International Petroleum Corporation (OTC:IPCFF) announced this week it entered into an agreement to acquire the Canadian medium oil producer Granite Oil (OTCQX:GXOCF).
Given International Petroleum's strategy, this third acquisition in three years should not surprise investors. Granite Oil represents an ideal fit at a reasonable price for the international oil producer. But investors should keep in mind the execution risks associated with Granite Oil's assets.
Image source: International Petroleum
Note: All the numbers in the article are in Canadian dollars unless otherwise noted.
Why did International Petroleum choose Granite oil?
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