Foreign buyers show fresh interest as asset sales resume in Canadian energy sector
As oil prices rise, more Canadian oil and gas companies are striking deals to buy and sell their competitors and the frothy market has begun luring in foreign private equity players into the domestic oil patch.
Cenovus Energy Inc. president and CEO Alex Pourbaix said Tuesday that his company may look to resume asset sales that were paused in bear markets in previous years.
Original Article Source Credits: Financial Post , https://financialpost.com/
Article Written By: Geoffrey Morgan
Original Article Posted on: April 6, 2021