Thursday, May 30, 2013

ConocoPhillips And Canada's Oil Sands: Everything You Need To Know

From Seeking Alpha

According to a recent reportConocoPhillips (NYSE:COP) has decided not to sell its stake in the Canadian oil sands assets as the company has already reached its capital targets by divesting from other resources. Canada's oil sands can be an attractive venture but due to large financial requirements, technical and political challenges, explained later in the article, ConocoPhillips would have had a tough time finding the right buyers .... read more