Finance - Investment

  • Zargon Completes Transaction To Settle Convertible Debentures

    Zargon Oil & Gas Ltd. has completed a transaction to settle its $41.94 million principal amount of outstanding eight per cent convertible unsecured subordinated debentures due Dec. 31, 2019 in exchange for common shares in the capital of Zargon. ​​​​​​​

    January 14, 2019, 3:33 AM MST

  • Peyto Closes Private Placement

    Peyto Exploration & Development Corp. has closed an issuance of C$100 million of senior unsecured notes.  ​​​​​​​

    January 4, 2019, 12 AM MST

  • Paramount Share Buyback Program Approved

    Paramount Resources Ltd. announced that its board of directors has approved the implementation of a normal course issuer bid (NCIB).

    January 2, 2019, 7:16 AM MST

  • Ensign And Trinidad Announce Start Of Change Of Control

    Ensign Energy Services Inc. and Trinidad Drilling Ltd. announced that Trinidad has commenced a change of control offer to purchase any and all of its outstanding 6⅝ per cent senior notes due 2025.

    December 28, 2018, 6:13 AM MST

  • Granite Closes Private Placement

    Granite Oil Corp. has issued a 3 million common shares at a price of 52 cents per share for aggregate gross proceeds of $1.56 million pursuant to a non-brokered private placement.  ​​​​​​​

    December 24, 2018, 12 AM MST

  • MATRRIX Announces Commitment For New Credit Facility

    MATRRIX Energy Technologies Inc. has established a demand operating revolving loan facility with a Canadian chartered bank which provides for a total credit capacity of up to, but not exceeding, a maximum of $15 million, subject to customary margining requirements.

    December 21, 2018, 4 AM MST

  • Hyduke Closes Warrant Issuance

    The deal in which TerraNova Partners III LP agreed to provide a demand secured loan to Hyduke Energy Services Inc. for C$350,000, with 10 per cent interest per annum, payable monthly in arrears, has closed.

    December 21, 2018, 9:33 AM MST

  • Tervita Amends, Extends Credit Facility

    Tervita Corporation has amended and extended its senior secured revolving credit facility with a syndicate of banks led by TD Securities and CIBC.

    December 21, 2018, 9:35 AM MST

  • Pieridae Completes Private Placement

     Pieridae Energy Limited has completed a non-brokered private placement with The Western and Southern Life Insurance Company (WSLI) and Electron Capital LLC, for proceeds of $8 million.

    December 19, 2018, 10:03 AM MST

  • Jupiter Obtains Final Court Order Approving Recapitalization Transaction

    Jupiter Resources Inc. and its affiliates obtained a final court order from the Court of Queen's Bench of Alberta approving its plan of arrangement under the Canada Business Corporations Act pursuant to which the recapitalization transaction is being implemented. ​​​​​​​

    December 19, 2018, 3:44 AM MST

  • Extension For Connacher To Complete Restructuring Transaction

    Connacher Oil and Gas Limited announced an extension to complete its restructuring transaction.

    December 18, 2018, 7:02 AM MST

  • Horizon North Gets Nod For NCIB

    The Toronto Stock Exchange (TSX) has accepted Horizon North Logistics Inc.’s notice of intention to commence a normal course issuer bid (NCIB).

    December 18, 2018, 6:54 AM MST

  • AltaGas Announces Conversion Results For Series E Preferred Shares

    AltaGas Ltd. announced that none of AltaGas's outstanding Series E shares will be converted into Series F shares on Dec. 31, 2018.

    December 18, 2018, 6:57 AM MST

  • Obsidian Second Half Cardium Program Ahead Of Schedule

    Obsidian Energy Ltd.’s second half 2018 Cardium program is proceeding ahead of schedule and under budget.

    December 17, 2018, 7:25 AM MST

  • Cardinal NCIB Approved

    The Toronto Stock Exchange (TSX) has accepted the notice of Cardinal Energy Ltd.’s intention to commence a normal course issuer bid (NCIB).

    December 17, 2018, 7:35 AM MST

  • Cequence Confirms Borrowing Base

    Cequence Energy Ltd.’s senior lender has completed a redetermination of the borrowing base under the company’s senior secured credit facility, and has confirmed the borrowing base remains at $7 million.

    December 17, 2018, 9:34 AM MST

  • Pason In Share Buyback Program

    The Toronto Stock Exchange (TSX) has accepted Pason Systems Inc.’s notice of intention to commence a normal course issuer bid (NCIB).

    December 14, 2018, 3:05 AM MST

  • Jupiter Noteholders Approve Recapitalization

    At the previously announced meeting of the holders of Jupiter Resources Inc.’s US$1.1 billion 8.5 per cent senior unsecured notes due Oct.1, 2022, the noteholders voted overwhelmingly in support of the company's proposed recapitalization transaction.

    December 13, 2018, 6 AM MST

  • Precision Received Extension To Credit Facility

    Precision Drilling Corporation completed with its lenders of a one-year maturity extension of its senior credit facility to November 2022.

    December 13, 2018, 6:57 AM MST

  • Western Energy Services Credit Facility Extended

    Western Energy Services Corp.’s lenders have approved an extension of its syndicated revolving first lien credit facility and its committed operating facility to Dec. 17, 2021.

    December 13, 2018, 8:56 AM MST

  • Pieridae Proposes Private Placement

    Pieridae Energy Limited intends to complete a non-brokered private placement offering to raise $8 million, subject to the approval of the TSX Venture Exchange.

    December 13, 2018, 9:58 AM MST

  • TSX Listing Review For Hyduke

    On Dec. 6, 2018, Hyduke Energy Services Inc. received notice from the Toronto Stock Exchange (TSX) that it is reviewing the eligibility for listing on the TSX of Hyduke's securities, pursuant to Part VII of the TSX Company Manual.

    December 10, 2018, 8:49 AM MST

  • Dividends, Drilling Activity Compromised By Low Prices, Wide Differentials

    Given weak commodity prices and still-wide differentials, some smaller companies have tinkered with their dividend and reduced drilling activity as they await for the impacts of the provincial government’s mandatory production curtailment to take hold.

    December 7, 2018, 9:56 AM MST

  • Cardinal Lowering Dividend

    Cardinal Energy Ltd. has decided to temporarily reduce its dividend given the volatility in oil price differentials.

    December 7, 2018, 3:34 AM MST

  • Granite Suspends Dividend Payments

    Given the discount for crude, Granite Oil Corp. has decided to suspend its dividend

    December 7, 2018, 3:33 AM MST