(EnergyAsia, October 23 2012, Tuesday) — Canadian oil and gas stocks tumbled as an immediate response to the government’s shock decision to reject a generous C$5.9-billion offer by Malaysian state energy firm Petronas to take over mid-sized Calgary-based Progress Energy Resources Corp. Longer term, it might cast a shadow over Canada’s attraction as a destination…
MALAYSIA: Canadian oil industry, economy brace for fallout from rejection of Petronas takeover offer
Posted on October 23, 2012 by EnergyAsia