2013-06-28 09:36 ET - In the News
Also In the News (C-ABX) Barrick Gold Corp
The Financial Post reports in its Friday edition Whitecap Resources has agreed to buy energy assets in Alberta from Barrick Gold for $173.6-million. A Bloomberg dispatch to the Post says Whitecap agreed to buy light-oil assets producing 2,900 barrels of oil equivalent a day from Barrick, Grant Fagerheim, chief executive officer of Calgary-based Whitecap, told Bloomberg. Andy Lloyd, a spokesman for Barrick, declined to comment. Barrick said in January it had started a sales process for its oil and gas unit. Chief executive officer Jamie Sokalsky is reviewing growth plans and seeking to offload assets as gold trades near a three-year low and heads for its first annual drop since 2000. Whitecap shares closed Thursday at $10.49, up 26 cents on the Toronto Stock Exchange.