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Chinook shares jump on asset sale news Add to ...

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Investors are pleased with Chinook Energy Corp.’s decision to unload its Tunisian assets, in order to focus on popular plays in Western Canada.

Shares in Chinook jumped 4 per cent to a new high of $2.66 on the Toronto Stock Exchange on Monday after the company said Indonesia’s PT Medco Energi Internasional Tbk was buying Chinook’s North African assets for $128-million (U.S.).

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