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Tue, Aug. 26, 10:58 AM
- NuVista Energy (OTC:NUVSF) agrees to buy additional land in the Montney play in the Wapiti region of Alberta for C$35M, expanding its land position to more than 220 gross sections in the area.
- National Bank calls the purchase “another positive stride” for the oil and gas company.
- NuVista also announces plans to sell up to 2.4M shares to raise C$29.4M.
Apr. 11, 2012, 3:31 PMCanadian lenders are doing their part to slow the glut of natural gas by pulling in loans to producers. "Anybody that's at 50% gas-weighted is in some jeopardy here," says an analyst. Compton Petroleum (CMZPF.PK) plummeted 40% this week after its lenders reduced a facility by $30M to $110M. | Comment!
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