Singapore, Singapore, June 18, 2010 --(PR.com
)-- At yesterday’s Western Business Leaders Association luncheon, more than 120 high profile executives discussed the future of resource investing. The following excerpts are from the keynote address presented by Denko’s Chief Operating Officer Andre Garneau;
"Once seen as cost prohibitive due to expensive extraction technologies, oil sands projects are now more than economically viable at today’s oil prices. More importantly, it is an oil source that is within North America that has an impressive track record of worker and environmental safety. Output has also been steady and reliable. There are several companies poised to issue IPO’s for expansion into production volumes that will take full advantage of economies of scale within their operations.
"Prior to the Gulf oil spill, we were directing our clients to diversify their oil holdings with oil sands stocks. Now BP’s risk exposure is growing exponentially on a daily basis, and by association other offshore drilling stocks are under the gun. Due to these factors, we are now advising our clients to focus the majority of their resources on oil sands projects."
Denko Group is a private equity firm dedicated to providing superior returns on capital. They seek high net return opportunities in all sectors, from high-growth technology and life science companies to recommending competitors funds, while achieving superior returns for investors. They bring together the financial and intellectual capital necessary to create a sharp edge that is focused solely on investor’s confident assurances of outstanding performance. For more information on the Denko Group please visit their website at denkogroup.com.
You should not do, or refrain from doing, anything based on the information provided in this release without first obtaining professional advice from your financial advisor. Denko Group believes the information in this release is correct, and it has reasonable grounds for any opinion or recommendation found within, as at the date the relevant part of this release was last updated. However, Denko Group and its directors, employees and agents are not liable for any loss or damage incurred by any person as a result of any error in any information, opinion or recommendation in this release. Nothing in this release is, or should be taken as, an offer, invitation or recommendation to buy or sell any investment in or make any deposit with Denko Group or any other person.