Quote:
Originally Posted by polak
I meant no company is leaving the oil sand market.
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Sunshine. Grizzly. Brion. I haven't followed any of them in a few months, but as of last summer anything backed by Chinese money was in extreme trouble once China got bearish on the oil sands. I'd be more comfortable wagering that they will be leaving the market vs. not.
MEG and CNRL might not be closing up shop but they've put indefinite* holds on projects when oil was still at $80. And while they're not shuttering the doors on current producers, they're not expanding. Suncor is making their own cuts on production. While it's not a mass exodous, not expanding or replacing lost production is pretty damn close to leaving the oil sands market, IMO.