CALGARY — The recent jump in oil prices, almost doubling since February, has eliminated the urgency for deal-making in the Alberta oilpatch.
Steve Williams, Suncor Energy Inc.’s president and CEO, said Thursday that expectations his company would dip into its considerable available capital to strike more deals were “overcooked.” He said recent improvement in crude prices, flirting with US$50 per barrel, has reduced the need for some companies to sell assets.
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