The company's growing international plans meet stiff competition from oil giants like Exxon Mobil (XOM) and could be subject to uncertainty in unstable political or economic climates.
The Fort Hills project has revealed the immense costs for new projects in the oil sands. Any misstep in execution or prolonged period of weak oil prices could be very costly.
The company's growing international plans meet stiff competition from oil giants like Exxon Mobil (XOM) and could be subject to uncertainty in unstable political or economic climates.
The Fort Hills project has revealed the immense costs for new projects in the oil sands. Any misstep in execution or prolonged period of weak oil prices could be very costly.
"The government of Canada has concerns about how section 526 of the December 2007 US Energy Independence and Security Act could be interpreted to include Canadian oil sands," according to Eugenie Cormier-Lassonde, spokeswoman for Canada's foreign affairs department