The Globe and Mail reports in its Thursday, Aug. 20, edition that with crude oil trading a tad above $40 a barrel, it will not just be struggling companies such as Penn West Petroleum (down 7.2 per cent to $1.02 a share), Pengrowth Energy (down 6.7 per cent to $1.52) and Baytex Energy (down 15 per cent to $7.10), that will be pressured to sell some of their better assets. The Globe's Carrie Tait writes that TD analyst Menno Hulshof says Cenovus Energy and MEG Energy could soon be takeover targets. Their depressed share prices, in light of their oil sands production costs, could make them attractive to competitors looking to expand. Companies producing oil using steam-assisted gravity drainage or cyclic steam stimulation would be "bleeding cash on every barrel of bitumen produced," with West Texas Intermediate at about $42 a barrel and Western Canadian Select at $24 a barrel, says Mr. Hulshof. The average break-even oil price for Canada's six major oil sands projects, excluding mining operations, is $43.90 a barrel, Mr. Hulshof calculates. His estimate climbs to $50.78 a barrel when sustaining capital costs are included. Both exclude corporate costs such as interest and salaries.