Monarch Oil Company Limited - 1914-16 dated Canadian Oil Stock Certificate - Calgary, Alberta, Canada
Inv# FS1050 Stock
Stock with bold title and oil scene vignette. Registered office is in Calgary, Canada. Quite rare!!! Oil reserves in Canada were estimated at 172 billion barrels (27×109 m3) as of the start of 2015 . This figure includes the oil sands reserves that are estimated by government regulators to be economically producible at current prices using current technology. According to this figure, Canada's reserves are third only to Venezuela and Saudi Arabia. Over 95% of these reserves are in the oil sands deposits in the province of Alberta. Alberta contains nearly all of Canada's oil sands and much of its conventional oil reserves. The balance is concentrated in several other provinces and territories. Saskatchewan and offshore areas of Newfoundland in particular have substantial oil production and reserves. Alberta has 39% of Canada's remaining conventional oil reserves, offshore Newfoundland 28% and Saskatchewan 27%, but if oil sands are included, Alberta's share is over 98%.
Canada has a highly sophisticated energy industry and is both an importer and exporter of oil and refined products. In 2006, in addition to producing 1.2 billion barrels (190×106 m3), Canada imported 440 million barrels (70×106 m3), consumed 800 million barrels (130×106 m3) itself, and exported 840 million barrels (134×106 m3) to the U.S. The excess of exports over imports was 400 million barrels (64×106 m3). Over 99% of Canadian oil exports are sent to the United States, and Canada is the United States' largest supplier of oil. Read more at https://en.wikipedia.org/wiki/Oil_reserves_in_Canada
A stock certificate is issued by businesses, usually companies. A stock is part of the permanent finance of a business. Normally, they are never repaid, and the investor can recover his/her money only by selling to another investor. Most stocks, or also called shares, earn dividends, at the business's discretion, depending on how well it has traded. A stockholder or shareholder is a part-owner of the business that issued the stock certificates.
Ebay ID: labarre_galleries