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China shifts interest in Canadian energy companies
The $2.2-billion takeover of Daylight Energy by Asian superpower China signals the vulnerability - and also desirability - of companies whose assets are undervalued in the market, say analysts.
The Daylight-Sinopec deal also marks a move away from Alberta's vast bitumen deposits to unconventional natural gas, a resource China has yet to unlock commercially at home.
Read the full article here.
The $2.2-billion takeover of Daylight Energy by Asian superpower China signals the vulnerability - and also desirability - of companies whose assets are undervalued in the market, say analysts.
The Daylight-Sinopec deal also marks a move away from Alberta's vast bitumen deposits to unconventional natural gas, a resource China has yet to unlock commercially at home.
Read the full article here.