Aqua Terra Water Management, LP closed a US$80 million senior secured syndicated credit facilities.
July 15, 2019, 12 AM MDT
Delphi Energy Corp.’s annual borrowing base redetermination of its senior credit facility has been finalized.
July 11, 2019, 3:54 PM MDT
David Mullen, Timothy Urquhart, Stuart King, Ricky Manhas and Michael Smith were elected as directors of Cordy Oilfield Services Inc. this week. Manhas and Smith are the newly elected members.
July 11, 2019, 4:03 PM MDT
The Toronto Stock Exchange (TSX) is reviewing Eagle Energy Inc.’s eligibility for continued listing of its common shares.
July 10, 2019, 10:08 AM MDT
Trying times for Alberta oil and gas producers continue to ramp-up as the recent RedWater decision has only layered in more angst as liability concerns are affecting bank loan redeterminations and credit limits trend down.
July 8, 2019, 8:09 AM MDT
Encana Corporation is beginning its previously announced substantial issuer bid to purchase for cancellation up to US$213 million of its common shares.
July 8, 2019, 7:12 AM MDT
Pieridae Energy Limited announced that 33,584 of its common shares were granted to its directors on July 3, 2019, at the price value of 89 cents per share.
July 4, 2019, 12 AM MDT
The Toronto Stock Exchange (TSX) has accepted the notice of Tourmaline Oil Corp.’s intention to begin a normal course issuer bid (NCIB).
July 4, 2019, 7:54 AM MDT
Oilfield services provider Weatherford International plc has started its financial restructuring by voluntary cases under Chapter 11 of the U.S. Bankruptcy Code.
July 3, 2019, 8:54 AM MDT
ARC Financial Corp. has closed its ninth private equity fund, ARC Energy Fund 9, with $780 million of capital from institutional investors across Canada, the United States and Europe.
July 2, 2019, 11:14 AM MDT
Obsidian Energy Ltd.’s banking syndicate has extended the syndicated credit facility redetermination date until Aug. 30, 2019 as the company moves through the necessary provisions in regard to the Peace River Oil Partnership (PROP) disposition, and as it continues to evaluate the potential of an unsecured bond offering.
July 2, 2019, 12 AM MDT
Pieridae Energy Limited has closed its previously announced non-brokered private placement of common shares of the company at a price of 86 cents per share for gross proceeds of $2.2 million.
July 2, 2019, 8:17 AM MDT
Cequence Energy Ltd. has completed its previously announced private placement of common shares.
June 28, 2019, 9:44 AM MDT
Hemisphere Energy Corporation says the TSX Venture Exchange has accepted the company’s notice of intention to make a normal course issuer bid.
June 28, 2019, 9:53 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
Huntington Exploration Inc. says it intends to extend the expiry date of the 4.17 million common share purchase warrants (on a post-consolidation basis), exercisable at 20 cents per share (on a post-consolidation basis), originally issued on July 26, 2016, subject to TSX Venture Exchange approval.
June 26, 2019, 7:31 AM MDT
Mullen Group Ltd. announced today that, in connection with the exercise in full of the over-allotment option granted to the underwriters, it issued an additional $15 million aggregate principal amount of 5.75 per cent convertible unsecured subordinated debentures due Nov. 30, 2026, with interest payable semi-annually on the last day of November and May, starting on Nov. 30, 2019.
June 25, 2019, 8:10 AM MDT
Mullen Group Ltd. says that the underwriters of its offering of 5.75 per cent convertible unsecured subordinated debentures have exercised in full their over-allotment option to purchase an additional $15 million aggregate principal amount of debentures.
June 24, 2019, 10:19 AM MDT
Capital investment markets in Western Canada’s oil and gas space have shifted dramatically over the last five years, with the number of small-cap E&P companies dropping by about half, says Tyler Bradley.
June 20, 2019, 10:35 AM MDT
June 20, 2019, 7:28 AM MDT
Cenovus Energy Inc. intends to repurchase about US$748 million aggregate principal amount of its debt as the result of successful cash tender offers for certain of its outstanding notes announced on June 4, 2019.
June 18, 2019, 7:26 AM MDT
Tourmaline Oil Corp. says it intends to make a normal course issuer bid to purchase its common shares.
June 17, 2019, 11:15 AM MDT
Southern Energy Corp. has completed its previously announced acquisition of high quality, low decline natural gas assets in Mississippi for cash consideration of US$16.5 million ($22.0 million), subject to customary adjustments.
June 17, 2019, 11:31 AM MDT
June 14, 2019, 7:59 AM MDT
Cequence Energy Ltd. has entered into an amended credit facility agreement with its lender.
June 14, 2019, 7:02 AM MDT