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CanElson Signs 3-year Natural Gas Delivery Agreement with SaskEnergy Subsidiary

CanElson Drilling Inc.'s (CDI.TO) wholly owned subsidiary CanGas Solutions Inc. has signed a 3-year natural gas delivery agreement with Bayhurst Energy Services Corporation, a subsidiary of SaskEnergy, Saskatchewan's Crown-owned natural gas utility.

Under the agreement, SaskEnergy will develop a high-capacity compressed natural gas facility at Weyburn, Saskatchewan, allowing CanGas to become the first commercial supplier in Western Canada of trucked CNG for diesel engines on oil and gas drilling rigs.

CDI edged off by a cent to $5.04 but is trading near year high $5.56.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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