Penn West sells Saskatchewan assets for $975 mln to Teine: Reuters
Canadian energy producer Penn West Petroleum Ltd said that it would sell its Saskatchewan assets, which include holdings in the Viking region, for US$975 million to Teine Energy Ltd, which is backed by Canada Pension Plan Investment Board, Reuters reported. Penn West, which will also sell some of its assets in Alberta for about US$140 million, expects the deal to close in the second quarter this year. CPPIB has invested in Tiene since 2011.
13 June 2016•1 min read
