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Sinopec deal for Daylight includes $800M debt
So, when is a $2.2 billion deal actually a $3 billion deal? When the acquiring company is picking up $800 million in debt, along with all of the shares. A note this week from analyst Adam Twa of Peters...
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Seven Generations shares fall despite Q3 production jump
Shares in Seven Generations Energy Ltd. plunged Thursday after it reported its first quarterly results since going public in a $932-million initial offering two weeks ago. The Montney-focused company...
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Crew shuts in production to deal with low oil prices
Calgary intermediate Crew Energy Inc. announced Tuesday it has shut in about 1,000 barrels of oil equivalent per day of heavy oil and natural gas production because of the current low commodity price...
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NuVista shares drop as it cuts capital spending
Shares in Montney producer NuVista Energy Ltd. fell five per cent Tuesday after it said it will cut its 2015 capital spending plans by about $80 million. The Calgary-based company said in a news...
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New York equity fund acquires majority stake in Canadian International Oil Corp.
A New York equity fund has increased its stake in private Calgary producer Canadian International Oil Corp. to more than 50 per cent by paying $128 million to buy shares and warrants that it didn’t...
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