Dont be too surprised if takeover rumors surface with DLL- after all, they have large reserves in relation to their current market cap.
15 or 20 million $$ to Suncor or Royal Dutch would be pocket change.
Oilsands fever shows no sign of slowdown after week of $38 billion in deals
8/6/2007 1:57:00 AM
CALGARY (CP) - The bout of oilsands fever sweeping through northern Alberta shows no sign of slowing down.
An eye-popping $38 billion in deals and development plans announced last week show skyrocketing construction costs haven't dampened interest, only that those intrigued have a blueprint for mining and refining the buried energy treasure.
"The size of the prize is very large, so everybody is going hell bent for leather," said Martin Molyneaux, managing director of institutional research with FirstEnergy Capital.
Shell Canada's plan to spend up to $27 billion on Canada's biggest oilsands upgrader, the $6.6 billion friendly takeover bid for Western Oil Sands (TSX:WTO) by U.S. refiner Marathon Oil Corp., and a $4.4 billion regulatory strategy filed by Suncor Energy (TSX:SU) for the mining plan of its Voyageur South site all indicate the need to ensure a smooth development path for the tar-like bitumen.