Try any of our Foolish newsletter services free for 30 days. We Fools don't 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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