Third, Canada’s Oil Sands have a significantly lower breakeven point, and can still eke out a profit at oil prices that would make the majority of U.S. Shale Patch companies print red. The average breakeven oil price for Canada's oil sands is approximately $40–$57 per barrel of crude, with recent estimates suggesting even lower costs for some large producers. Half-cycle breakeven prices can go even lower, ranging from about $18 to $45 per barrel. Recent cost reductions are due to technological improvements ...