StockGuru Blog: More on Lexington Energy Services
Alberta’s Oil Sands are not your Grandfather’s oil Fields Lexington Energy Services Inc. (OTCBB: LXES) Alberta’s oil sands are not your grandfather’s oil fields. Spread out over an area the size of Florida, their tar-like bitumen is too thick to flow to a well like conventional oil and requires the input significant energy to coax it from amongst the sand before it can be upgraded or diluted for pipeline transport. Historically, the scale of infrastructure and technology required, along with the low price of oil, left the oils sands commercially unfeasible. Not anymore. Technology and the price of oil have…