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The current slowdown could prove a boon for Canadian oil sands producers, driving down construction and operating costs and giving time for the development of infrastructure needed for the industry`s growth.
Signs of a thaw are already appearing, half a year after several companies shelved their most ambitious expansion plans amid diving crude prices and a breakdown of financial markets.
Smaller oil sands companies, including Canadian Oil Sands Trust (COS.UN-T26.530.542.08%) and Petrobank Energy and Resources Ltd. (PBG-T33.66-0.18-0.53%), have been able to raise debt and equity financing to finance their operations.
And larger companies are taking advantage of the hiatus to re-engineer their projects in order to drive down costs and incorporate the latest environmental technologies.
Read the full article here.
Signs of a thaw are already appearing, half a year after several companies shelved their most ambitious expansion plans amid diving crude prices and a breakdown of financial markets.
Smaller oil sands companies, including Canadian Oil Sands Trust (COS.UN-T26.530.542.08%) and Petrobank Energy and Resources Ltd. (PBG-T33.66-0.18-0.53%), have been able to raise debt and equity financing to finance their operations.
And larger companies are taking advantage of the hiatus to re-engineer their projects in order to drive down costs and incorporate the latest environmental technologies.
Read the full article here.