Upgrader: Brass Tacks
Fri, Sep 19, 2008
Heavy Investing News reports oil prices rallying in the US$90 range and cause concern to investors.
The prospect of further price declines in conjunction with extremely curtailed access to credit should be worrying to companies. It should be especially worrying to juniors and companies on the venture exchange. In the months ahead, one would expect consolidation in the oil sands, with small companies feeling skittish and larger operations seeing bargain-rate acquisitions.
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