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The new energy trusts trade on Canadian markets with a portfolio of assets in oil-rich places like Texas and Oklahoma.
The new energy trusts trade on Canadian markets with a portfolio of assets in oil-rich places like Texas and Oklahoma.
(PAT SULLIVAN/)

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Meranex Energy pulls IPO, Crius on track

Canadian investors are getting picky when it comes to which of a new breed of cross-border energy trusts they will buy.

Buyers shunned Meranex Energy Trust, which on Tuesday cancelled its planned $150-million initial public offering, but are showing more interest in an offering from Crius Energy Trust that sources say appears to still be on track.