Mining’s old guard needs strong medicine
A new report details subpar investor returns in the mining industry over the last decade, particularly big cap diversified companies which have not adapted to new realities.
Canada’s oil patch “may be on the cusp of a new investment cycle” as oil settles into a US$50-60/bbl range, according to a new report from the Bank of Montreal.
Its numbers show many companies in the oil sands industry can remain economically viable in this US$50/bbl world, with the ability to stay cash positive and hold their production levels for many years to come.
