The COVID-19 pandemic has driven a number of both private and publicly-held Canadian oil and natural gas companies into insolvency proceedings.
June 24, 2020, 9:50 AM MDT
A total of $5.4 billion in capital was raised by the Canadian oil and natural gas industry in 2019, up one per cent from the $5.3 billion raised in 2018.
May 27, 2020, 7:08 AM MDT
The total enterprise value of merger and acquisition (“M&A”) transactions in the Canadian oil and natural gas industry dropped 34 per cent, falling to approximately $8.0 billion in 2019 from the $12.1 billion recorded in the previous year.
March 25, 2020, 8:31 AM MDT
The total amount of capital raised in the Canadian oil and natural gas industry in 2019 slightly increased to $5.36 billion compared to the previous year’s record low of $5.29 billion.
February 26, 2020, 8:33 AM MST
The total amount of equity raised through flow-through share equity financings to date in 2019 in the Canadian oil and natural gas industry, as illustrated in the graph below, is approximately $67 million, down 43 per cent from the $118 million completed in 2018 and 74 per cent lower than the $258 million raised in 2016.
November 27, 2019, 7:48 AM MST
The amount of Canadian oil and natural gas assets available for sale currently is more than double the value versus the same time last year.
October 30, 2019, 6 AM MDT
The total enterprise value of merger and acquisition (“M&A”) activity in the Canadian oil and natural gas industry in the first half of 2019 was approximately $5.4 billion, down 29 per cent from the $7.6 billion recorded in the first six months of 2018. This is the lowest first-half total M&A value in the Canadian oil and natural gas industry since 2013 when only $4.3 billion in total M&A value was recorded.
August 28, 2019, 6:44 AM MDT
Over the last number of weeks we have seen a number of publicly-traded oil and natural gas production companies announcing revised borrowing bases with their respective banks. In the vast majority of cases, borrowing bases for most oil and natural gas companies have been adjusted downward, which is not surprising considering the Supreme Court of Canada ruling on Redwater Energy Corporation.
June 26, 2019, 6 AM MDT
A total of $5.2 billion in capital was raised by the Canadian oil and natural gas industry in 2018, down 77 per cent from the $22.4 billion raised in 2017.
May 29, 2019, 6 AM MDT
There have been two recent announcements of unsolicited takeover offers in the Canadian oil and natural gas exploration and production industry, with the most recent being Husky Energy Inc. announcing its intention to acquire MEG Energy Corp.
October 31, 2018, 7:28 AM MDT