Energy
The acquisition also includes a marketing division in Newfoundland with 69 gas stations, a home heating business that services 20,000 residential and commercial customers, the supply of refined products to commercial and wholesale customers and the bunkering of refined petroleum products.
Zahary said the move "is consistent with our core business strategy of targeting and acquiring value-creating assets and extracting greater value from our operations to benefit our stakeholders." Additionally, Harvest forecast that production for its western Canadian oil and natural gas operations will average about 65,000 to 67,000 barrels of oil equivalent a day in 2007.TheStreet Premium Services
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| Dow Jones | S&P 500 | NASDAQ | 10-Year Note |
|
|---|---|---|---|---|
| 12,435.57 | 1,318.31 | 2,830.09 | 15.81 |
Oil *
101.98
|
|
UP
15.71 |
UP
4.99 |
DOWN
7.27 |
DOWN
0.44 |
10 Yr
1.58%
SPDR Gold
151.83
|
|
+0.13%
|
+0.38%
|
-0.26%
|
-2.71%
|
Data delayed 20 minutes |
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