The spin goes onEnergy trust sector breaks new ground with merger of E&P firms in C$1B deal, plus spin off of two junior companies to explore high-risk plays Gary Park Petroleum News Calgary Correspondent
The Canadian oil patch is in full spin cycle.
It started in the 1990s as major E&P companies found that trying to replace diminishing reserves through the drill bit was a losing proposition. So they started spinning off conventional assets to a variety of buyers, with juniors among their leading pu....
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First merger of producers to form a trust
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