Canadian Oil Sands Companies to Keep an Eye On

Big things are expected over the long-term from these two Canadian energy giants.

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Estimates come and go, but they are still worth acknowledging from an investment perspective. Measuring out until 2030, the Canadian Association of Petroleum Producers forecasts total Canadian oil production and breaks it out by geographic region and source type. This particular target was recently upgraded by 500,000 barrels per day (bbl/d) to 6.74 million bbl/day. For producers, this is great news.

As a group, oil sands producers look to produce 77% of the total 6.65 million bbl/d to come from western Canada. In the following video, Motley Fool analyst Taylor Muckerman walks through which two companies he believes could end up controlling this increased market share. Both are likely household names, but their individual growth goals hint at a strong decade ahead.

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Fool contributor Taylor Muckerman does not own shares of any of the companies mentioned at this time.  The Motley Fool doesn’t own shares in any of the companies mentioned.   

This article represents the opinion of the writer, who may disagree with the “official” recommendation position of a Motley Fool premium service or advisor. We’re Motley! Questioning an investing thesis — even one of our own — helps us all think critically about investing and make decisions that help us become smarter, happier, and richer, so we sometimes publish articles that may not be in line with recommendations, rankings or other content.

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