Posted AT 6:43 PM EST on 03/11/09
OPTI weighs sale of company
Calgary — Oil sands developer OPTI Canada Inc. said Tuesday it may seek a buyer as part of a review of strategic alternatives as the pace of takeovers in the country's energy sector picks up.The move comes as OPTI tries to deal with its flagging share value as the price of oil strengthens but its main project struggles to produce reliably in its early months.The company, known for its 35 per cent stake in Nexen Inc.'s Long Lake, Alta.
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