Suncor Energy (SU)
Canadian integrated oil & gas company. Has a big tar sands segment that makes the company interesting, but it’s oil and natural gas operations are also well suited for a high price environment.

“[Suncor] said it will hedge about 7,000 barrels per day at a minimum price of $50 per barrel in 2006 and 2007 and would consider more hedges of up to 30 percent of crude oil production.”

One thing to consider is that the process of extracting oil from tar sands takes a lot of natural gas. The natural gas price is going to soar along with oil prices. It takes 1000 cubic feet of gas to convert a barrel of bitumen into light crude (at todays prices 1000CF of natural gas costs around 14% as much as a barrel of crude)