BOE Report Staff

Animus Capital Partners Inc. (“Animus”) has been engaged as exclusive financial advisor to assist Ernst & Young Inc. (“EY”), in its capacity as Court appointed Receiver and Manager of Ranch Energy Corporation (“Ranch” or the “Company”), with EY launching a broadly marketed sales process for the Ranch oil & gas properties. Ranch has natural gas producing assets located in the Wildboy, Cordova, and Fort St. John areas of northeastern British Columbia. The Company has high working [Read more]

Western Canada’s fleet of drilling rigs decreased to a total of 182 according to data collected by Baker Hughes for the week of October 5th. From one week ago, Alberta rig counts returned to 126 after declining to 110 from the week before. Saskatchewan's rig count decreased from 48 to 33. Oil drilling went from 122 to 119; natural gas rigs increased from 56 to 63. View a full breakdown of western Canada’s rig activity. [Read more]

The new USMCA deal was announced Sunday night and not surprisingly, leaders of both the US and Canada declared it was a win for each of them with Donald Trump declaring it was “a great deal for all three countries”. We are hearing of the gains and losses for the Auto and Dairy Industries, but what we are not hearing is how the deal failed to resolve U.S. tariffs on Canada’s steel and aluminum exports. The steel and aluminum tariffs that Trump imposed on both countries earlier this year remain in [Read more]