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PE-backed oil producer Serafina Energy weighs sale: Reuters

Calgary-based oil producer Serafina Energy is looking at a possible sale, figuring that high crude prices will boost its value, Reuters reported.

Calgary-based oil producer Serafina Energy is looking at a possible sale, figuring that high crude prices will boost its value, Reuters reported. The company could fetch more than C$1 billion ($782 million) if a sale happens. Serafina’s private equity owners Pine Brook Partners and Camcor Partners are seeking to exit their investment made in 2014 and have reached out to potential buyers to gauge interest.

Source: Reuters