U.S. firm buying Northstar

Article Abstract:

Devon Energy Corp. of Oklahoma City, OK, is acquiring North Energy Corp. of Calgary, Alberta, for C$828 million, catapulting the company into the top 15 US-based independent oil and gas producers. The new company, which will also be among Canada's top 20 producers, will have combined proven reserves of about 1.2 trillion cubic feet of gas and 117 million barrels of oil. Northstar will continue to operate under Canadian management and under the Northstar name in Canada. Although the companies describe the transaction as a merger, analysts say it is an acquisition because Devon will assume Northstar's debt of C$455 million.

Comment:

Is acquiring North Energy of Calgary, Alberta, for C$828 million

Asset sales & divestitures, Acquisitions & mergers, Crude Petroleum and Natural Gas Extraction, Crude Petroleum & Natural Gas, Petroleum industry, Natural gas, Petroleum, Gas industry, Devon Energy Corp., Article, North Energy Corp.

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Corus aims for the big stage

Article Abstract:

Corus Entertainment Inc intends to evolve into a media giant that will be able to compete with the major industry players. The company, which was spun off from Shaw Communications Inc on Aug 30, 1999, will begin formal trading on Sep 3, 1999, at the Toronto Stock Exchange. Corus, which is under the leadership of president and CEO John Cassaday, already owns 14 radio stations and a number of specialty television stations such as Treehouse TV, Country Music Television and YTV.

Strategy & planning, Radio and Television Broadcasting, Radio & TV Broadcasting, Corus Entertainment Inc.

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Copps got federal rules eased for hometown firm

Article Abstract:

Camco Inc will not have to produce refrigerators based on new energy efficient standards until 2002 due to the intervention of Heritage Minister Sheila Copps. A loss of 300 jobs was a possibility if the minister had not interfered for a company in her locale.

Refrigerators, Household Refrigerator and Home Freezer Manufacturing, Pollutants produced & recycled, Household refrigerators and freezers, Production management, Management, Environmental aspects, Home appliances industry, Appliance industry, Canadian General Electric Company Ltd., Camco Inc.

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