"Abu Dhabi National Energy Co., the Persian Gulf petroleum and power producer known as Taqa, is hunting for acquisitions in Canada's oil sands, home of the world's second-largest crude deposits outside Saudi Arabia, according to two people involved in the search."
"The companies that could become targets for takeover are the smaller distressed ones that are going through bank reviews now from a credit perspective," said Will Lee, an analyst at CIBC World Markets Inc. in Toronto."
IMO Conacher Oil & Gas(TSX:CLL), Habanero Resources(TSX-V:HAO),Bronco Energy (TSX-V:BCF), Oilsands Quest (AMEX:BQI), Petrobank Energy(TSX:PBG), Enerplus Reources Fund(NYSE:ERF), Baytex Energy Trust(NYSE:BTE) are some of the public companies that Taqa might be interested in.
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