Back to Search
Start Over
WHAT THE REICHMANNS SEE IN CANADA'S OIL PATCH.
- 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.
- Subjects :
- MERGERS & acquisitions
PETROLEUM industry
Subjects
Details
- Language :
- English
- ISSN :
- 00077135
- Issue :
- 2898
- Database :
- Complementary Index
- Journal :
- BusinessWeek
- Publication Type :
- Periodical
- Accession number :
- 18662668