Headlines for March 12, 2015

  1. Athabasca Production Declines, Net Loss Deepens

    Athabasca Oil Corporation’s volumes decreased four per cent to 6,120 boe per day (51 per cent liquids) in 2014 from 6,397 boe per day in 2013, primarily due to natural well declines from the company’s Montney and Duvernay wells (see tables).

  2. NRG Divestitures Announces Joint Sale Of Bindloss Property

    NRG Divestitures has been engaged by Eagle Ranch Resources Ltd. (Eagle Ranch), by and through its Court Appointed Receiver Alvarez & Marsal Canada Inc. (the “Receiver”), along with the independent working interest partner Elkwater Resources Ltd. (Elkwater), to sell their joint interest in the Bindloss, Alberta gas property (Jointly Owned Properties).

  3. Baytex Announces, Then Increases Bought-Deal Financing To $550 Million

    Baytex Energy Corp. has reached an agreement with its syndicate of underwriters co-led by Scotiabank and RBC Capital Markets, pursuant to which the $500 million "bought deal" offering of common shares announced yesterday has been increased to 31.7 million common shares at a price of $17.35 per share, for gross proceeds of $550 million.

  4. Bellatrix Announces Amendments To Bank Credit Facilities

    Bellatrix Exploration Ltd. announces that its syndicate of lenders, led by National Bank Financial as sole lead arranger and book runner and National Bank of Canada as administrative agent, has agreed to amendments to certain of the financial covenants contained in the agreement governing its bank credit facilities.

  5. Husky Closes Preferred Shares Offering, Notes Offering

    Husky Energy Inc. has completed its recently announced public offering of eight million cumulative redeemable preferred shares, Series 5, with a syndicate of underwriters led by TD Securities Inc. and RBC Capital Markets.

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