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Occidental Pays Enerplus C$500 for Joslyn Oil Sands Stake

FP Trading Desk submits: Enerplus Resources Fund (ERF) will receive C$500-million from Occidental Petroleum Corp. (OXY) for its 15% interest in the Joslyn oil sands project. The proceeds will initially be alloted to reducing the company’s bank debt, but may eventually be used for acquisitions or development opportunities, according to Canaccord Adams analyst Kyle Preston, who noted that the trust...

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L.A.'s Occidental buys Enerplus tar-sands stake to tap oil reserve

Enerplus Resources Fund has sold its minority stake in the Joslyn oil-sands lease for $500 million to U.S. firm Occidental Petroleum Corp. so that it can focus on another major project.

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Occidental Petroleum to Acquire 15% Interest in Joslyn Oil Sands Project

Occidental Petroleum Corporation is purchasing a 15% interest in the Joslyn Oil Sands Project in Alberta, Canada from Enerplus Resources Fund for C$500 million (US$491 million).

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Enerplus Resources sells Joslyn oilsands stake for $500M

Enerplus Resources Fund has sold its 15 per cent stake in the Joslyn oilsands lease for $500 million to U.S. firm Occidental Petroleum Corp., the Calgary-based trust reported Monday.

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Research and Markets: Enerplus Resources Fund Oil and Gas Assets Report Available Now

This report is an essential source for company data and information. The report examines Enerplus Resources Funds key business structure and operations, history and products, and provides summary analysis of its key revenue lines and strategy. It provides a unique insight into the companys major oil and gas assets and their historic performance.

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Research and Markets: Enerplus Resources Fund Oil and Gas Assets Report Available Now

This report is an essential source for company data and information. The report examines Enerplus Resources Fund's key business structure and operations, history and products, and provides summary analysis of its key revenue lines and strategy. It provides a unique insight into the company's major oil and gas assets and their historic performance.

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Research and Markets: Enerplus Resources Fund Oil And Gas Assets Report Provides A Unique Insight Into The Company's Major Oil And Gas Assets And Their Historic Performance

PermalinkTo save a permanent link to this news, right-click the dateline (Ctl-click on a Mac) to copy the link.Research and Markets: Enerplus Resources Fund Oil And Gas Assets Report Provides A Unique Insight Into The Company's Major Oil And Gas Assets And Their Historic Performance DUBLIN, Ireland--()--Research and Markets () has announced the addition of “Enerplus Resources Fund Oil and Gas Assets...

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Enerplus to Reevaluate Its 15 % Stake in Joslyn Oil Sands Project

FP Trading Desk submits: On Tuesday Enerplus Resources Fund (ERF) said that it will begin a review of strategic options regarding its 15% working interest in the Joslyn oil sands lease. Complete Story »

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Enerplus puts Joslyn oil sands stake in play

Enerplus Resources Fund says it may sell its 15-per-cent stake in the Joslyn oil sands project in Alberta as it seeks to ''rebalance'' its portfolio.While Joslyn provides ''attractive long-term potential,'' Calgary-based Enerplus now plans to concentrate on its Kirby oil sands project, which it operates and owns.

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Enerplus in friendly deal for Focus Energy Trust

Enerplus Resources Fund said Monday it has struck a friendly deal worth about $1.22 billion to acquire Focus Energy Trust.

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Enerplus Resources Fund Selects Workstream to Manage Compensation

BURLINGAME, Calif.--(BUSINESS WIRE)--Workstream Inc., (NASDAQ: WSTM), a leading provider of on-demand compensation, performance and talent management solutions, today announced that Enerplus