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TRIAF vs. ETF Alternatives
Monday, Sep 1610:33 AMEuropean energy company buys TriOil for $183M
Monday, Sep 1610:33 AM| 4 Comments
- Canada's TriOil Resources (TRIAF.PK) agrees to be acquired by PKN Orlen, Poland's largest petroleum and petrochemical refiner, for $183.7M, or $2.85/share.
- PKN Orlen, which does not have its own oil fields, will gain access to TriOil's total production capacity of ~20M boe as part of the deal: TriOil's assets are located mainly in Alberta.
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