Asset sales and sharp oil reserve writedowns mean that Canada’s oil sands occupy a much smaller share of what global companies count in their cache of recoverable crude.
A report from Calgary investment bank Peters & Co. Ltd. says recent high-profile resource sales combined with oil reserve “de-bookings” last year mean that oil sands assets now account for 4.7 billion barrels, or 10 per cent, of the corporate liquids reserve bookings for larger global companies.Report Typo/Error
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- Updated June 26 11:23 AM EDT. Delayed by at least 15 minutes.