| Three Possible Takeover Targets In The Canadian Oil Patch | |
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There has been a lot of speculation about mega-deals like an Exxon Mobil tie up with BP, or a buyout offer for unconventional leaders like Pioneer or Anadarko. So far, the sector has actually been fairly quiet though with both buyers and sellers likely trying to decide when and where long-term oil prices are likely to stabilize. Related: Busting The “Canadian Bakken” Myth However, over the last couple of months the deep freeze has started to thaw and major deals could be in the offing. Royal Dutch Shell’s buyout offer for BG Group may represent the start of a wave of similar deals in the future. And one area where M&A deals may be particularly attractive is the Great White North of Canada. Analysts believe that significant M&A opportunities may appear in the space given (1) the need for cost cutting across the industry and (2) the safe geopolitical environment with rich resource reserves. For those investors looking to get ahead of the game, there are several potentially interesting investments in the Canadian oil sands that would probably draw an offer from a suitor at the right price. Canadian Oil Sands, which trades actively over the counter in the US and on the exchanges in Canada, is a prime example. The stock has fallen considerably as oil prices collapsed and the recent election of a left-leaning government in Alberta have raised concerns over the investment climate. Still, the firm owns the largest stake (~37%) in oil sands miner Syncrude. Imperial Oil, a subsidiary of Exxon Mobil, might be interested in a takeover of the firm, as might fellow oil sands player Suncor. |
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Enerplus Resources Fund
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CODE : ERF |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Enerplus Res. is based in Canada. Enerplus Res. is listed in Canada and in United States of America. Its market capitalisation is US$ 4.8 billions as of today (€ 4.5 billions). Its stock quote reached its lowest recent point on April 03, 2020 at US$ 1.16, and its highest recent level on April 19, 2024 at US$ 20.04. Enerplus Res. has 240 480 000 shares outstanding. |