Mining’s old guard needs strong medicine
A new report details subpar investor returns in the mining industry over the last decade, particularly big cap diversified companies which have not adapted to new realities.
Another international oil company is marking its exit from Canada’s energy sector – this time Houston-based Apache Corp.
Apache announced late Thursday that it will complete what has been a staged departure from Canada by selling Alberta and British Columbia assets to Calgary-based Paramount Resources Ltd. Specifically, Paramount will acquire natural gas-focused Apache Canada Ltd. for $459.5-million, deepening the trend towards homegrown ownership in the Canadian energy industry.
