Canada puts squeeze on PetronasStartles observers by spurning Malaysian giant’s takeover of Progress; Harper says investors must wait on new policy framework Gary Park For Petroleum News
The Canadian government dropped a bombshell at 15 minutes before midnight on Oct. 19.
With the clock running down on a deadline, it spiked approval of the planned takeover of Canadian natural gas producer Progress Energy Resources by Malaysia’s state-owned Petronas.
The terse explanation by Industry....
[additional news subjects in this story]
Approval seen as formality Nov. 19 deadline Issues, remedies Confused messaging
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