CALGARY - The president of one of Canada's biggest oil and gas producers says he doesn't believe Alberta's NDP government is out to hurt the industry as it prepares to review royalties and revamp environmental regulations.But Steve Laut, with Canadian Natural Resources Ltd. (TSX:CNQ), warned damage could still be inflicted, especially when there are so many changes happening at once."We're assuming that the royalty, regulatory and environmental burdens will be reasonable, allowing for investment [Read more]
News
Husky Energy Closes Preferred Share Offering
CALGARY, AB--(Marketwired - June 17, 2015) - Husky Energy (TSX: HSE) has completed its recently announced public offering of 6,000,000 Cumulative Redeemable Preferred Shares, Series 7 (the "Series 7 Shares") with a syndicate of underwriters led by RBC Capital Markets, BMO Capital Markets and Scotia Capital Inc.The aggregate gross proceeds to Husky from the completed offering are $150 million.The net proceeds of the offering will be used for general corporate purposes which may include, among [Read more]
Oil prospect off Newfoundland faces ‘harsh realities:’ Statoil official
ST. JOHN'S, N.L. - Jez Averty does not sound like an oil executive who expects a term sheet any time soon for developing what has been touted as Newfoundland's next big offshore site.In a speech Wednesday punctuated with bleak detail on how the price crash has knee-capped the industry, the vice-president of North American exploration for Statoil ASA offered only the most cautious optimism.Development of the remote Bay du Nord site faces "harsh realities" in a climate that is not business as [Read more]
Manitok Energy Inc. Announces the Closing of the Final Tranche of the Equity Financing, Update on the Wayne Acquisition and a Financial Update
CALGARY, ALBERTA--(Marketwired - June 17, 2015) - < Manitok Energy Inc. (the "Corporation" or "Manitok") (TSX VENTURE:MEI) is pleased to announce it has closed on the second and final tranche of approximately $6.6 million of gross proceeds (about 8.3 million common shares in the capital of the Corporation ("Common Shares")) of the previously announced non-brokered private placement of a combination of Common Shares at a price of $0.80 per Common Share, Common Shares issued on a [Read more]
Neil Young postpones Edmonton anti-oilsands fundraising show
EDMONTON - Canadian rock music legend and environmental activist Neil Young has postponed a planned benefit concert in Edmonton.Eriel Deranger, spokeswoman for the Athabasca Chipewyan First Nation, says the delay is due to internal management issues.No new date for the concert has been set.The show was to have been one of several concerts to benefit the northern Alberta band which lives in the oilsands region.The First Nation has mounted court challenges to development approvals in the [Read more]
Tidewater Midstream and Infrastructure Ltd. Announces Closing of $210 Million Subscription Receipt Financing
CALGARY, June 16, 2015 /CNW/ - Tidewater Midstream and Infrastructure Ltd. ("Tidewater" or the "Corporation") (TSX-V: TWM) is pleased to announce that it has completed its previously announced private placement offering of 155,557,000 Subscription Receipts at a price of $1.35 per Subscription Receipt for gross proceeds of $210,001,950 (the "Offering"). The Offering was Co-Lead by CIBC World Markets Inc. and Macquarie Capital Markets Canada Ltd. and included National Bank Financial Inc., [Read more]
Pembina Pipeline Corporation Announces Closing of $600 Million Public Note Offering
CALGARY, June 16, 2015 /CNW/ - Pembina Pipeline Corporation ("Pembina" or the "Company") (TSX: PPL, NYSE: PBA) is pleased to announce that it has closed its previously announced offering of $600 million of senior unsecured medium-term notes (the "Offering"). The Offering was conducted in two tranches consisting of $500 million in senior unsecured medium-term notes, series 6 (the "Series 6 Notes") having a fixed coupon of 4.24 percent per annum, paid semi-annually, and maturing on June 15, 2027, [Read more]
The Dark Side Of The Shale Bust
The fallout of the collapse in oil prices has a lot of side effects apart from the decline of rig counts and oil flows. Oil production in North Dakota has exploded over the last five years, from negligible levels before 2010 to well over a million barrels per day, making North Dakota the second largest oil producing state in the country. But the bust is leaving towns like Williston, North Dakota stretched extremely thin as it tries to deal with the aftermath. Williston is coping with $300 [Read more]
Yoho Announces Closing of Bought Deal Private Placement
CALGARY, ALBERTA--(Marketwired - June 16, 2015) - Yoho Resources Inc. ("Yoho" or the "Company") (TSX VENTURE:YO) is pleased to announce that it has closed its previously announced bought deal private placement (the "Private Placement") with a syndicate led by Acumen Capital Finance Partners Limited including FirstEnergy Capital Corp. (collectively, the "Underwriters"). Pursuant to the Private Placement, Yoho has issued 950,000 common shares ("Common Shares") of the Company at a [Read more]
Crescent Point Energy Announces Closing of Bought Deal Financing
CALGARY, ALBERTA--(Marketwired - June 16, 2015) - Crescent Point Energy Corp. ("Crescent Point" or the "Company") (TSX:CPG)(NYSE:CPG) has closed its previously announced bought deal financing of common shares at $28.50 per share, raising gross proceeds of approximately $660 million (the "Financing"), which includes the proceeds from a partial exercise of the underwriters' over-allotment option granted in association with the Financing. Net proceeds from the Financing are [Read more]