Mosaic Energy B.C. and Alberta assets draw “considerable” interest

Must Read

First Nations Health Authority chief medical officer concerned with rising COVID-19 cases

The B.C. First Nations Health Authority acting chief medical officer Dr. Shannon McDonald said she knows all...

TransAlta and Tidewater selling Pioneer Pipeline to Atco instead of TC Energy

CALGARY — TransAlta Corp. and its partner, Tidewater Midstream & Infrastructure Ltd. have signed a new deal to sell...

Northern Health Region sees three new cases of COVID-19

VICTORIA, B.C. - Three new cases of COVID-19 were confirmed on Wednesday, bringing the total in the Northern Health...

FORT ST. JOHN, B.C. – According to Ernst & Young, there is “considerable” interest in the
B.C. and Alberta assets of Mosaic Energy who are a private Calgary-based company that went into receivership in April.

There was a report sent to an Alberta court last week and it showed that 32 bidders made offers on 3 packages. The report also says that ARC Resources’  (based out of Calgary) bid for the B.C. properties should be accepted. There is no word on pricing details.

Mosaic had been building a site near Fort St. John.

- Advertisement -

Merger and acquisitions experts have said most of the smaller players have been “weeded out” after 26 receiverships this year and 20 in 2015.

- Advertisement -

Community Interviews with Moose FM


Subscribe to our newsletter

Get the latest news delivered to your mailbox every morning.

More Articles Like This