Castles Made of (Oil) Sand – Cenovus/Athabasca Deal Extends Trend in Canada’s Booming Oil Sands
Over the past 10-plus years, there’s been an extraordinary consolidation among producers in Alberta’s booming oil sands region. Now, with Cenovus Energy’s planned multibillion-dollar acquisition of Athabasca Oil Corp., more than 90% of oil sands production will be owned by only five companies.