CANADA OIL&GAS M&A
Mike Rose started Tourmaline Oil Corp., now Canada's third-largest natural gas producer, by scooping up land the last time energy companies were in a slump. Seven years on, he's at it again.
Tourmaline bought a gas property last week for C$257 million ($201 million) in shares and Rose, chairman and CEO, plans to pick up additional assets. He's been in touch with large companies he bets will be pressured to sell if low prices persist.
"We've stayed close to certain companies and you kind of peck away at them and maybe you get them in a weak moment," Rose, 57, said in an interview at Bloomberg's New York headquarters.…
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