Alberta was overlooked before but today investors may see the result of higher oil prices and abundant proven oil reserves in Alberta is amazing. It has been said that the oil companies have earned enormously profits and up their penny stocks to even thousand percent increased. How good investors look at this opportunity would definitely raised their assets astonishingly. Actually it was revealed in the 60 minutes by CNBC television channel in year 2006 and at that time oil price was about US$40 per barrels. They believed that the oil boom would not be in anywhere or in the Middle East but in Alberta.
Some oil companies involved in Alberta are expanding to oil sands and today the local government will be more aggressively by introducing new tax incentives and deregulation over the oil sands projects to boos its production. Probably we could observed the oil companies’ performance which include the oil sands project such as Suncor Energy Inc, Marathon Oil Corporation, Nexen Inc, Canadian Oil Sands Trust, Imperial Oil Limited, Statoilhydro, Shell and Exxon. What a fantastic investment in oil companies give incredible return for investors during 5 years.