Asset-selling spree hits oil patch

Article Abstract:

The number of oil patch assets for sale in Canada has reached record numbers. Approximately C$2.2-billion worth of oil and gas properties are for sale, including the $1.5 billion that has added up on or before the end of June 1998 and the additional C$650 million that were put on sale since. Sale of petroleum assets have been rising for a number of years, but analysts say increasing levels of corporate debt is the reason for the record level of energy real estate sales. Analysts said that bearing pressure on the companies is the prolonged slump in crude oil prices, which reduces revenues.

Comment:

Canada: The number of oil patch assets for sale has reached numbers not seen in almost two-and-a-half years

Asset sales & divestitures, Crude Petroleum and Natural Gas Extraction, Crude Petroleum, Petroleum, Article

---

Canada nears European trade treaty

Article Abstract:

The probable establishment of a treaty by Canada with Norway, Switzerland and Iceland for free-trade is discussed. The treaty will allow an annual business of $11 billion to take place in Canada.

Forecasts, trends, outlooks, Switzerland, International economic relations, Norway, Iceland, Interpretation and construction, Economic aspects, Forecasts and trends, Market trend/market analysis, International trade, Commercial treaties, Trade agreements, Norwegian foreign relations, Canadian foreign relations, Swiss foreign relations, Trade policy, Icelandic foreign relations

---

Similar abstracts:

• Abstracts: Ocelot pulling out of Western Canada. Natural gas prices slide by 10%. Landmark Arctic gas pipeline deal reached
• Abstracts: Caisse was mystery buyer of airline stock. Canada Life set to announce vote on demutualization
• Abstracts: Hollinger Int'l investors turn up the heat. Wary investors turn to cash. Buy, hold... and suffer
• Abstracts: Bombardier seeks damages over jet part. Air Canada forced to cancel flights
• Abstracts: Economy in good shape, majority of Canadians say. WestonEs new, lean diet: stick to the basics

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.