Investors Betting on State Oil Firms

Stock quotes in this article: XOM , PTR , CVX , HAL , SLB , SHI , PBR  

According to Charlie Maxwell, senior energy analyst at Weeden & Company, BP had long said that it wasn't interested in participating in the Canadian tar sands. However, if nationals continue to be favored over integrateds in major drilling projects around the globe, companies like BP will have to take whatever they can get.

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