Canadian trusts face ‘brave new world’
NAL sets standard with 4 deals in recent months as it bulks up prior to joining corporate world once trusts lose tax-free shelters
For Petroleum News
NAL Oil & Gas Trust is rapidly becoming a leader among Canada’s trusts as it settles on a future strategy with barely one year left before losing its tax-free status.
It struck an agreement Oct. 13 to take over Breaker Energy for C$403 million (including the assumption of C$93 million in net debt) —....
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Deal follows earlier buys
No single solution
More capital appreciation
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