MEG Energy Corp.’s board of directors has unanimously determined that Husky Energy Inc.'s unsolicited bid to acquire MEG significantly undervalues the common shares of MEG and is not in the best interests of MEG or the holders of common shares.
October 18, 2018, 3:35 AM MDT
October 15, 2018, 9:26 AM MDT
Enbridge Inc. announced today it will move forward with the amalgamation of its Ontario based utilities, Enbridge Gas Distribution Inc. and Union Gas Limited, with an expected effective date of Jan. 1, 2019.
October 15, 2018, 9:33 AM MDT
Iron Bridge Resources Inc. has entered into an amalgamation agreement with Velvet Acquisition Company Ltd. (AcquisitionCo).
October 12, 2018, 3:37 AM MDT
Prairie Provident Resources Inc. closed its previously announced bought deal financing and strategic private placement, each led by Mackie Research Capital Corporation for total gross proceeds of $5.5 million, including exercise of the over-allotment option under the bought deal financing.
October 11, 2018, 9:41 AM MDT
International Petroleum Corp. (IPC) is increasing its Canadian presence, announcing this morning it is acquiring BlackPearl Resources Inc. in an all-stock deal that IPC’s top executive calls a “transformational acquisition.”
October 10, 2018, 3:57 AM MDT
In the acquisition announced this morning, International Petroleum Corp. (IPC) will acquire the Canadian asset base of BlackPearl Resources Inc. to combine with IPC's existing Canadian and international assets.
October 10, 2018, 11:23 AM MDT
Velvet Energy Ltd. and Iron Bridge Resources Inc. announced Friday that Velvet’s amended $0.845 per share all cash offer has expired, and that a total of approximately 87.73 per cent of Iron Bridge common shares equating to approximately 143,810,584 common shares have been tendered to the offer.
October 9, 2018, 7:02 AM MDT
Precision Drilling Corporation has entered into an arrangement agreement with Trinidad Drilling Limited, trumping an earlier hostile bid for Trinidad from Ensign Energy Services Inc.
October 5, 2018, 4:45 AM MDT
October 5, 2018, 6 AM MDT
Husky Energy Inc. announced Tuesday that it has formally started its offer to acquire all of the outstanding common shares of MEG Energy Corp.
October 3, 2018, 8:21 AM MDT
October 2, 2018, 8:24 AM MDT
ENTREC Corporation has completed the acquisition of Grande Prairie-based Capstan Hauling Ltd., a leading provider of heavy haul transportation services to the oil and natural gas industry in northwest Alberta and northeast B.C.
October 2, 2018, 10:19 AM MDT
Husky Energy Inc.’s top executive says the company’s $6.4 billion hostile bid for oilsands rival MEG Energy Corp. is a “compelling offer that will result in a stronger Canadian energy company with unmatched resilience to market conditions.”
October 1, 2018, 7:32 AM MDT
MEG Energy Corp. says its board of directors will consider and evaluate Husky Energy Inc.’s unsolicited $6.4 billion offer and related takeover bid circular, if and when received.
October 1, 2018, 9:56 AM MDT
There has recently been an increase in the number of large corporate transactions (valued at greater than $5.0 million) in the Canadian oil and natural gas industry.
September 26, 2018, 7:53 AM MDT
Canadian Natural Resources Limited has completed the extension period for the offer to acquire all of the issued and outstanding common shares of Laricina Energy Ltd. for $0.0815 per Laricina share.
September 26, 2018, 3:57 AM MDT
Iron Bridge Resources Inc. shareholders, representing 126.9 million of the currently outstanding common shares or 81.98 per cent, have tendered to Velvet Energy Ltd.’s amended $0.845 per share all cash offer.
September 25, 2018, 3:48 AM MDT
Gear Energy Ltd. has completed the acquisition of Steppe Resources Inc., a private oil and gas company.
September 19, 2018, 3:33 AM MDT
Prairie Provident Resources Inc. is acquiring Marquee Energy Ltd. by way of a plan of arrangement.
September 14, 2018, 3:01 AM MDT
Trinidad Drilling Ltd. says Ensign Energy Services Inc.'s recent $974 million hostile bid for the company “significantly undervalues” Trinidad and is asking shareholders to reject the offer.
September 13, 2018, 8:54 AM MDT
AKITA Drilling Ltd. has completed the acquisition of Xtreme Drilling Corp., which was announced earlier this year.
September 12, 2018, 3:43 AM MDT
September 11, 2018, 6:45 AM MDT
Following a friendly negotiation with Iron Bridge Resources Inc., Velvet Energy Ltd. has modified its May 22, 2018 offer to purchase all of the issued and outstanding common shares of Iron Bridge to increase the cash consideration payable for each Iron Bridge common share from $0.75 to $0.845.
September 10, 2018, 6:51 AM MDT
Surge Energy Inc. says it has increased its light oil weighting to 55 per cent with an agreement to acquire all of the issued and outstanding common shares of light oil producer Mount Bastion Oil and Gas Corp. (MBOG) for $320 million in cash and shares by way of a statutory arrangement
September 6, 2018, 10:30 AM MDT