Alberta court rules in favour of creditors in Redwater Energy case

[news]

http://i.cbc.ca/1.3545561.1461184223!/fileImage/httpImage/image.PNG_gen/derivatives/16x9_460/orphaned-well.PNG Alberta's chief justice has ruled that banks and other creditors get priority over Alberta Energy Regulator when a company goes bankrupt, a decision that could lead to many more abandoned oil and gas wells in the province.


More... (http://start.westnet.ca/newstempcb.php?article=business/redwater-energy-bankruptcy-1.3588209)

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