Canada’s Oil Sands Make Their Comeback as US Shale Plateaus

Canada’s oil sands are experiencing a comeback after years of living in the shadow of US shale.

Crude output is climbing to new highs, the nation’s top producers are seeing their shares soar and interest in the industry is rising among US institutional investors. The catalyst for the brighter outlook is simple: The newly expanded Trans Mountain oil pipeline is bringing Canadian oil to the critical Asian market after years of capacity constraints capped output and pressured crude prices.