A $1.4B deal and LNG bolster view for Canada's biggest gas producer
Varcoe: A $1.4-billion takeover and progress on LNG bolster the outlook for Canada's biggest gas producer, Tourmaline Oil Corp.
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Varcoe: A $1.4-billion takeover and progress on LNG bolster the outlook for Canada's biggest gas producer, Tourmaline Oil Corp.
ANNUAL INFORMATION FORM FOR THE YEAR ENDED DECEMBER 31, 2022 March 1, 2023 ... | March 2, 2023
Canadian natural gas prices are heating up this spring and so is the pace of deal-making in the sector. Tourmaline Oil Corp., already the country’s largest gas producer, announced Friday it acquired privately held Black Swan Energy Ltd. in a deal valued at $1.1 billion. It’s another key purchase for Tourmaline as it continues to gobble up prime gas assets, and it comes while mergers and acquisitions have swept through the hard-hit sector. By the...
Tourmaline Oil Corp. announced Friday it acquired privately held Black Swan Energy Ltd. in a deal valued at $1.1 billion.
Tourmaline Oil Corp. announced Friday it acquired privately held Black Swan Energy Ltd. in a deal valued at $1.1 billion.