CANADA ACQUISITIONS
June 1st, 2001
BY MONICA DOBIETHE CANADIAN oil and gas industry has seen its largest corporate take-over when Houston-based Conoco Inc. agreed to buyout Gulf Canada Resources for CAN$6.7 billion in cash.The deal will serve up a large piece of the natural gas pie for Texan giant Conoco in Canada, especially in the relatively untapped Mackenzie Delta gas deposits in the Northwest Territories.The American company's decision to acquire Gulf Canada is politically timely, given the current desire of Washington to exploit new energy sources in Alaska and the far north of north ...
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