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Pumpjacks at work pumping crude oil near Stettler, Alta., June 20, 2007. Alberta's oil pipeline hub, where millions of barrels of crude flow each day to pipelines that feed markets in Canada and the United States is a beehive of activity. Analysts expect many Canadian oil sands companies to surge, most notably Whitecap Resources.
Pumpjacks at work pumping crude oil near Stettler, Alta., June 20, 2007. Alberta's oil pipeline hub, where millions of barrels of crude flow each day to pipelines that feed markets in Canada and the United States is a beehive of activity. Analysts expect many Canadian oil sands companies to surge, most notably Whitecap Resources.
(Larry MacDougal/The Canadian Press)

Investors snap up Whitecap acquisition financing

Whitecap Resources Inc. has repeated recent equity-issue success with its latest financing, a $125-million deal to fund its acquisition of Alberta light oil assets.

The bought-deal offering of subscription receipts, led by National Bank Financial, was a hot seller, according to several investment-industry sources. “Amazing demand,” was how one described it.