Bonavista to convert to $1-billion income trust

Article Abstract:

Calgary, Alb.-based Bonavista Petroleum Ltd. will direct 90% of its producing assets into an energy trust. The $1 billion transaction, which will transform the company into an income trust, will lead to cash payments to investors.

Financial management, Finance, Company financing, Massachusetts trusts, Business trusts, Bonavista Petroleum Ltd.

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Drilling in West sets pace for record

Article Abstract:

Canadian natural gas producers report rising prices are pushing development in the western region of the country. There are 430 natural gas rigs in operation and petroleum producers plan to drill a record 18,470 wells.

Natural Gas, Crude Petroleum and Natural Gas Extraction, Crude petroleum and natural gas, Labor Distribution by Employer, Statistics

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