Strathcona Resources to go public via deal to buy Pipestone Energy — via financialpost
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In a conference call on Aug. 1, Waterous said that Strathcona has decided to go public since it believes that the sector in general is undervalued and provides “multiple attractive acquisition” opportunities. He added that while many of Strathcona’s targets were happy to take cash, there are others interested in partnering with the company by acquiring shares in a public company.Article content
Owned by private equity firm Waterous Energy Fund, Strathcona has been a big buyer of Canadian oil and gas assets ever since it was formed in 2020. It acquired Saskatchewan-based heavy oil company Serafina Energy Ltd. in August last year. It purchased Caltex Resources in March 2022 and Osum Oil Sands Corp. in June 2021.
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