Analysis: Cenovus and ConocoPhillips just see things differently, especially the future of oil prices
By News on the Net -- Calgary Herald—— Bio and Archives--March 31, 2017
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There’s a time for reaping and a time for sowing — except in Canada’s oilsands industry. There, the reaping and the sowing happens simultaneously and at a ferocious rate.
The $13.3 billion sale of most of ConocoPhillips’ Canadian assets to Cenovus Energy Inc., announced late on Wednesday, is a perfect example of two companies operating in the same business expressing utterly opposing views on the future of that business. -- More...
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