Boom, Bust and Consolidation

Corporate restructuring in the Alberta oil sands
November 9, 2018
1.78 MB34 pages

This report analyzes the economics of the five largest bitumen-extractive corporations in Canada, examining their key features and analyzing their accumulation dynamics in the context of the latest commodity cycle: boom (2004–2014), bust (2014–2016) and restructuring and consolidation (2015 onward). The “Big Five” are Suncor Energy, Canadian Natural Resources Limited (CNRL), Cenovus Energy, Imperial Oil and Husky Energy.