The private equity industry is in a rush to leave Canada's oil sands—once a lucrative investment but no longer—as emission reduction takes priority. According to a Reuters report citing unnamed sources, there are at least a dozen such companies on sale right now. And this could be good news for other oil producers. In fact, it could improve their chances of survival. The moment is perfect for the sellers: Canadian crude has rebounded strongly from the troughs it traded at last year and even the year before when the industry there was…
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