The Globe and Mail

Go to the Globe and Mail homepage

Jump to main navigationJump to main content

A truck leaves a Conoco station in this April 25, 2007 file photo in Houston.
A truck leaves a Conoco station in this April 25, 2007 file photo in Houston.
(David J. Phillip/AP)

DAVID PARKINSON

Once red-hot, ConocoPhillips’ oil sands assets in deep freeze

ROB Insight is a premium commentary product offering rapid analysis of business and economic news, corporate strategy and policy, published throughout the business day. Visit the ROB Insight homepage for analysis available only to subscribers.

In a perverse way, this is how a market is supposed to function: ConocoPhillips Co. announcing that it no longer wants to sell oil sands assets that no one wants to buy anyway.