Finance - Investment

  • 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

  • CWC Grants Restricted Share Unites

    CWC Energy Services Corp. approved the granting of 2.66 million restricted share units of the company on Dec. 6, 2018 to certain directors, officers and employees of the company. 

    December 7, 2018, 6 AM MST

  • Ensign Provides Notice Of Redemption For Senior Guaranteed Notes

    Ensign Energy Services Inc. and its wholly-owned subsidiary, Ensign US Financial (Delaware) LP, have provided a notice of redemption to all holders of its outstanding 3.97 per cent senior guaranteed notes, due 2019, and its outstanding 4.54 per cent senior guaranteed notes, due 2022.

    December 7, 2018, 10:27 AM MST

  • Bellatrix To Release 2019 Guidance in January

    Bellatrix Exploration Ltd. plans to release its 2019 capital budget and guidance in January 2019.

    December 7, 2018, 11:42 AM MST

  • Hyduke Repays Operating Line, Outlines New Credit Facility

    Hyduke Energy Services Inc. provided several updates to its business on Wednesday. ​​​​​​​

    December 6, 2018, 6 AM MST

  • Trican Increases Revolving Credit Facility To $275 Million

    Trican Well Service Ltd. has paid in full all outstanding senior and subordinated notes of approximately $44 million, which includes early repayment costs of $3.2 million.

    December 6, 2018, 7:28 AM MST