Flying in face of negative sentiment, U.S. private equity giant forms natural gas company in Canada

Flying in face of negative sentiment, U.S. private equity giant forms natural gas company in Canada

CALGARY – Eyeing an opportunity in Canada’s troubled natural gas sector, U.S. private equity giant KKR & Co. Inc. and a partner have created a $1.15 billion Calgary-based company focused on natural gas processing assets in Alberta. Partners KKR and Tulsa-based SemGroup Corp. said Thursday they are injecting capital into SemCAMS Midstream ULC, and spending…

Read More
‘Far too negative’: TREB blasts Ontario Real Estate Association for suggesting dream of home ownership is dying

‘Far too negative’: TREB blasts Ontario Real Estate Association for suggesting dream of home ownership is dying

TORONTO — The president of Toronto’s real estate board warned leaders of the Ontario Real Estate Association, headed by a former Progressive Conservative leader, to “stay in their lane” in an emphatic letter that relays his concerns that the provincial group is stoking fears about the housing market and becoming too political. In a letter…

Read More
‘Negative today, positive going forward’: Canadian Natural shares tumble on Shell divestment but analysts say ‘buy’

‘Negative today, positive going forward’: Canadian Natural shares tumble on Shell divestment but analysts say ‘buy’

CALGARY – Royal Dutch Shell Plc’s move to sell its 8 per cent stake in Canadian Natural Resources Ltd. presents a buying opportunity for investors, analysts say. Shell announced late Monday it would sell its 97.6 million shares in a US$3.3-billion deal underwritten by Goldman Sachs & Co., RBC Capital Markets, Scotiabank and TD Securities.…

Read More