Strathcona Resources to Acquire Pipestone Energy Corp in Bid to go Public

Calgary-based Strathcona Resources Ltd. is set to become the fifth largest oil producer in Canada with the planned acquisition of publicly traded oil and gas exploration company Pipestone Energy Corp (TSX: PIPE). In an all-share deal, the companies will combine to value at $8.6 billion, which Strathcoma claims will position it to have a larger, … Continue reading Strathcona Resources to Acquire Pipestone Energy Corp in Bid to go Public