Pipestone shareholders voted to approve the deal last week in a move to create the fifth largest oil producer in
Under the terms of the deal, Pipestone shareholders received 9.05 per cent of the equity in the merged company, while Strathcona becomes a public company.
It will be listed on the
Trading of Strathcona shares is expected to begin on or about Thursday when Pipestone's shares will be delisted.
The companies have said the merged company will have production of about 185,000 barrels of oil equivalent per day across the
This report by The Canadian Press was first published
Companies in this story: (TSX:SCR, TSX:PIPE)
© 2023 The Canadian Press. All rights reserved., source