More international energy players likely to make acquisitions in Canada - Ne... - 1 views
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A handful of medium to small-sized Canadian companies are frequently the subject of takeover speculation, including oilsands players Nexen Inc. (TSX:NXY) and Opti Canada Inc. (TSX:OPC), as well as Talisman Energy Inc. (TSX:TLM), which is a big player in unconventional gas in North America.There has also been talk of either of the two companies resulting from EnCana Corp.'s (TSX:ECA) breakup becoming potential takeover targets.State-owned global energy players would likely be most attracted to a companies with a clear and focused story to tell, said Les Stelmach, co-manager of Bissett Income Fund in Calgary.
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In a note to clients, Thomas Weisel Partners analyst Kurt Molnar pointed out that Korea Gas Corp. recently signed a memorandum of understanding with a company building a liquefied natural gas export facility off the British Columbia Coast.Under that deal, KOGAS would buy 20 years of gas from the Kitimat LNG project, expected to come on stream in 2013."It does not take much imagination to believe that KOGAS might be interested in vertical integration (i.e. owning production in Canada in addition to export supply from Kitimat) if KNOC believed that vertical integration was important to its oil investment in Canada," Molnar wrote.
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from oct 23
