Strathcona Resources closes Pipestone Energy merger deal

  • 📰 SooToday
  • ⏱ Reading Time:
  • 25 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 85%

Nederland Nieuws Nieuws

Nederland Laatste Nieuws,Nederland Headlines

CALGARY — Strathcona Resources Ltd. says it has closed its merger with Pipestone Energy Corp. Pipestone shareholders voted to approve the deal last week in a move to create the fifth largest oil producer in Canada.

Pipestone shareholders voted to approve the deal last week in a move to create the fifth largest oil producer in Canada.

Under the terms of the deal, Pipestone shareholders received 9.05 per cent of the equity in the merged company, while Strathcona becomes a public company.Trading of Strathcona shares is expected to begin on or about Thursday when Pipestone's shares will be delisted. The companies have said the merged company will have production of about 185,000 barrels of oil equivalent per day across the Cold Lake, Lloydminster and Montney oil-producing regions.The Canadian Press

Wij hebben dit nieuws samengevat zodat u het snel kunt lezen. Bent u geïnteresseerd in het nieuws, dan kunt u hier de volledige tekst lezen. Lees verder:

 /  🏆 8. in NL
 

Bedankt voor uw reactie. Uw reactie wordt na beoordeling gepubliceerd.

Nederland Laatste Nieuws, Nederland Headlines