Precision Drilling Sells Stake

摘要

Alberta's public-sector fund manager is buying a 15% stake in Precision Drilling Trust for about C$380 million ($308 million) in a deal that prevents Canada's biggest oil driller from running afoul of its lenders. Precision units fell 8% to C$4.53 on the Toronto Stock Exchange as investors fretted over the prospect of new trust units hitting the market as part of the transaction.