StockGuru Special Report: A Visit to Calgary – Part 5
StockGuru Special Report:Visit to Calgary – Part 5 Lexington Energy Services Inc. (OTCBB: LXES) Lexington Energy and Cost Increases Jeff Rubin, Chief Strategist and Chief Economist at CIBC World Markets, noted in December 2006, that conventional oil capacity dropped in 2005 for the first time in history and will continue to decline for the foreseeable future, despite soaring crude prices. This bodes well for the non-conventional resources such as the oil sands of Canada. An issue often raised with regard to drilling is the fact that costs typically exceed those originally projected and to be certain this occurs in the…