Canada’s Tourmaline Oil Corp. has announced the acquisition of Crew Energy for some C$1.3 billion, or $950 million, as part of expansion plans ahead of an expected uptick in natural gas prices. Like Tourmaline itself, Crew Energy operates in the Montney Formation and the Alberta Deep Basin, which, the acquiring company noted in its release, are the biggest natural gas reservoirs in Canada. “Generally, the right time (for deals) is at the bottom of cycles, and we think we are near, or at, or past the bottom in the natural gas pricing…
Hence then, the article about canada s top natural gas producer acquires rival to capitalize on higher prices was published today ( ) and is available onOILPRICE ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
Read More Details Finally We wish PressBee provided you with enough information of ( Canada’s Top Natural Gas Producer Acquires Rival to Capitalize on Higher Prices )