Oil & Gas Finance - Investment

  • Top Canada Pension Funds Ask For Better ESG Disclosure

    November 26, 2020, 12 AM MST

  • AltaGas In $700 Million Medium Term Note Offerings

    AltaGas Ltd. has agreed to issue $500 million of senior unsecured medium term notes with a coupon rate of 2.075 per cent, maturing on May 30, 2028 and $200 million of senior unsecured medium term notes with a coupon rate of 2.477 per cent, maturing on Nov. 30, 2030.

    November 26, 2020, 11:01 AM MST

  • Cardinal Expects To Renew Credit Facility For $225 million

    Cardinal Energy Ltd. has agreed to a term sheet reflecting extensive discussions with certain existing and new lenders that would provide the company with longer term certainty around its credit facility.

    November 25, 2020, 7:36 AM MST

  • Birchcliff Receives TSX Approval For Share Buybacks

    Birchcliff Energy Ltd. has received Toronto Stock Exchange (TSX) approval for its normal course issuer bid (NCIB).

    November 19, 2020, 12 AM MST

  • Surge Closes $40 Million, 4-Year BDC Term Facility

    Surge Energy Inc. has executed definitive agreements with the Business Development Bank of Canada (BDC), in partnership with the company's syndicate of lenders, for a non-revolving facility of $40 million, providing attractive interest rates over a four-year term.

    November 18, 2020, 12 AM MST

  • World’s Biggest Oil Firm Saudi Aramco Kicks Off Bond Sale

    November 17, 2020, 8:01 AM MST

  • Bonterra Completes Financing Initiatives

    Bonterra Energy Corp.  completed definitive documentation to successfully obtain financing required to implement its go-forward strategic plan, which is expected to grow production by more than 30 per cent and return the company's average annual production to pre-COVID levels of approximately 13,000 boe/d in 2021.

    November 16, 2020, 12 AM MST

  • Q3 Round-Up: InPlay, Petrus, Journey

    The fourth quarter of 2020 includes a planned development capital program by InPlay Oil Corp. that begins with the drilling of three 100 per cent working interest ERH Cardium wells in Willesden Green and construction of the associated required infrastructure.

    November 13, 2020, 5:32 AM MST

  • Canadian Spirit Closes Private Placement

    Canadian Spirit Resources Inc. has closed its previously announced non-brokered private placement offering and issued 20 million units of the company at a price of five cents per unit, for aggregate gross proceeds of $1 million.

    November 10, 2020, 4:27 AM MST

  • Topaz Closes Over-Allotment Option

    Topaz Energy Corp. reported that the over-allotment option granted to underwriters related to its IPO to purchase up to an additional 2,509,650 common shares at a price of $13 per common was exercised in full, generating additional gross proceeds to the company of $32,625,450. 

    November 9, 2020, 12 AM MST

  • Crew Closes Second Phase Of Midstream Transaction

    Crew Energy Inc. announced the second of two closings of its strategic transaction with a third party midstream company.

    November 5, 2020, 3:41 PM MST

  • Net Loss For NCS In Q3; Some Bright Spots On The Horizon

    In a very tough market for oilfield service providers, Calgary-based NCS Multistage Holdings Inc. reported a net loss of $5.86 million in the third quarter of 2020, compared to a gain of $3.62 million last year in the quarter.

    November 5, 2020, 8:13 AM MST

  • Surge Benefits From Well Clean-Up Programs

    Surge Energy Inc. and its service providers submitted more than 1,700 applications under the Government of Alberta's Site Rehabilitation Program (SRP) to abandon and reclaim well bores, pipelines and well sites.

    November 4, 2020, 12 AM MST

  • Canadian Spirit Resources Revises Terms Of Private Placement

    Canadian Spirit Resources Inc. has revised the terms of its previously announced non-brokered private placement offering of units to up to $1.6 million by amending the terms of the units such that each unit will now consist of one common share in the capital of the company and one common share purchase warrant.

    November 4, 2020, 6:51 AM MST

  • Calfrac Obtains Final Order Approving Amended Recapitalization Transaction

     Calfrac Well Services Ltd. has obtained a final order from the Court of Queen’s Bench of Alberta approving its plan of arrangement under the Canada Business Corporations Act.

    November 2, 2020, 6 AM MST

  • Highwood Credit Facility Amended

    Highwood Oil Company Ltd. announced amendments to its reserve-based credit facility.

    November 2, 2020, 4:31 PM MST

  • Cardinal Receives Extension To Revolving Credit Facility

    Cardinal Energy Ltd. has received approval to extend the revolving period applicable to the company's existing reserves-based credit facility to Nov. 30, 2020.

    November 2, 2020, 6 AM MST

  • Journey Completes Debt Restructuring

    Journey Energy Inc. closed an agreement to settle its syndicated bank borrowings.

    November 2, 2020, 12 AM MST

  • Perpetual Credit Facility Redetermination Extended

    The revolving credit period on Perpetual Energy Inc.’s credit facility has been extended to Nov. 30, 2020 and the $20 million borrowing limit has been maintained. 

    November 2, 2020, 6:28 AM MST

  • Bonterra Receives Approval For EDC And BDC Programs

    Bonterra Energy Corp.  has received approval from its syndicate of lenders for the Export Development Canada (EDC) and Business Development Bank of Canada (BDC) programs and to extend the revolving period applicable to its credit facility to Nov. 13, 2020 from Oct. 30.

    November 2, 2020, 6:34 AM MST

  • Mexican Oil Regulator Flags Pemex’s ‘Worrying’ Performance This Year

    October 30, 2020, 7:52 AM MDT

  • AltaGas Considering Split

    Calgary-based utility and midstream company AltaGas Ltd. will consider becoming two separate entities in the future, with a midstream company and a utility, according to its CEO and president.

    October 29, 2020, 8:53 AM MDT

  • Obsidian Extends Syndicated Credit Facility

    Obsidian Energy Ltd. has received an extension to its syndicated credit facility to Jan. 29, 2021.

    October 29, 2020, 8:21 PM MDT

  • Precision Consolidating Shares

    Precision Drilling Corporation is proceeding with a 20:1 consolidation of its common shares.

    October 29, 2020, 7:21 AM MDT

  • Hemisphere Pays Down 20% Of Loan

    To date in 2020, Hemisphere Energy Corporation has paid down 20 per cent of its loan, or US$5.25 million.

    October 28, 2020, 8:17 AM MDT

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