Alberta fund buys Precision Drilling stakeAIMCo offers C$280 million in debt, equity financing for land drilling contractor; Precision acquired Grey Wolf in late 2008 Gary Park For Petroleum News
An investment arm of the Alberta government is taking up to a 19 percent ownership position in Precision Drilling Trust by way of a lifeline to keep one of the world’s largest land drilling contractors from being sucked into a debt bog.
Through the Alberta Investment Management Corp., AIMCo, which r....
[additional news subjects in this story]
Political criticism Cash distributions suspended
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 05/19/2022)
|
Petroleum News - Phone: 1-907 522-9469
[email protected] --- https://www.petroleumnews.com ---
S U B S C R I B E
| 