CALGARY, ALBERTA--(Marketwired - Sept. 7, 2016) - Yoho Resources Inc. (TSX VENTURE:YO) ("Yoho") announced today the completion of a going private transaction by way of statutory plan of arrangement (the "Arrangement") involving Yoho and 1981064 Alberta Ltd. ("AcquisitionCo"), an entity related to One Stone Energy Partners, L.P. ("One Stone"). Pursuant to the Arrangement, all common shareholders of Yoho are entitled to receive $0.475 in cash for each Yoho common share (the "Yoho Shares") held, [Read more]
Archives for 2016
Oil over gold – in a world of endless debt, it’s the only truly functional reserve currency
To warn readers in advance, this post includes concepts that are usually left to the realm of economists. Nothing puts a damper on the day like economic theory, it’s like stepping in dog crap. On the other hand, for energy people it is worth considering the implications for oil’s growing importance in relation to the utterly unsustainable debt trajectories of most governments. By way of background for those who’ve never had to sit through an economics class, gold is viewed as the ultimate [Read more]
OSY Rentals creatively helps oil and gas companies squeeze the most out of their budgets
OSY Rentals Vapour Tight Tank Packages are equipped with all the components necessary to operate a fully functional single well battery, downstream of the wellhead. The packages include, tank, separator, flare stack, flow line and flare line. The whole package comes on one truckload and can be set up in less than 5 hours OSY Rentals, like everyone else in the oil and gas business, have considerably lowered their rates. Now they have gone one step further in offering 100% of the rent to go [Read more]
Evaluation of Oil & Gas Properties: Effective Decision Making for Financial Professionals
Whether you are in corporate development, part of an M&A team, or an investor, effective decision making requires a sound foundation in economic evaluations. This comprehensive five day course presents the relevant foundational components and techniques of evaluating Canadian oil and gas properties which are also applicable to evaluations of oil and gas properties elsewhere in the world. Designed for investment bankers, lenders, and corporate finance professionals. September 19-23, [Read more]
Post-oil-shock recovery scaled back for Canada: CIBC
Outlook calls for a weaker Canadian dollar to help stimulate exports and capital spending TORONTO, Sept. 7, 2016 /CNW/ - After absorbing the worst of what the oil shock could dish out, the Canadian economy is in better shape, but real GDP growth will fall short of 2 per cent in each of the next two years, finds a new report from CIBC Capital Markets. "As it seeks to replace the role previously filled by energy sector capital spending, Canada will find that there's a longer fuse for the [Read more]
Spill response base planned for Vancouver harbour if Trans Mountain proceeds
VANCOUVER - Western Canada Marine Response Corp. says it's moving ahead with plans to build a new on-water spill response base in Vancouver harbour, even though the project will only proceed if the Trans Mountain pipeline expansion is approved by the federal cabinet. The federal government is set to make a decision on the $6.8-billion Alberta-to-B.C. pipeline expansion in December, but Kinder Morgan Canada's proposal already faces several court challenges, including one filed by the City [Read more]
Yoho Resources Inc. Announces Shareholder and Court Approvals of Previously Announced Going-Private Transaction
CALGARY, ALBERTA--(Marketwired - Sept. 6, 2016) - Yoho Resources Inc. (TSX VENTURE:YO) ("Yoho") is pleased to announce that today it received requisite shareholder approvals and approval of the Court of Queen's Bench of Alberta for its previously announced plan of arrangement (the "Arrangement") pursuant to which 1981064 Alberta Ltd., an entity related to One Stone Energy Partners, L.P., will acquire all of the issued and outstanding common shares of Yoho ("Yoho Shares") for $0.475 per share, [Read more]
Enbridge to buy Spectra Energy in all-stock deal worth C$37 billion
CALGARY - Enbridge is making a big bet on natural gas with the C$37-billion friendly takeover of Spectra Energy Corp., as it looks to grow while facing severe pushback on infrastructure projects. The all-stock deal with Houston-based Spectra — the largest-ever foreign acquisition by a Canadian company — will create the biggest energy infrastructure company in North America, with a combined value of about $165 billion. The deal would give Calgary-based Enbridge (TSX:ENB) far more [Read more]
A look at the five biggest foreign takeovers by Canadian companies
CALGARY - Enbridge Inc. has struck a deal to acquire Houston-based Spectra Energy in a friendly, all-stock deal worth US$28 billion in what would be the largest foreign takeover by a Canadian company. Here's a look at how it stacks up to the next five biggest Canadian acquisitions of foreign firms: March 2016: TransCanada Corp. of Calgary announces it's buying Houston-based Columbia Pipeline Group in a US$13 billion deal, including US$2.8 billion in liabilities. June 2015: A [Read more]
Gibsons Announces Doubling of Storage Capacity at Edmonton
CALGARY, ALBERTA--(Marketwired - Sept. 6, 2016) - All financial figures are in Canadian dollars Gibson Energy Inc. ("Gibsons" or the "Company") (TSX:GEI) is pleased to announce that it has received committed customer support for the construction of two new 400,000 barrel crude oil storage tanks and related pipeline connection infrastructure at the Company's Edmonton Terminal. The new tanks, which are expected to be in-service by the second quarter of 2018, are underpinned by a long-term, [Read more]
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