HOUSTON, TEXAS--(Marketwired - June 22, 2016) - News Release - TransCanada Corporation (TSX:TRP) (NYSE:TRP) (TransCanada) and Columbia Pipeline Group, Inc. (NYSE:CPGX) (Columbia) today announced that at a special meeting held earlier today in Houston, Texas, Columbia's stockholders voted to adopt the previously announced merger agreement. Approximately 95.33% of votes cast by Columbia stockholders were in favour of adoption of the merger agreement, which will have TransCanada acquire Columbia [Read more]
Headlines
Birchcliff Energy Ltd. Increases Size of Bought Deal Financing
CALGARY, ALBERTA--(Marketwired - June 22, 2016) - Birchcliff Energy Ltd. ("Birchcliff" or the "Corporation") (TSX:BIR) is pleased to announce that in connection with its June 21, 2016 announced bought-deal financing ("Bought Deal Financing"), Birchcliff has entered into an revised agreement with the syndicate of underwriters (the "Underwriters"), co-led by National Bank Financial Inc. ("NBF"), Cormark Securities Inc., GMP Securities L.P. and Scotia Capital Inc., pursuant to which the [Read more]
First Nations deeply involved in natural resource development: study
Canada's First Nations have a stake worth hundreds of millions of dollars in resource industry development and are likely to call more of the industry's shots in the future, concludes a research paper. "There is not going to be a very substantial expansion of the resource sector in Canada without full partnerships with indigenous Canadians," said Ken Coates of the University of Saskatchewan. Coates wrote the report for the Indian Resource Council, an aboriginal group that [Read more]
BOE Report Podcast Episode 7
On this episode, the BOE Report team talks about nonsensical arguments against pipeline development, the ongoing exodus of multinational oil companies from Alberta and the recent AER changes to the liability rating for oil and gas companies. Get episode on Google Play | iTunes | RSS On the Show Terry Etam Tim Dell James Rose Josh Groberman Topics Nonsensical arguments against oil pipelines Mass exodus of multinationals from Alberta AER changes to liability [Read more]
Suncor Energy announces closing of $2.9 billion bought-deal common share financing
CALGARY, ALBERTA--(Marketwired - June 22, 2016) - Suncor today announced that it has completed its previously announced bought-deal offering of 82,225,000 common shares at a price of $35.00 per common share through a syndicate of underwriters led by TD Securities Inc., CIBC Capital Markets and J.P. Morgan Securities Canada Inc. (the "Offering"). The Offering includes 10,725,000 common shares issued pursuant to the fully exercised over-allotment option. Aggregate gross proceeds from the Offering [Read more]
Long Run Exploration Ltd. Announces Receipt of Investment Canada Approval
CALGARY, ALBERTA--(Marketwired - June 22, 2016) - Long Run Exploration Ltd. ("Long Run" or the "Company") (TSX:LRE) is pleased to announce that Calgary Sinoenergy Investment Corp. (the "Purchaser") has received approval under the Investment Canada Act for the acquisition of Long Run by the Purchaser pursuant to the plan of arrangement involving Long Run, the Purchaser and the Long Run securityholders (the "Arrangement"). Long Run is working with the Purchaser in respect of the foreign [Read more]
Sunshine Oilsands Ltd.: Announcement of Partial Closing of Private Placement of 58,871,000 Common Shares Under General Mandate
HONG KONG, CHINA and CALGARY, ALBERTA--(Marketwired - June 21, 2016) - Sunshine Oilsands Ltd. (a corporation incorporated under the Business Corporations Act of the Province of Alberta, Canada with limited liability) (HKSE:2012) By Order of the Board of Sunshine Oilsands Ltd. Sun Kwok Ping, Executive Chairman Hong Kong, June 22, 2016 Calgary, June 21, 2016 As at the date of this announcement, the Board consists of Mr. Kwok Ping Sun, Mr. Hong Luo and Dr. Qi Jiang as executive [Read more]
PetroShale Announces Affirmation of Senior Loan Capacity
CALGARY, ALBERTA--(Marketwired - June 21, 2016) - PetroShale Inc. ("PetroShale" or the "Company") (TSX VENTURE:PSH) (OTCQX:PSHIF) is pleased to announce the lender to its senior secured revolving credit facility (the "Senior Facility") has re-affirmed the current borrowing base capacity at US$22.5 million following its review of the Company's year end independent reserve report. The Senior Facility is a revolving demand loan provided by a Canadian chartered bank, with a term to June 16, 2017, [Read more]
Twin Butte Announces Extension of Credit Facilities
CALGARY, June 21, 2016 /CNW/ - (TSX: TBE) – Twin Butte Energy Ltd. ("Twin Butte" or the "Company") announces that its bank syndicate has agreed to extend the maturity date of Twin Butte's $85 million non-revolving credit facility by one day from June 21, 2016 to June 22, 2016 and the expiry of the revolving period of Twin Butte's $140 million revolving credit facility by one day from June 21, 2016 to June 22, 2016 to enable the Company to continue with its strategic alternatives process. As [Read more]
Zargon Oil & Gas Ltd. Announces Renewal of Credit Facilities
CALGARY, ALBERTA--(Marketwired - June 21, 2016) - Zargon Oil & Gas Ltd. (TSX:ZAR)(TSX:ZAR.DB) ("Zargon") has renewed and extended its committed syndicated credit facilities with a borrowing base of $70 million, down from $88 million. The credit facilities are now fully revolving until September 22, 2016, with the provision for a nine month extension at the option of the lenders and upon request from Zargon. This reduced borrowing base compares with Zargon's outstanding bank debt of $64.6 [Read more]