Two big deals in just one-week highlights the international attention that Alberta’s oil sands are attracting. Yesterday, French oil giant Total SA (NYSE: TOT) announced that it is paying C$1.35 billion for Deer Creek Energy Ltd. (TSX: DCE), to obtain a controlling interest in the Joslyn oil sands project. Just the previous day, Texas-based Kinder Morgan Inc., agreed to buy Terasen Inc. (TSX: TER, formerly BC Gas) for its pipeline assets to move crude from Alberta.

The increasing interest in the oil sands makes my decision to sell a portion of my investment in Canadian Natural (TSX: CNQ) look dumb (I still think it was the right move. Oil might just as well have gone to $30 instead of above $60). Since my sale, CNQ has risen an impressive 57%.

Note: A follow-up on yesterday’s post on investing in commodities: As if on cue, RBC has announced the availability of Series 2 of the commodity-linked notes. (Thank you, Jason).

Sgt. Smokey Smith, Canada’s last surviving winner of the Victoria Cross, passed away in Vancouver. We owe the many freedoms we take for granted to brave men and women like Sgt. Smith. May he rest in peace.

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