he's talking from past experience likely going through a few cycles.

Unfortunately I think that is where CUU is at. I honestly don't see this coming to conclusion anytime soon. Even if Teck wanted to act, the optics are too bad for them to make a major move with their SP where it is, and now Fort Hills revenue potential being slashed if oil stays in lower ranges for the future. We need prices double for these oil sands projects to be viable. Syncrude is the second oldest site, and needs $60 to survive. New sites are worse unless they are SAGD.