RE:So TECK Resources Wants OUT of Fort Hills Oil Sands Mine ???I think so too, Eigen.
Teck is a good company and a world leader in Coal and Copper development, but their oil investment, that looked so good when prices were double what they are currently, is not feasible in today's environment. That $1.1 billion loss is easier to sell to investors when there are others to blame.
What I don't understand is if you want to become an oil player, wouldn't it be easier to buy an existing E&P company at these record low valuations?