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Devon Energy’s Corp.’s Jackfish steam generators in the oil sands are pictured. Sayer Energy Advisors is acting on behalf of the Canadian Cancer Society to sell donated oil assets it holds. It’s a buyer’s market now, with about 100,000 boe/d on the market, a figure set to double when Devon Energy puts its non-core assets up for sale.
Devon Energy’s Corp.’s Jackfish steam generators in the oil sands are pictured. Sayer Energy Advisors is acting on behalf of the Canadian Cancer Society to sell donated oil assets it holds. It’s a buyer’s market now, with about 100,000 boe/d on the market, a figure set to double when Devon Energy puts its non-core assets up for sale.
(Devon Energy Corp.)

Charity turns to Sayer to cash out donated oil assets

Big-name energy companies operating in Canada have billions of dollars of assets up for sale as they refocus their businesses, but one tiny asset offering may be immune to the worst effects of a buyers’ market.

Over the past three decades, oil patch investors have donated oil and gas interests to the Canadian Cancer Society, which has decided it is time to cash out.