Pipestone Energy Corp. has entered into subscription agreements with Riverstone V EMEA Holdings Cooperatief U.A., GMT Capital Corp. and GMT Exploration Company LLC.
August 5, 2020, 10:21 AM MDT
Bonavista Energy Corporation has obtained a final order from the Court of Queen's Bench of Alberta approving the plan of arrangement under the Canada Business Corporations Act pursuant to which the recapitalization transaction is being implemented.
August 5, 2020, 7:20 AM MDT
Wilks Brothers, LLC has submitted what it called a “superior alternative recapitalization transaction” to the board of directors of Calfrac Well Services Ltd.
August 4, 2020, 7:21 AM MDT
August 4, 2020, 12 AM MDT
Journey Energy Inc. extended its forbearance agreement with its banking syndicate.
August 4, 2020, 6 AM MDT
July 31, 2020, 11:04 AM MDT
Although he was “certainly disappointed” when Frankfurt-based Deutsche Bank announced Tuesday it won’t back new oilsands projects, Husky Energy Inc. CEO Rob Peabody said the move won’t affect the company.
July 30, 2020, 11:47 AM MDT
With commodity prices stabilizing after the pandemic-induced collapse, Calfrac Well Services Ltd. expects a slow, steady recovery in field activity in the remainder of 2020. However, it has less clarity on any longer term recovery, company president and chief operating officer Lindsay Link told analysts at the company’s second quarter of 2020 conference call on Thursday.
July 30, 2020, 4:30 PM MDT
Painted Pony Energy Ltd. announced a deal with its syndicate of lenders to extend its annual borrowing base redetermination date from July 31, 2020 to Aug. 31, 2020.
July 30, 2020, 3:23 PM MDT
Altura Energy Inc. and its lender have agreed to further extend the credit facility renewal from July 31, 2020 to Aug. 31, 2020 to provide sufficient time to apply for the proposed federal support programs being initiated through the Export Development Bank of Canada and the Business Development Bank of Canada.
July 30, 2020, 3:32 PM MDT
Bonavista Energy Corporation the senior noteholders and existing shareholders approved the company's previously announced recapitalization transaction.
July 30, 2020, 3:36 PM MDT
Cenovus Energy Inc. has completed a public offering in the United States of US$1 billion in 5.375 per cent senior unsecured notes due 2025.
July 30, 2020, 7:27 AM MDT
July 30, 2020, 8:07 AM MDT
July 29, 2020, 6:57 PM MDT
Pieridae Energy Limited has received approval from Export Development Canada (EDC) for a $6 million guarantee facility as part of EDC’s Account Performance Security Guarantee (APSG) program.
July 29, 2020, 6:22 AM MDT
July 28, 2020, 8:51 AM MDT
Highwood Oil Company Ltd., together with its sole lender, has completed the redetermination of its credit facility.
July 28, 2020, 12 AM MDT
Calfrac Well Services Ltd. says it has additional support for the company’s previously announced recapitalization transaction to be implemented pursuant to a plan of arrangement under the Canada Business Corporations Act.
July 23, 2020, 7:27 AM MDT
July 23, 2020, 8:39 AM MDT
Cardinal Energy Ltd. announces that approximately 62 per cent of the outstanding principal amount of its 5.50 per cent convertible debentures have exercised their right to exchange their debentures for a new series of 8.00 per cent convertible debentures.
July 22, 2020, 10:43 AM MDT
July 21, 2020, 9:59 AM MDT
AKITA Drilling Ltd. has entered into an amending agreement to its Dec. 19, 2018, credit facility agreement with a syndicate of lenders comprised of ATB Financial, The Bank of Nova Scotia, HSBC Bank Canada and the Toronto-Dominion Bank.
July 21, 2020, 9:35 AM MDT
Managing the balance sheet and maintaining liquidity through the COVID-19 crisis will decide who comes out the other side intact with the potential to attract new investment, says KPMG’s national energy leader Michael McKerracher.
July 20, 2020, 6 AM MDT
Petrus Resources Ltd.’s board of directors has approved a third quarter 2020 capital budget of $700,000 for predominantly non-discretionary capital.
July 17, 2020, 7:40 AM MDT
Cardinal Energy Ltd. has received approval to extend the revolving period applicable to the company’s existing reserves-based credit facility to July 29, 2020.
July 16, 2020, 5:13 AM MDT