Dallas, Texas 01/10/2014 (FINANCIALSTRENDS) – CANADIAN OIL SANDS (OTCMKTS:COSWF), and other oil and gas exploration companies are likely to see greater action as a new entrant on the Canadian horizon arrives-KKR. The company proposed to commence operation in Calgary by February of this year.
With the oil and gas exploration scenario on Canadian soils on the rise, there is room for high value investment. KKRs Director Brandon Freiman proposes that KKR has the right timing and the market audience to commence action in Canadian provinces. The company is expected to invest in the region of $500 million as initial funds with no higher bounds on its investment in the region.
CANADIAN OIL SANDS (OTCMKTS:COSWF) along with other operators in the region – SU, BTE, BXE, CNQ- should see high action as KRR is expecting to continue in the region as a strong multiple investor across projects. The company has disclosed that it is not keen on holding outright ownership of businesses through takeovers. Instead, financing project will be the business model the company will adopt in the region. Additionally, KRR will move from its current Headquarters at NYC to Calgary.
Calgary is the current epicentre for oil and gas exploration in Canada and KRR expects to move into the center of action in this North American country.
CANADIAN OIL SANDS (OTCMKTS:COSWF) is one of the leading Canada-based oil and gas company which offers services across both the verticals. Its main product line is sweet crude oil of the light variety, with most of its assets being produced from the Syncrude Project.
The Canadian Government too has adopted several pro-oil and gas exploration sector policies to bring international interest to the region. Recently, it has awarded a leading brand-management company to package the country as a – responsible and ecology-conscious country engaged in developing projects across the Canadian Oil sands and leading the development of the region.