U.S. players jettison Canadian assets

Eager to cash in value and chase ‘higher growth areas,’ ChevronTexaco and Murphy Oil put Western Canada conventional assets on market

Gary Park

Petroleum News Calgary Correspondent

It’s not yet a full-fledged retreat, but there is the sound of scampering feet in Calgary as U.S.-based E&P companies pull up stakes in Western Canada’s conventional plays, eager to take advantage of a market hungry for assets. In the space of two days, ChevronTexaco and Murphy Oil have put at least....

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