November 30, 2018, 5:32 AM MST
With a controlling interest of greater than 66-and-two-thirds per cent of the Trinidad Drilling Ltd., Ensign Energy Services Inc. will succeed in acquiring all of the Trinidad shares at $1.68 per share, either through a compulsory acquisition or a subsequent acquisition transaction to acquire the remaining shares.
November 29, 2018, 5:23 AM MST
Precision Drilling Corporation has terminated the arrangement agreement dated Oct. 5, 2018, with Trinidad Drilling Ltd. following the announcement by Ensign Energy Services Inc. that it had taken up 56.38% of the outstanding common shares of Trinidad pursuant to its unsolicited offer to purchase and takeover bid circular.
November 28, 2018, 3:15 AM MST
The current oil price differentials are impacting the Canadian oil and natural gas industry in unprecedented ways. The price of Western Canadian Select (“WCS”) hit a recent low in the second half of 2018, dipping below US$14 per bbl.
November 28, 2018, 7:21 AM MST
Ensign Energy Services Inc. announced late this morning that the conditions to its offer for shares of Trinidad Drilling Ltd. at $1.68 per share have been satisfied or waived and it has taken up the Trinidad shares deposited to the offer as of 10:00 a.m. on Nov. 27, 2018.
November 27, 2018, 11:53 AM MST
Trinidad Drilling Ltd.’s board of directors intends to waive the application of its shareholder rights plan on Nov. 23, 2018 as the shareholder rights plan is no longer required for its intended purpose.
November 23, 2018, 3:55 AM MST
Marquee Energy Ltd.’s shareholders and optionholders overwhelmingly voted in favour of a special resolution to approve the proposed plan of arrangement with Prairie Provident Resources Inc.
November 21, 2018, 8:42 AM MST
Ensign Energy Services Inc. says it is varying certain terms and conditions of its all-cash offer dated Aug. 30, 2018 to acquire, all of the issued and outstanding common shares of Trinidad Drilling Ltd. to shorten the time period for acceptance of the offer.
November 19, 2018, 9:56 AM MST
November 16, 2018, 7:08 AM MST
Prairie Provident Resources Inc. said that, in connection with its previously-announced acquisition of Marquee Energy Ltd., the company elected to obtain requisite approval of the Prairie Provident shareholders by written consent.
November 14, 2018, 10:49 AM MST
November 13, 2018, 3:57 AM MST
Holders of common shares of Iron Bridge Resources Inc. approved the amalgamation of Iron Bridge and Velvet Acquisition Company Ltd., a wholly owned subsidiary of Velvet Energy Ltd.
November 7, 2018, 12 AM MST
November 5, 2018, 9:09 AM MST
Husky Energy Inc. today reaffirmed its commitment to the full and fair offer to acquire MEG Energy Corp. as outlined on Oct. 2, 2018, and commented on MEG’s recent statements and third quarter results.
November 5, 2018, 8:26 AM MST
Encana Corporation’s purchase of STACK and SCOOP assets from Newfield Exploration Co. will add a third, high-quality asset to complement the company’s positions in the Permian and the Montney.
November 1, 2018, 4:28 AM MDT
Precision Drilling Corporation announced that the U.S. Federal Trade Commission (FTC) has granted early termination of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 with respect to the pending acquisition of Trinidad Drilling Ltd.
November 1, 2018, 12 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
Blackbird Energy Inc. and Pipestone Oil Corp. have announced plans to form one of the leading high-growth pure play condensate-rich Montney companies in the industry.
October 31, 2018, 11:40 AM MDT
October 30, 2018, 7:53 AM MDT
Pieridae Energy Limited says that its proposed financing of upstream activities within the Goldboro LNG project has received a written confirmation of eligibility in principle for up to US$1.5 billion of untied loan guarantee by the German federal government under its UFK program (Bundesgarantien für ungebundene Finanzkredite).
October 29, 2018, 8:25 AM MDT
Surge Energy Inc. completed the previously announced acquisition of Mount Bastion Oil & Gas Corp.
October 25, 2018, 7:33 AM MDT
October 24, 2018, 3:33 AM MDT
October 22, 2018, 9:21 AM MDT
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