Canada's 'Gas City' looks to sell energy assets as costs of cleaning up aging wells balloon [Financial Post (Toronto, Ontario, Canada)]
Aurora Cannabis Inc. - Common Shares (ACB)
Company Research
Source: Financial Post
CALGARY – The City of Medicine Hat is in talks to sell more of its municipally owned oil and gas assets, as the province’s historic natural gas boomtown tries to manage aging wells with ballooning environmental clean up costs and well remediation liabilities. “The City of Medicine Hat has reached out to the province to arrange a meeting to discuss their abandonment and reclamation obligations. This meeting has not yet taken place,” said Kavi Bal, press secretary to Alberta Energy Minister Sonya Savage, in an email response to questions. Last week, officials from the city had planned to meet with Savage and Associate Minister of Natural Gas Dale Nally to discuss the transfer of oil and gas assets to a private sector company. The meeting was scheduled for Tuesday, July 14 but was postponed at Medicine Hat’s request, the Financial Post has learned from multiple people familiar with the matter. Given its past riches of easily accessible natural gas deposits, Medicine Hat is known as “The
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ACB
Analyst Actions
- 2/8/24 - CANACCORD
ACB
Sec Filings
- 3/1/24 - Form 6-K
- 2/16/24 - Form 6-K
- 2/8/24 - Form 6-K
- ACB's page on the SEC website