Sinopec buying Canadian oil and natural gas producer for C$2.2B; Duvernay shale play
Green Car Congress
OCTOBER 10, 2011
China’s Sinopec International Petroleum Exploration and Production Corporation will purchase of all of the issued and outstanding common shares of Daylight Energy Ltd., Sinopec’s consideration offered for Daylight common shares under the purchase arrangement represents a 43.6% billion (US$2.13 billion) in cash.
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