Weak demand related to COVID-19 is hurting company finances and resulted in a series of U.S. upstream deals much more akin to friendly mergers than aggressive takeovers.
November 3, 2020, 7:59 AM MST
Journey Energy Inc. announced asset sales this afternoon, which includes unloading its newly commissioned 4.2-megawatt power project in the Countess area.
November 2, 2020, 2:12 PM MST
InPlay Oil Corp. recently closed a strategic Cardium asset acquisition in its Pembina area of operations for $1.9 million (net of adjustments).
November 2, 2020, 6:25 AM MST
Suncor Energy Inc.’s CEO Mark Little says that although merger and acquisition (M&A) activity is “starting to take off” the company will continue to “remain steadfast” in following its three criteria that must exist before any deals will be considered.
October 29, 2020, 10:44 AM MDT
The transaction to combine Cenovus Energy Inc. and Husky Energy Inc. and create a new integrated Canadian oil and natural gas company will, in part, provide more options to take molecules to market and optimize their value, says Jon McKenzie, executive vice-president and chief financial officer at Cenovus.
October 29, 2020, 1:25 PM MDT
After a few years of being in divestiture mode to shore up its balance sheet, Crescent Point Energy Corp. has “certainly been paying attention” to the recent spate of M&A activity on both sides of the border, says the company’s chief executive.
October 29, 2020, 7:57 PM MDT
In the first half of 2020, the total enterprise value of merger and acquisition (“M&A”) activity in the Canadian oil and natural gas industry plummeted 86 per cent to $748.7 million from $5.3 billion recorded in the first half of 2019.
October 28, 2020, 6 AM MDT
October 28, 2020, 9:07 AM MDT
October 28, 2020, 7:40 AM MDT
October 28, 2020, 7:55 AM MDT
The combination of Cenovus Energy Inc. and Husky Energy Inc. will create one of North America’s top 10 producers.
October 27, 2020, 8:01 AM MDT
Vancouver-based Teck Resources Limited, which has a stake in Suncor Energy Inc.’s Fort Hills oilsands project, is looking at selling that interest in the future, according to the company’s president and CEO.
October 27, 2020, 11:15 AM MDT
October 27, 2020, 9:41 AM MDT
October 27, 2020, 8:10 AM MDT
Where does the Cenovus Energy Inc./Husky Energy Inc. deal rank in terms of Canadian deals? Here’s a list of top Canadian deals, compiled by Evaluate Energy.
October 26, 2020, 8:34 AM MDT
October 26, 2020, 12 AM MDT
October 26, 2020, 3:53 AM MDT
On June 8, 2020, BDO Canada Limited was appointed as the receiver and manager (the “Receiver”)
October 26, 2020, 9:17 AM MDT
The combined Cenovus Energy Inc./Husky Energy Inc. will be led by a management team reflecting the strengths of both organizations.
October 25, 2020, 12:08 PM MDT
October 21, 2020, 6:50 AM MDT
Wolverine Energy and Infrastructure Inc. announced the “termination” of the asset purchase agreement to acquire U.S. renewable and infrastructure crane assets.
October 21, 2020, 4:07 PM MDT
October 20, 2020, 7:53 AM MDT
Canadian Spirit Resources Inc. (TSXV: SPI) (“CSRI” or the “Company”) has engaged Industrial Alliance Securities Inc. (“iA Securities”) as its exclusive financial advisor to identify and consider various strategic alternatives and their potential to maximize shareholder value, including a reverse merger, recapitalization, reorganization or takeover of the Company, or the sale of some or all of the assets of the Company, or any other alternatives that are considered to be in the best interests of the Company’s shareholders.
October 19, 2020, 6:43 AM MDT
Cor4 Oil Corp. (“Cor4” or the “Company”) has engaged Sayer Energy Advisors to assist with the sale of certain long-life, shallow natural gas assets located in southern Alberta (the “Properties”).
October 14, 2020, 6:36 AM MDT
October 14, 2020, 8:01 AM MDT