Pumpjacks The Oil Crash Has Caused a $1.3 Trillion Wipeout August 4, 2015 9:42 am It’s the oil crash few saw coming, and few have been spared as it erased $1.3 trillion, the equivalent of Mexico’s annual GDP, in little more than a year. Take billionaire Carl Icahn. When crude was at its peak in June 2014, the activist investor’s stake in Chesapeake Energy Corp. was worth almost $2 billion. [Read More…]
Long Run Long Run Exploration Ltd. Enters Into Agreement for $200 Million Private Placement August 4, 2015 5:30 am CALGARY, ALBERTA–(Marketwired – Aug. 4, 2015) – Long Run Exploration Ltd. (“Long Run” or the “Company”) (TSX:LRE) is pleased to announce that it has entered into an agreement for a private placement to Maple Marathon Investments Limited for gross proceeds of approximately $200 million. The proceeds from the private placement will be used for debt [Read More…]