The Globe and Mail

Go to the Globe and Mail homepage

Jump to main navigationJump to main content

A pump jack draws oil from the ground near a hydraulic fracturing operation near Bowden, Alta., Tuesday, Feb. 14, 2012.
A pump jack draws oil from the ground near a hydraulic fracturing operation near Bowden, Alta., Tuesday, Feb. 14, 2012.
(Jeff McIntosh for The Globe and Mail/Jeff McIntosh for The Globe and Mail)

Teine Energy said to target late October for IPO

Teine Energy Ltd., a private company with a big stake in Saskatchewan’s hot Viking light oil, is setting its sights on going public by the end of October, say people familiar with the company’s planning.

Teine, which is led by Canadian oil patch veteran David Tuer as chief executive, is majority owned by Canada Pension Plan Investment Board and has been seen for the last several months as ripe for an initial public offering as the market has heated up.