Royalty trusts suck capital from Canadian exploration, developmentTrust ‘frenzy’ may have cost drilling contractors C$2 billion, says chief executive officer of Precision Drilling, but some observers expect wave will eventually break up Gary Park PNA Canadian Correspondent
The parade of mid- and small-sized E&P companies converting themselves into royalty trusts, to an eager response from investors, has produced a grim downside in the drilling sector.
Hank Swartout, chief executive officer of Precision Drilling Corp., said Nov. 5 that the “trust frenzy” has slashed a....
Some believe frenzy will end
You must be logged in to view this story. Please either log in or subscribe.
Click here to subscribe to Petroleum News for as low as $89 per year.
Subscribers log in here to read the entire newspaper (1998 to 09/29/2019)
Print this story | Email it to an associate.
Petroleum News - Phone: 1-907 522-9469 - Fax: 1-907 522-9583
[email protected] --- https://www.petroleumnews.com ---
S U B S C R I B E
Copyright Petroleum Newspapers of Alaska, LLC (Petroleum News)(PNA)©1999-2019 All rights reserved. The content of this article and web site may not be copied, replaced, distributed, published, displayed or transferred in any form or by any means except with the prior written permission of Petroleum Newspapers of Alaska, LLC (Petroleum News)(PNA). Copyright infringement is a violation of federal law subject to criminal and civil penalties.
| 