Pages

Tuesday, September 18, 2012

Natural Gas Juniors Face Selling Crown Jewels

I like this part with Petrobakken sitting on $1.1 billion of liquidity:


Leslie Kende, managing director of acquisitions and divestitures for AltaCorp Capital Inc., a partner with ATB, said there are probably assets producing 200,000 barrels of oil equivalent per day on the block in Canada but a buyer-seller gap is preventing deals being done.
“There are 17 companies currently in strategic alternatives processes that are advertising and being broadly shopped. That’s about 65,000 boe/d,” he said. “And there are 35 asset packages, giving us another 76,000 boe/d.”
Unpublished sale attempts account for the rest.

Full Article: http://www.calgaryherald.com/business/energy-resources/Tougher+times+ahead+Alberta+junior+natural/6764914/story.html

No comments:

Post a Comment