About two years ago people across Canada voiced their concerns about China’s involvement in Alberta’s oil patch. Instead of cashing in a Financial Post (FP) report says “some of the major acquisitions are looking messy to hopeless.” Rather than cash flowing into Chinese investors pockets, they seem more content with cutting costs. As a result […]
Sun setting on Sunshine Oilsands?
Investor appetite in the high-yield market reached a limit after Sunshine Oilsands Ltd. of Canada pulled a proposed $325 million bond due to lack of demand from U.S. and Chinese investors. The high-yield bond market, prepared to fund defaulters from Ecuador to Argentina, drew the line at Sunshine Oilsands, which sought bond financing to build […]