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Sunshine Oilsands Ltd., largely backed by state-owned Chinese enterprises and Asian retail investors, faces 71 lawsuits seeking a total of $94-million for unpaid bills.
Sunshine Oilsands Ltd., largely backed by state-owned Chinese enterprises and Asian retail investors, faces 71 lawsuits seeking a total of $94-million for unpaid bills.
(Dave Olecko/)

Sunshine Oilsands gains joint-venture partner

Analysts are guarded in their assessments of Sunshine Oilsands Ltd.’s announcements of a joint-venture partner for two of its northern Alberta projects and a decision to slow down spending on development at another.

Sunshine, whose shares are down by nearly half from an early January peak, said this week it signed a framework agreement for a potential joint venture, with an unnamed international company, to develop its Muskwa and Godin oil sands leases in Alberta.