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Strategies & Market Trends : Booms, Busts, and Recoveries
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To: Condor who wrote (53914)10/3/2004 4:16:51 AM
From: energyplay  Read Replies (1) of 74559
 
What you might see is selctive divestmnet of some properties thought to be in Canada's strategic interest and then a sale of every thing else. The buyer of the properties often gets a good deal.

When BP bought ARCO, the Alaska interests that ARCO had needed to be sold, mostly on anti-trust grounds - BP was already in Alaska big time. Phillips petroleum (not Dutch electronics) bought it at a very good price.
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