Canada CBM leader on wobbly perch
Rumor has Trident Exploration, largest pure coalbed methane company, up for sale; EnCana, Nexen, Husky possible purchasers
For Petroleum News
The two-pronged dive in natural gas prices and rise in drilling costs over the last year, combined with a rising debt, could be about to topple a leader in Canada’s coalbed methane sector.
Downtown Calgary is abuzz with rumors that Trident Exploration, a unit of Texas-based Trident Resources, is up....
[additional news subjects in this story]
Minority shareholders working on restructuring debt
Nexen, Husky possible suitors
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