Trimming Canada’s energy trust sector
For Petroleum News
The anticipated downsizing of Canada’s energy income trust sector has inched ahead with Advantage Energy Income Fund and Sound Energy Trust linking up to create a new company with an enterprise value of C$2.7 billion.
The C$257 million stock-and-cash deal results from Sound’s decision two months ago....
[additional news subjects in this story]
New company will have higher percentage of oil
Only one other upstream transaction this year
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