Indicating lower linepack levels than desired, Westcoast changed the tolerance range for daily imbalances Tuesday to 20% pack and zero draft. The normal range is 10% pack and 10% draft.
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Talisman to Add Rigel for C$1.2 Billion
Rigel Energy, a medium-sized producer based in Calgary, got the desired results from its summer-long, self-advertising campaign last week in the form of a $C1.2 billion merger offer from Talisman Energy. Rigel’s board of directors said it will recommend acceptance of the offer to the company’s shareholders. Talisman is expected to mail its formal takeover bid offer on Sept. 2, and the offer will be open for acceptance for at least 21 days, Rigel said.
Talisman to Add Rigel for $C1.2 Billion
Rigel Energy, a medium-sized producer based in Calgary, got thedesired results from its summer-long, self-advertising campaignyesterday in the form of a $C1.2 billion merger offer from TalismanEnergy. Rigel’s board of directors said it will recommendacceptance of the offer to the company’s shareholders. Talisman isexpected to mail its formal takeover bid offer on Sept. 2, and theoffer will be open for acceptance for at least 21 days, Rigel said.
GISB Backs Away From Advocacy Role
While the FERC last week handed the Gas Industry Standards Board(GISB) a much-desired extension of the pipeline industry’s move tothe Internet, a heated debate erupted at the standards-settinggroup’s annual board meeting about whether the Commission wasasking it to tackle standardizing subjects that were “out of thescope” of its role.