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Market forces are catching up with Alberta's oil boom, and Canadian oil companies are rethinking...

Market forces are catching up with Alberta's oil boom, and Canadian oil companies are rethinking investment in oil sands, WSJ's Chip Cummins writes. The latest example: Suncor (SU) yesterday said it is reviewing three multibillion-dollar mining and upgrading projects, and will delay a final decision about going ahead with any of them, in an attempt to cut capital spending.
Comments (1)
  • The forgoing is the backdrop from which to understand the heightened interest of the Federal Conservative government in proposals from India and other East and South East Asian countries to buy stakes in Oilsands development enterprises.

     

    As the the Nexen and Malaysian deal sagas illustrate, care is being taken to establish sound ground rules before such purchases are approved but it is a mistake, I suggest, to assume that the Canadian Government's policy is to thwart or significantly limit such investment (including by foreign State enterprises) provided adequate ground rules are in place and accepted by all participants.
    5 Nov 2012, 02:53 PM Reply Like
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