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TransCanada (TRP) agrees to acquire BP's 40% interest in the assets of the Crossfield Gas...

TransCanada (TRP) agrees to acquire BP's 40% interest in the assets of the Crossfield Gas Storage facility in Alberta for $210M. The deal adds 27B cubic feet of natural gas storage capacity to TRP's existing portfolio in Alberta.
Comments (2)
  • saulyablo
    , contributor
    Comments (8) | Send Message
     
    I expect TRP got a good deal because BP needs money to extract itself from the costs associated with the Gulf of Mexico oil spill.
    20 Nov 2012, 06:48 PM Reply Like
  • bobby44
    , contributor
    Comments (181) | Send Message
     
    210 is a good price. even in a slow storage market. Now this will now be integrated as could never have been done with the partnership. Solid move for the future.
    20 Nov 2012, 06:55 PM Reply Like
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