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An Athabasca Oil drilling rig. A northern Alberta First Nation has made good on pledge to keep fighting an oil sands project proposed by Athabasca Oil Corp., a move that could delay the $1.3-billion sale of the company’s interest to its Chinese partner.
An Athabasca Oil drilling rig. A northern Alberta First Nation has made good on pledge to keep fighting an oil sands project proposed by Athabasca Oil Corp., a move that could delay the $1.3-billion sale of the company’s interest to its Chinese partner.
(Athabasca Oil Corp.)

Magna downgraded, Athabasca Oil price target slashed

Inside the Market’s roundup of some of Monday’s key analyst actions. This file will be updated during the trading day. For breaking analyst actions prior to market open every day, read our Before the Bell morning report.

BMO Nesbitt Burns has slashed its price target on Athabasca Oil Corp. in the wake of the Alberta Court of Appeal Friday granting the Fort MacKay First Nation leave to appeal the provincial regulator's approval of the company's Dover oil sands project.