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Athabasca Oil Sands (ATHOF.PK) exercises its option to sell its 40% stake in the MacKay River...

Athabasca Oil Sands (ATHOF.PK) exercises its option to sell its 40% stake in the MacKay River oil-sands project in Alberta to joint owner PetroChina (PTR +4.9%) for C$680M ($669M). The transaction comes less than a week after regulators approved the planned 150,000-barrel-a-day project. (PR .pdf)
Comments (1)
  • cynic2011
    , contributor
    Comments (652) | Send Message
     
    Canada prohibited BHP from buying Potash,but they allow the Chinese to buy up the oil industry. Where's the logic?
    3 Jan 2012, 01:07 PM Reply Like
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