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Oil and gas company forced to sell itself at 80% discount ‘canary in the coal mine’ for struggling sector – Financial Post

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Oil and gas company forced to sell itself at 80% discount ‘canary in the coal mine’ for struggling sector – Financial Post

Weighed down by burdensome debt and tightening capital flows, Alberta’s energy sector is looking toward consolidation as a solution, but in a market with few buyers, sellers might have to be willing to take a discount.
According to a report published on Oct.…

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