J.P. Morgan aims at Canadian oil sands
Broker initiates coverage of names from the Great White North
Oct. 25, 2010,
By Steve Gelsi, MarketWatch
NEW YORK (MarketWatch) — J.P. Morgan on Monday launched coverage of six Canadian oil stocks as it took aim at the vast oil sands of Alberta as oil prices stabilize at or above $80-a-barrel.
J.P. Morgan analyst Katherine Lucas Minyard said the move reflects the conclusion that the oil sands will provide in increasingly important source of oil.