DIFFICULT, YES. IMPOSSIBLE, NO… the headline screams. “Unconventional oil deposits, such as oil sands are likely to play an increasingly vital role in meeting the world’s energy demands. The challenge with unconventional deposits is that the oil is difficult to extract. Does this mean we should turn our backs on them? Of course not…” Guess where did I get this quote from? And who is this Asian tycoon with an eye for real estate that skeptics wondered why he took control of one of Canada’s oil company and suffered years of poor return? But now the oil company is one of the ‘jewels’ in his portfolio of companies. Another billionaire investor who has a history of staying away from resource investment is now FINALLY interested in investing in the Alberta oil sands. Who is this billionaire investor? And which are the landbanking companies that will profit from investing in Alberta, Canada? No prizes for guessing this one… currently it is companies like Genesis Land Development Corp. and Edgworth Properties Inc. that will benefit from this boom.
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