Canadian companies weeding out the weak
New decade launched with flurry of M&A action as Suncor offloads unwanted Petro-Canada assets, PetroBakken adds tech-driver plays
For Petroleum News
Canadian-based companies have added early sizzle to the 2010 mergers and acquisitions market, led by Suncor Energy’s swift action to weed out what Chief Executive Officer Rick George rates as weaker, noncore holdings inherited in the takeover of Petro-Canada.
Once-valued Petro-Canada natural gas as....
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Initial production decline
Assets widely scattered
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