In Alberta, regulations have historically prohibited purchasers of oil and gas assets from cherry picking operating interests in economic properties while leaving behind interests in uneconomic wells. This has had a significant negative impact on the ability of a receiver or trustee to market and sell assets owned by insolvent companies and on the prices those assets are able to attract.
Canada, Alberta, Energy & Natural Resources, Insolvency & Restructuring, McMillan LLP, Liability (financial accounting), Alberta Energy Regulator, Bankruptcy and Insolvency Act 1985 (Canada)