Editorial comment
Recently, I’ve been thinking about what constitutes a good investment. I’m nearing the end of a year-long house renovation project and I hope I’ve put my money (and blood, sweat and tears) into the right property, at the right time.
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Recently, I’ve been thinking about what constitutes a good investment. I’m nearing the end of a year-long house renovation project and I hope I’ve put my money (and blood, sweat and tears) into the right property, at the right time. Across the world, many people are worrying about their personal investments and savings, as the global economy experiences a liquidity crisis and governments are forced to rescue ailing banks and financial institutions. In the US, an unprecedented number of citizens have just voted for their 44th President and have invested hope and faith in one man’s ability to lead the nation. And, in the oil and gas industry this week, it has come to light that some companies are postponing investments, or delaying investment decisions, concerning future production in Canada’s oilsands. Shell has announced it is pushing back the decision on whether to expand current output from its oilsands operations, opting to wait until costs fall to boost output on the Athabasca project by 100 000 bpd. Other companies announcing oilsands delays are Suncor Energy, Petro-Canada, and Nexen and OPTU Canada. ConocoPhillips, ExxonMobil and Chevron Corp. are committed to their existing plans.
