Let's begin with this post, though, from November 8, 2013: the ten fastest growing energy companies in North America:
- Pacific Rubiales Energy Corp - Canada
- Pembina Pipeline Corp - Canada
- HollyFrontier Corp - Texas
- CLR - Oklahoma
- Concho Resources - Texas
- Energy Transfer Equity, LP - Texas
- EOG Resources, Inc - Texas
- Denbury Resources Inc - Texas
- Crescent Point Energy Corp - Canada
- Buckeye Partners, LP - Texas
I say all that because a reader sent me this link: Pembina Pipeline is buying smaller rival Veresen Inc for almost $10 billion, including debt, giving Pembina access to natural gas pipelines and processing infrastructure. The combined company will have a strong position in the Western Canadian Sedimentary Basin, home to the world’s third largest crude reserves.
This deal follows two other recent huge deals in the pipeline sector:
- Enbridge buys Spectra, previously blogged, for almost $30 billion
- TransCanada buys Columbia Pipeline Group, for about $10 billion
There are several story lines here.
Much more at the link.
It is interesting that Enbridge did not make the top-10 list in 2013.
Word For The Day: Tsundoku
The Japanese have a word for one who collects too many books:
The desire to buy more books than you can physically read in one human lifetime is actually so universal, there’s a specific word for it: tsundoku. Defined as the stockpiling of books that will never be consumed, the term is a Japanese portmanteau of sorts, combining the words “tsunde” (meaning “to stack things”), “oku” (meaning “to leave for a while”) and “doku” (meaning “to read”).One wonders if "tsunami" and "tsundou" have the same root word, or similar etymology. I know that being crushed under my bookcases, should they fall, would be similar to being crushed by a tsunami.