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WHAT THE REICHMANNS SEE IN CANADA'S OIL PATCH.

Authors :
Javetski, Bill
Terry, Edith
Wilson, John W.
Source :
BusinessWeek; 6/10/1985, Issue 2898, p62-63, 2p
Publication Year :
1985

Abstract

The article focuses on the plans of the Reichmann family of Canada to venture in the oil business. The Reichmanns purchased 60.2 percent of Gulf Canada Ltd. from Chevron Corp., which is a third of their estimated $15.6 billion assets. They took advantage of the new favorable policies in the country, focalizing on the country's petroleum industry. However, the Reichmanns are in for new risks, inlcuding the probability of oil price decreases, as well as troubles in interest rates.

Details

Language :
English
ISSN :
00077135
Issue :
2898
Database :
Complementary Index
Journal :
BusinessWeek
Publication Type :
Periodical
Accession number :
18662668