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United State : All eyes are ConocoPhillips stake in Syncrude.
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November 5, 2009
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COPYRIGHT 2009 Al Bawaba (Middle East) Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group.
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Byline: manish03
That was the question in Canada s oilpatch this week as investment bankers, industry players and institutional investors digested the announcement by the U. S. energy giant that it was going to be selling its Syncrude stake as part of a $10-billion US divestiture program announced earlier this month.
There are three obvious possibilities as to who might step up with a cheque written out for about $4 billion.
The first, of course, is Canadian Oil Sands Trust. The company already owns the largest chunk of Syncrude, at 36.7 per cent, ...
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