Methodology
The Oil Sands Sector Index™ was designed to give investors the maximum exposure to the fastest growing industry in the Canadian energy sector. The index is restricted to companies that are highly focused on oil sands production and are expected to increase their oil sands production in the next ten years.
Companies that are bought out by foreign corporations. Only 14 companies made the index list as of December 31, 2011. The weightings are based on a proprietary mathematical formula that focuses on several key factors such as current production, expected future production in ten years, liquidity and market capitalization.
The index is just as diversified as current index offerings in the energy sector (S&P/TSX Capped Energy Index – Canada and S&P Energy Index – US) but has a significantly higher weighting towards oil sands producers.