But it will be a very significant capital investment.". BP, which sold a half interest in its Kirby oil sands property to Devon Energy Inc ( Devon Energy CP (OK) ) last week, also holds a half share in a oil sands and refining venture with Husky Energy Inc that is in the early stages of construction. The British company is a late arrival to the oil sands, where most of its large rivals have already acquired significant stakes. The northern Alberta oil sands region has the largest crude reserves outside the Middle East and one of the few places in the world where investor owned oil companies are still allowed to freely invest to develop significant oil resources."They are catching up to the other majors," said Fadel Gheit, an analyst with Oppenheimer & Co. "It represents the smallest of their operations and they have to grow it fast. 
Share:  But it will be a very significant capital investment.". BP, which sold a half interest in its Kirby oil sands property to <span class="company">Devon Energy</span> Inc ( <span class="company">Devon Energy</span> CP (OK) ) last week, also holds a half share in a oil sands and refining venture with Husky Energy Inc that is in the early stages of construction. The British company is a late arrival to the oil sands, where most of its large rivals have already acquired significant stakes. The northern Alberta oil sands region has the largest crude reserves outside the Middle East and one of the few places in the world where investor owned oil companies are still allowed to freely invest to develop significant oil resources."They<span class="sent"> are catching up to the other majors," said <span class="analyst">Fadel Gheit</span>, an analyst with Oppenheimer & Co. "It represents the smallest of their operations and they have to grow it fast.</span> Tweet this 

But it will be a very significant capital investment.". BP, which sold a half interest in its Kirby oil sands property to Devon Energy Inc ( Devon Energy CP (OK) ) last week, also holds a half share in a oil sands and refining venture with Husky Energy Inc that is in the early stages of construction. The British company is a late arrival to the oil sands, where most of its large rivals have already acquired significant stakes. The northern Alberta oil sands region has the largest crude reserves outside the Middle East and one of the few places in the world where investor owned oil companies are still allowed to freely invest to develop significant oil resources."They are catching up to the other majors," said Fadel Gheit, an analyst with Oppenheimer & Co. "It represents the smallest of their operations and they have to grow it fast. 
Share:  But it will be a very significant capital investment.". <span class="company">BP</span>, which sold a half interest in its Kirby oil sands property to Devon Energy Inc ( Devon Energy CP (OK) ) last week, also holds a half share in a oil sands and refining venture with Husky Energy Inc that is in the early stages of construction. The British company is a late arrival to the oil sands, where most of its large rivals have already acquired significant stakes. The northern Alberta oil sands region has the largest crude reserves outside the Middle East and one of the few places in the world where investor owned oil companies are still allowed to freely invest to develop significant oil resources."They<span class="sent"> are catching up to the other majors," said <span class="analyst">Fadel Gheit</span>, an analyst with Oppenheimer & Co. "It represents the smallest of their operations and they have to grow it fast.</span> Tweet this 

But it will be a very significant capital investment.". BP, which sold a half interest in its Kirby oil sands property to Devon Energy Inc ( Devon Energy CP (OK) ) last week, also holds a half share in a oil sands and refining venture with Husky Energy Inc that is in the early stages of construction. The British company is a late arrival to the oil sands, where most of its large rivals have already acquired significant stakes. The northern Alberta oil sands region has the largest crude reserves outside the Middle East and one of the few places in the world where investor owned oil companies are still allowed to freely invest to develop significant oil resources."They are catching up to the other majors," said Fadel Gheit, an analyst with Oppenheimer & Co. "It represents the smallest of their operations and they have to grow it fast. 
Share:  But it will be a very significant capital investment.". BP, which sold a half interest in its Kirby oil sands property to Devon Energy Inc ( Devon Energy CP (OK) ) last week, also holds a half share in a oil sands and refining venture with <span class="company">Husky</span> Energy Inc that is in the early stages of construction. The British company is a late arrival to the oil sands, where most of its large rivals have already acquired significant stakes. The northern Alberta oil sands region has the largest crude reserves outside the Middle East and one of the few places in the world where investor owned oil companies are still allowed to freely invest to develop significant oil resources."They<span class="sent"> are catching up to the other majors," said <span class="analyst">Fadel Gheit</span>, an analyst with Oppenheimer & Co. "It represents the smallest of their operations and they have to grow it fast.</span> Tweet this 

But analysts said the cartel's members are also likely to continue pumping slightly above the official quotas to cash in on prices that have remained stubbornly high despite tepid global demand. "The OPEC members will get away with as much as they can as long as the financial players are boosting prices through speculation," said analyst Fadel Gheit of Oppenheimer & Co. "The wind is at their sail.". The S&P 500 Index ( SPX ) slipped 0.4%, led by a 1.5% decline in its energy sector. 
Share:  But analysts said the cartel's members are also likely to continue pumping slightly above the official quotas to cash in on prices that have remained stubbornly high despite tepid global demand. <span class="sent">"The OPEC members will get away with as much as they can as long as the financial players are boosting prices through speculation," said analyst <span class="analyst">Fadel Gheit</span> of Oppenheimer & Co. "The wind is at their sail.". </span>The S&P 500 Index ( SPX ) slipped 0.4%, led by a 1.5% decline in its energy sector. Tweet this