PetroChina raised some eyebrows in Calgary earlier this month when it became the first Chinese state firm to take full control of an Alberta oil sands play, the MacKay River project, in a deal with Athabasca Oil Sands (IOD Jan.4’11). Sunshine Oilsands has now further demonstrated the deepening of Sino-Canadian energy ties by announcing plans to become the first Canadian oil and gas company to be listed on the Hong Kong Stock Exchange — where it hopes to raise between $500 million and $700 million, according to a report in the Wall Street Journal.
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