Headlines for Dec. 4, 2017

  1. Yukon Land Use Plan Quashed By Supreme Court Of Canada

    The Supreme Court of Canada has upheld a Yukon Supreme Court ruling that quashed Yukon’s approval of a final land use plan for the Peel watershed, finding it lacked the authority under agreements with Yukon First Nations to make extensive changes to a final plan recommended by an independent commission.

  2. Public Oil And Natural Gas Producers Pursuing More Flexible Debt Structures

    Recently we have seen a number of publicly-traded oil and natural gas companies enter into more unconventional debt structures that have provided them more flexibility along with the additional capital to accelerate the development of their respective asset bases. These new credit facilities replaced existing conventional bank debt that these companies previously had but have come at a significantly higher cost.

  3. Sponsored Content: Accelerate Oil And Gas Transformation With Advanced Technologies

    The Canadian natural resources industry is undergoing enormous change. Volatile energy prices — the reality of US 55 per barrel — reduced production reliability, uncertain market access, the government’s climate change agenda, tightening environmental policy, safety, and compliance concerns along with increasing social drivers, such as social license to operate, all have resulted in industry upheaval.

  4. Malahat LNG Project Scrapped

    The Malahat Nation and Steelhead LNG are no longer exploring the possibility of a liquefied natural gas project in the Saanich Inlet.

  5. Marquee Credit Facility Remains At $12 Million After Review

    Marquee Energy Ltd.’s lender has completed a semi-annual review of the company's credit facility and as part of this review, the credit facility remains at $12 million, however draws are capped at $8.5 million with special approval required to access the remaining $3.5 million. 

  6. Whitecap Closes $425 Million Financing

    Whitecap Resources Inc. has completed its previously announced bought deal financing of subscription receipts and concurrent non-brokered private placement of subscription receipts.

  7. Enbridge In $400 Million Preferred Share Offering

    Enbridge Inc. has entered into an agreement with a group of underwriters to sell $400 million cumulative redeemable minimum rate reset preference shares, Series 19 at a price of $25 per share for distribution to the public.

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