Canadian Oil Giants Merging
March 23, 2009 at 14:02 PM EDT
Suncor Energy (SU) has announced plans to acquire one of its rivals Petro-Canada (PCZ) in a US$15 billion all stock acquisition. The merger will create the largest Canadian energy company, at a time when oil is rising above $50 per barrel, up 10% last week and another 3% so far on Monday. Canada [...]
