Apache to sell Canadian Assets

[snowshoe]

http://fuelfix.com/blog/2014/03/31/a...sets-for-374m/

Any thoughts on this? Are we going to see more Canadian sales?

[Reaper]

It says they've struck a deal but I'm more curious as to who is buying.

[calgarygeologist]

A lot of companies are finding that horizontal drilling and fracturing is not producing highly economic results. I know many companies that are focused on plays that involve fracturing are very actively perusing asset sales, mergers or equity funding. It is a buyer's market right now.

[I-Hate-Hulse]

Americans will call it reacting to market conditions, but some will call it shiny nut syndrome... The propensity for US companies/CEO's to torch years of work and invested capital when a new wind blows (especially with new CEO's) is mind bottling. (not just shale gas but the US business mind set in general - yes I know shale gas is revolutionary...)

[crazy_eoj]

We should raise royalties to get our fair share! /greentext

[cmyden]

Originally Posted by Reaper

It says they've struck a deal but I'm more curious as to who is buying.

It's CNRL...

http://www.theglobeandmail.com/repor...ticle17749693/

[Muta]

Apache was building their attack helicopters in Canada?? Sick!

[Violator]

Encana just sold some American assets today to

[MotoRacer]

Originally Posted by I-Hate-Hulse

Americans will call it reacting to market conditions, but some will call it shiny nut syndrome... The propensity for US companies/CEO's to torch years of work and invested capital when a new wind blows (especially with new CEO's) is mind bottling. (not just shale gas but the US business mind set in general - yes I know shale gas is revolutionary...)

It's also mind boggling

[I-Hate-Hulse]

Originally Posted by MotoRacer

It's also mind boggling

Clearly you haven't enough time on CP....