Anyone else heard this??looks like new news..see below..dwdc
Japanese oil producer eyes Canada divestment as M&A picks up -sources
Calgary-based ARC Resources, which in March bought rival Seven Generations Energy in a C$2.7-billion deal, has sold its Alberta’s Pembina Cardium assets to privately held Ricochet Oil Corp for around C$100 million, four sources familiar with that transaction told Reuters.
The deal enables it to focus on becoming a pure-play Montney producer, one of the sources said.
ARC declined to comment and Ricochet did not respond.