No Progress for Petronas, Spells Carnage in Calgary

¬†Canadian Federal Government late Friday announced that it has denied Calgary-based Progress Energy Resource’s (PRQ) $5-6 billion take over by Malyasian state-owned oil compnay Petronas. The decision was unexpected as market perception was that this is a relatively small deal and Malaysia is no China and should be considered a friend rather then a threat. …

No Progress for Petronas, Spells Carnage in Calgary Read More »