Teine Energy bought the Penn West assets, with backing from the Canadian Pension Plan Investment Board. A sale of oil-producing assets in Saskatchewan last week for nearly $1 billion has seemingly turned Penn West around. A few weeks ago, Penn West warned it may default on its debt. At this point, an oil price rally alone may not save them. (Kyle Bakx/CBC)Consulting firm Platts said Canada is an attractive market, especially with the heavy oil production from the oilsands.

Source: CBC News June 15, 2016 12:56 UTC