RE: ConocoPhillips oil sands still not sold More proof that not just china but other internationals are not keen on our oil sands yet our government impose even stricter rules on oilsand takeover. Now that we have pipeline constraint plus no working plan to fix this bottleneck even when Canada has so many options ( to west, to east, to north, to south). Even if Keystone get approved, it's only a partial fix. Techncially US doesn't really need our gooey oil when they have light bakken oil and shale oil. ConocoPhillips's oil sand assets have been on the block for ages yet no taker.
Thanks all to those who return to visit this thread
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May 21, 2013
ConocoPhillips Oilsands Assets Still On The Market
ConocoPhillips still has its oilsands assets on the auction block, a company spokesperson said on Tuesday.
Davy Kong, a company spokesperson in Houston, said the company has not put a process to sell certain oilsands assets on hold. A story in The Globe and Mail from today had a headline stating the company had shelved plans to sell the assets, although a paragraph further down said that “the properties, however, have not been yanked off the auction block.”
“I want to be very clear on that; the assets are still on the market,” she said. “We received a ton of interest in these particular assets. We’re not in a hurry to sell them and we are pausing to evaluate our options. We are not pausing to pull back the sale of the assets.”
The company had previously said that it is in no hurry to shed oilsands projects and that it’s still evaluating its options (DOB, April 26, 2013).
ConocoPhillips is marketing half of its interest in the Surmont project, as well as the Thornbury, Clyden and Saleski lease holdings.