CALGARY, ALBERTA--(Marketwired - Jan. 8, 2016) - Suncor Energy today announced it has extended its offer to Canadian Oil Sands Limited ("COS") shareholders to 6:00 p.m. MT (8:00 p.m. ET) on Wednesday, January 27, 2016. About Suncor's Offer to COS shareholders Full details of the offer and the related documents are available under the COS profile at sedar.com and through Suncor's website at suncorofferforcanadianoilsands.com. [Read more]
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Yoho Resources Announces Offer to Purchase Outstanding Debentures
CALGARY, ALBERTA--(Marketwired - Jan. 8, 2016) - Yoho Resources Inc. ("Yoho" or the "Company") (TSX VENTURE:YO) announces that in connection with its recently completed disposition of Duvernay assets in the Kaybob area of Alberta for cash consideration of $50 million (prior to adjustments) (the "Transaction"), Yoho is making an offer to purchase for cash (the "Offer") its outstanding $11.8 million aggregate principal amount of 8.25% convertible secured subordinated debentures maturing on June [Read more]
Suncor Energy hostile bid for Canadian Oil Sands to expire at 6 p.m. MST
CALGARY – Shareholders in Canadian Oil Sands (COS) have until this evening to decide whether to accept a takeover offer from Canada’s dominant oilsands producer. Suncor’s Energy’s all-stock bid, worth just over $4 billion, expires at 6 p.m. MT on Friday. The company has said the likelihood of it raising its offer is negligible and it’s prepared to walk away and move on to other opportunities if it doesn’t garner enough support by the deadline. At the crux of the battle is the outlook [Read more]
Repsol Oil & Gas Canada Inc. (formerly Talisman Energy Inc.) Announces Final Results of its Debt Tender Offer
CALGARY, ALBERTA--(Marketwired - Jan. 8, 2016) - Repsol Oil & Gas Canada Inc. (prior to January 1, 2016 known as Talisman Energy Inc.) (the "Offeror"), announced today the final results of its previously announced tender offer (the "Offer") to purchase for cash for a combined aggregate principal amount of up to $2,000,000,000 (the "Maximum Tender Amount") of the 5.85% Senior Notes due 2037 (CUSIP No. 87425E AJ2), 5.50% Senior Notes due 2042 (CUSIP No. 87425E AN3), 6.25% Senior Notes due 2038 [Read more]
Connacher Accelerates Maintenance
CALGARY, Jan. 8, 2016 /CNW/ - Connacher Oil and Gas Limited (CLC – TSX; "Connacher" or the "Company") announces that in light of the current low commodity price environment, the Company will accelerate planned maintenance at Great Divide. The Company plans to reduce output over the next couple of months by approximately 3,000 barrels of bitumen per day as this work progresses. The Company will advise if further production decreases become necessary. About Connacher Connacher is a [Read more]
Baker Hughes Announces December 2015 Rig Counts
HOUSTON, Jan. 8, 2016 /PRNewswire/ -- Baker Hughes Incorporated (NYSE:BHI) announced today that the international rig count for December 2015 was 1,095, down 14 from the 1,109 counted in November 2015, and down 218 from the 1,313 counted in December 2014. The international offshore rig count for December 2015 was 250, down 9 from the 259 counted in November 2015, and down 88 from the 338 counted in December 2014. The average U.S. rig count for December 2015 was 714, down 46 from the 760 [Read more]
Energy on the table as Alberta and Manitoba premiers meet in Winnipeg
WINNIPEG - Energy is on the table as Western Canada's two NDP premiers meet today in Winnipeg.Manitoba Premier Greg Selinger and Alberta Premier Rachel Notley are set to discuss issues such as energy infrastructure, renewable energy and climate change priorities.Last month, Selinger promised to cut greenhouse gas emissions by one-third in the next 15 years and bring in a cap-and-trade system for the province's 20 largest emitters to help meet that goal.The government promised to create 6,000 [Read more]
3MV Energy Announces Resignation from Board of Directors
CALGARY, Jan. 7, 2016 /CNW/ - 3MV Energy Corp. ("3MV" or the "Company") (TSXV: TMV) announces that Jason Brooks, effective immediately has resigned as a Director of the Company. The Board would like to thank Mr. Brooks for his service to the Company. [Read more]
NEB approves LNG Canada export licence
CALGARY, Jan. 7, 2016 /CNW/ - The National Energy Board (NEB) has approved the application of LNG Canada Development Inc. (LNG Canada) for a 40-year natural gas export licence with a maximum term quantity of 1494 billion cubic metres1. The issuance of this licence is subject to the approval of the Governor in Council. This is the first 40-year natural gas export licence approved by the NEB since the amendment to the National Energy Board Act in June 2015 as well as the corresponding [Read more]
Anderson Energy Postpones Special Meeting of Its Debentureholders to January 18, 2016
CALGARY, ALBERTA--(Marketwired - Jan. 7, 2016) - Anderson Energy Inc. ("Anderson" or the "Company") (TSX:AXL) announces that the special meeting of the holders of 7.50% Series A convertible unsecured subordinated debentures due January 31, 2016 (the "Series A Debentures") and holders of 7.25% Series B convertible unsecured subordinated debentures due June 30, 2017 (the "Series B Debentures", and together with the Series A Debentures, the "Debentures") scheduled for January 11, 2016 has been [Read more]