QuickQuotes: A look at what was said about massive deal in Alberta’s oilsands
CALGARY — A massive deal that would see Royal Dutch Shell and Marathon Oil sell Alberta oilsands assets to Canadian Natural Resources elicited a wide range of responses:
“The pipeline situation didn’t play into our thinking at all. We believe that we will have adequate pipeline capacity. This was a decision based on, as I said earlier, on our strategy around simplifying the portfolio, focusing in on parts of the business where we thought we could reach globally competitive scale.” — Michael Crothers, Shell Canada president
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“The oilsands is migrating to fewer players who can drive efficiencies through economies of scale.” — Steve Laut, Canadian Natural Resources president