AIMCo invests in Alberta hydraulic fracturing company

Alberta Investment Management Corporation has entered into a strategic financing relationship with Calfrac Well Services, an Alberta-based pressure pumping services provider, on behalf of certain clients.    The investment, according to AIMCo, is an opportunity for clients to gain direct exposure to the company, which is focused on North America’s unconventional natural gas and light oil plays, plus strategic international markets.    “Calfrac is a global player in the hydraulic fracturing industry,” said Kevin Uebelein, chief executive officer of AIMCo, in a news release. “It is an innovative leader and has set the benchmark for mindful environmental stewardship within its industry. We believe that investments like this one afford our clients the opportunity to participate in the long-term success of top-notch Alberta companies.”