U.S.-controlled assets up for grabs

Marathon seeks buyers for Western Canadian properties; others put assets on block to seize advantage of high commodity prices and avoid shrinking exploration prospects

Gary Park

Petroleum News Calgary Correspondent

The U.S. buying binge in Canada’s oilpatch is showing signs of going into reverse, in keeping with analysts’ expectations. Marathon Oil. Corp., the fourth-largest oil company in the United States, led the way March 31 by inviting bids on all of its conventional assets in the Western Canada Sediment....

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Companies cleaning house

Assets, companies, on market