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Forget Shale: Canada’s Oil Sands Are Having Their Moment

Forget Shale: Canada’s Oil Sands Are Having Their Moment

Canada’s oil sands were once the high-cost, dirty and unloved sibling to America’s fast-growing shale. Oil-sands producers have been among the top-performing companies in the energy sector over the past year. Shares of the four largest Canadian oil-sands producers by market capitalization have gained an average of 37% over the past 12 months, outpacing an index of the largest U.S. energy companies by 19 percentage points.