Company News: M&A activity strengthens amon US, Canadian firms

Merger and acquisition activity among US and Canadian oil and gas companies has once again gained momentum. These transactions are continuing to reshape the landscape of the Canadian oil and gas industry (OGJ, Feb. 26, 2001, p. 28).Among the deals unveiled in recent weeks:Vintage Petroleum Inc., Tulsa, said it plans to acquire Genesis Exploration Ltd., Calgary, for $898 million (Can.), including debt.Calgary-based Enbridge Inc. and Midcoast Energy Resources Inc., Houston, late last month signed a definitive agreement to merge in a transaction valued at $600 million.Provident Energy Trust will acquire Calgary-based Maxx Petroleum Ltd. in a $133 million (Can.) deal involving cash, stock, an...

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