CAPITAL MARKETS

Oil sands trust battered by cost overruns

TORONTO: Those who argue that Australia will never get an oil shale/sands operation off the groun...

James Hamilton

The news shocked North American markets causing units in the trust to nosedive 16% to C$44.90 which effectively wiped C$726 million off the firm’s market value in one day. Such has been the fallout from...

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