InvestorsHub Logo
Followers 7
Posts 2231
Boards Moderated 0
Alias Born 06/28/2008

Re: GoldenZ post# 59392

Thursday, 10/22/2009 9:26:21 PM

Thursday, October 22, 2009 9:26:21 PM

Post# of 648604
BQI getting a boost from the buyout fever among the energy trusts?

More Canada Energy Deals May Follow Korea’s Harvest Acquisition

By Sonja Franklin and Shinhye Kang

Oct. 22 (Bloomberg) -- Korea National Oil Corp.’s agreement to buy Harvest Energy Trust for a 37 percent premium may be followed by more deals for Canadian energy companies as crude prices continue to rise, investors said.

“There is a lot of product out there to be bought, and it seems that financial markets are cooperative and companies are able to raise the money to buy,” said Les Stelmach, co-manager of the C$400 million ($381 million) Bisset Income Fund in Calgary.


http://bloomberg.com/apps/news?pid=20601087&sid=aeBCto5f.zQA

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.