Posted on 04/11/09
Finance woes put another oil sands player on the block
CALGARY -- The operator of one of the oil sands' most troubled projects has put itself up for sale, underscoring the pressure smaller industry players face in the capital-intensive industry.OPTI Canada Inc., which owns a 35-per-cent share of the struggling Long Lake project, said yesterday it has hired financial advisers to find a buyer for the company, sell some of its assets or restructure its debt.
The full text of this article has 681 words.
To continue reading this article, you will need to purchase this article.
Already have a member account? Login now
Pay-Per-View Offers To read the complete article, select one of the following options
Purchasing from globeandmail.com is quick and secure.
