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Gold/Mining/Energy : Strictly: Drilling and oil-field services
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To: Douglas V. Fant who wrote (71789)8/28/2000 9:08:12 AM
From: WWS  Read Replies (1) of 95453
 
Canadian "invasion" continues. PanCanadian buys o&g assets of Montana Power, adding about 100mmcf/d of ngas production to its base of about 1000mmcf/d. Plus getting lots of reserves to explore on both sides of the border. This is the second recent acquisition of US ngas assets by a Canadian player, the first being AOG's acquisition of McMurray Oil for its big Jonah field in Wyoming. Canadians beating the bigger US based e&p companies to the punch on these acquisitions (and also Husky's recent acquisition of Renaissance) suggests that the aggressive acquisition by Canadian senior producers is supported by their prospects of further increasing both production and cash flow.
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