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
September 5, 2018, 11:22 AM MDT
September 4, 2018, 8:56 AM MDT
Ensign Energy Services Inc. has formally made an offer to acquire all of the issued and outstanding common shares of Trinidad Drilling Ltd., which was first announced in mid-August.
August 30, 2018, 3:28 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 2018 was approximately $7.5 billion, down 79 per cent from the record high of $36.4 billion recorded in the first six months of 2017.
August 29, 2018, 6:59 AM MDT
August 29, 2018, 7:50 AM MDT
Toscana Energy Income Corporation closed its previously announced acquisition of Cortona Energy Ltd. for aggregate consideration of approximately $12 million.
August 28, 2018, 8:02 AM MDT
Enbridge Inc. will acquire all of the outstanding public common units of Spectra Energy Partners, LP (SEP) in a transaction valued at US$3.3 billion.
August 24, 2018, 7:58 AM MDT
Pieridae Energy Limited is set to acquire Ikkuma Resources Corp. in an all stock deal, the companies announced this morning.
August 24, 2018, 9:55 AM MDT
Creditors’ meetings will be held Oct. 3 in Calgary allowing creditors to vote on an amended and restated plan of compromise arrangement for Connacher Oil and Gas Limited.
August 23, 2018, 8:43 AM MDT
With its strategic combination with Raging River Exploration Inc. officially closed, Baytex Energy Corp. is forecasting a fourth quarter production rate of approximately 97,000 to 99,000 boe/d, based on exploration and development expenditures of $275 to $325 million in the second half of 2018.
August 23, 2018, 9:08 AM MDT
Shareholders of Baytex Energy Corp. and Raging River Exploration Inc. approved their previously announced strategic combination.
August 22, 2018, 12 AM MDT
August 22, 2018, 3:26 AM MDT