ConocoPhillips Is Getting Ready to Cash in on the Oil Sands

ConocoPhillips (NYSE: COP) is already the second largest producer of oil using SAGD technology out of Canada’s oil sands. It sees that production growing by a 21% compound annual growth rate through 2017 as it executes on its seven major projects. Once those projects are complete the company will really be able to cash in on the oil sands as its cash flow is expected to surge. That’s only the beginning of the company’s oil sands story.

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