Matthew 7:26

Suncor has surfaced from the oily sludge with a $15.5bn takeover of Petro-Canada. The Canadian oil company is a leveraged play on dirty, high-cost oil sands. Buying its rival reduces Suncor’s exposure to oil price fluctuations – for better and worse. Substantial savings should please shareholders, however. There’s a huge supply of oil up North - perhaps 175bn barrels lie in Alberta’s muck. The problem is that it is very pricey to extract. Low-cost supplier Royal Dutch Shell said it costs around...