Suncor sells ND north sea assets to Dana Petroleum

Welcome To The Ithaca Energy HUB On AGORACOM

Edit this title from the Fast Facts Section

Reply New Message

Prev Message Back To Forum Threaded View Next Message

AndyK

Rank: President [?]

Points: 4330 [?]

Votes: 52 Score: 3.7 [?]

Your Vote:

Please Log In to Vote

Did you know? You can earn activity points by filling your profile with information about yourself (what city you live in, your favorite team, blogs etc.)

Suncor sells ND north sea assets to Dana Petroleum

posted on Jun 14, 2010 01:48PM

http://www.theglobeandmail.com/report-on-business/industry-news/energy-and-resources/suncor-sells-petro-canada-netherlands/article1603117/

The story is significant to IAE as it is about Suncor selling off non-core assets that it holds.

Next to go will be the UK assets in the north sea, which I believe that IAE will try to buy.

Why else would you bring in the former Petro-Canada CEO, who was responsible for buying those assets in the first place.

No time line on this event, but I would imagine by the end of the summer? Just a guess, but it could add to the bottom line for a larger production profile.

To me that would be a good debt to have. We will see.

Andy

PS: PIE-X is having a good ride. thanks for the tip RealTime

Reply New Message

Prev Message Back To Forum Threaded View Next Message

Please to post a reply