Canada energy trusts seize the moment
Three deals worth a combined C$2 billion indicate positive long-term view of natural gas despite a depressed pricing period
By Gary Park
For Petroleum News
Three Canadian energy trust transactions in the space of three days involved almost C$2 billion in the latest round of mergers in the sector as dealmakers apparently decided the time may be ripe to pick off some natural gas assets.
Pengrowth Energy Trust spent C$1.1 billion to buy Esprit Energy trus....
[additional news subjects in this story]
Pengrowth paying $18.50 per boe
True pays 16% premium
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