It’s making the news headlines that Sinopec, a Chinese “crown corporation” is taking ConocoPhilips’ 9% stake in Syncrude, for US$4.65 billion. This will put Syncrude’s valuation at around $52 billion. Syncrude is a joint venture company with a strange ownership structure. They are one of the large tarsands miners in Alberta, right up there with … Continue reading Chinese investing in Alberta Tar Sands