Finance - Investment

  • Aqua Terra Announces New Syndicated Debt Facility Of Up To $100MM

    Aqua Terra Water Management, LP closed a US$80 million senior secured syndicated credit facilities.

    July 15, 2019, 12 AM MDT

  • Delphi Credit Facility Extended

    Delphi Energy Corp.’s annual borrowing base redetermination of its senior credit facility has been finalized.

    July 11, 2019, 3:54 PM MDT

  • New Board Members For Cordy

    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

  • TSX Reviewing Eagle Listing

    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

  • RedWater Impact On Loan Redetermination Process ‘Meaningful’

    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 Begins US$213 Million Substantial Issuer Bid

    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 Grants Common Shares And Options

    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

  • Tourmaline Share Buyback Program Approved

    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

  • Weatherford Files For Bankruptcy Protection

    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 Closes Ninth Private Equity Fund

    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 Credit Facility Redetermination Date Extended

    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 Closes Financing

    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 Completes Private Placement, Debt Transaction

    Cequence Energy Ltd. has completed its previously announced private placement of common shares.

    June 28, 2019, 9:44 AM MDT

  • Hemisphere Energy Announces Normal Course Issuer Bid

    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

  • Banks Adjusting To Redwater Ruling

    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 Intends To Extend Expiry Date Of Certain Outstanding Warrants

    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 Closes Over-Allotment Option In Connection With Bought Deal Offering

    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 Announces Full Exercise Of Over-Allotment Option

    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

  • Investment Strategies For Western Canada’s Energy Sector Have ‘Evolved’

    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

  • Global LNG Producers See Cost Risks Looming Over Next Wave Of Projects

    June 20, 2019, 7:28 AM MDT

  • Cenovus Announces Results Of Cash Tender Offers

    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 Intends To Make Normal Course Issuer Bid

    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 Closes Acquisition, Convertible Debenture Financing

    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

  • Schulich Buys 5% Of MEG Energy Despite Canadian Energy Concerns

    June 14, 2019, 7:59 AM MDT

  • Cequence Renews Credit Facility

    Cequence Energy Ltd. has entered into an amended credit facility agreement with its lender.

    June 14, 2019, 7:02 AM MDT