Hunter bid fuels gas stocks
Article Abstract:
Houston, Texas-based gas producer, Burlington Resources Inc., made a $3.3 billion offer for Canadian Hunter Exploration Ltd. which represents an approximately 80 percent premium on Hunter's pre-takeover-rumor price. Displeased Burlington shareholders reacted by driving their company's stock down $1.10 to $35.40 (U.S.)
Publication Name: Globe & Mail (Toronto, Canada)
Subject: News, opinion and commentary
ISSN: 0319-0714
Year: 2001
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Midnight seeking daylight in trust plan: Announces $350-million deal to buy vintage assets, restructure companies
Article Abstract:
Midnight Oil & Gas Ltd. wants to become Daylight Energy Trust, announcing a $350-million deal to buy the Canadian assets of Vintage Petroleum Inc. Daylight Energy Trust plans to pay out around 70 percent of its net cash flow to unitholders, choosing, like other new trusts, to pay out less money so that more money is available for capital spending, for which it is using $145-million of bank credit.
Publication Name: Globe & Mail (Toronto, Canada)
Subject: News, opinion and commentary
ISSN: 0319-0714
Year: 2004
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Deals in close-knit oil patch expected to take hostile turn
Article Abstract:
The impact of slump in natural gas price on mergers in oil and natural gas sectors is discussed.
Publication Name: Globe & Mail (Toronto, Canada)
Subject: News, opinion and commentary
ISSN: 0319-0714
Year: 2006
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