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Rig workers in Alberta.
Rig workers in Alberta.
(Kevin Van Paassen/Kevin Van Paassen/The Globe and)

Junior oil producer New Star puts itself up for sale

New Star Energy Ltd., a Calgary-based junior oil company, has put itself up for sale and may be an attractive take-out candidate for a dividend-paying energy producer looking for some growth.

The privately-held company hired Macquarie Tristone to run the sale process, with bids due in September, according to an announcement on the Macquarie Tristone web site.