Canadians opt for debt
Historic lows for interest rates, highs for commodity prices, plus vast pools of capital in U.S. prompt oil sands operators to issue debt rather than shares
For Petroleum News
For almost a quarter century debt has been out of favor in the Canadian oil patch, tarnished by the collapse of Arctic explorer Dome Petroleum, which buckled under an unmanageable load of C$6.2 billion.
But it seems debt is now back in favor, especially in a world of low interest rates, high commodi....
[additional news subjects in this story]
Western Oil Sands closes five-year credit facility
UTS Energy says it will likely enter debt market
Carmata: labor, materials competition
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 $69 per year.
Subscribers log in here to read the entire newspaper (1998 to 06/24/2013)
Print this story | Email it to an associate.
Petroleum News - Phone: 1-907 522-9469 - Fax: 1-907 522-9583
circulation@PetroleumNews.com --- http://www.petroleumnews.com ---
S U B S C R I B E
Copyright Petroleum Newspapers of Alaska, LLC (Petroleum News)(PNA)©2013 All rights reserved. The content of this article and web site may not be copied, replaced, distributed, published, displayed or transferred in any form or by any means except with the prior written permission of Petroleum Newspapers of Alaska, LLC (Petroleum News)(PNA). Copyright infringement is a violation of federal law subject to criminal and civil penalties.