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Description: Capital keeps marching out of Canada’s oil industry, with Kinder Morgan Inc.’s sale of its remaining holdings in the country on Wednesday adding to more than $30 billion of foreign-company divestitures in the past three years.

Source: Bloomberg.com

Date: Aug 21, 2019

Link: https://www.bloomberg.com/news/articles/2019-08-21/the-30-billion-exodus-foreign-oil-firms-are-bailing-on-canada?srnd=premium-canada

Questions for discussion:

  • What is happening in the Canadian oil industry?
  • Why are foreign firms “bailing”?
  • What would you advise investors at this time?

 

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