CALGARY, ALBERTA--(Marketwired - April 7, 2017) - Enbridge Inc. (TSX:ENB)(NYSE:ENB) (Enbridge) has been notified of an unsolicited mini-tender offer made by TRC Capital Corporation (TRC Capital) to purchase up to 2,500,000 common shares or Enbridge, or approximately 0.15% of the company's outstanding common shares, at a price of $53.38 per share. Enbridge does not endorse this unsolicited offer, has no association with TRC Capital or its offer, and recommends that shareholders do not tender [Read more]
Headlines
Baker Hughes Announces March 2017 Rig Counts
HOUSTON--(BUSINESS WIRE)--Baker Hughes Incorporated (NYSE:BHI) announced today that the international rig count for March 2017 was 943, up 2 from the 941 counted in February 2017, and down 42 from the 985 counted in March 2016. The international offshore rig count for March 2017 was 197, down 3 from the 200 counted in February 2017, and down 14 from the 211 counted in March 2016. The average U.S. rig count for March 2017 was 789, up 45 from the 744 counted in February 2017, and up 311 from [Read more]
Cenovus achieves key acquisition financing milestones
CALGARY, AB--(Marketwired - April 06, 2017) - Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE) has made significant progress executing on its previously announced financing plan for the company's $17.7 billion purchase of assets in Western Canada from ConocoPhillips. The acquisition is expected to close in the second quarter of this year. Since the agreement was announced on March 29, 2017, Cenovus has successfully completed a planned $3.0 billion bought-deal common share financing and priced a [Read more]
Hemisphere Energy announces non-brokered private placement of CDE flow-through common shares for total gross proceeds of up to $875,000
TSX-V: HME - VANCOUVER, April 6, 2017 /CNW/ - Hemisphere Energy Corporation ("Hemisphere" or the "Company") (TSX-V: HME) is pleased to announce a non-brokered private placement offering (the "Offering") of up to 3,125,000 common shares of Hemisphere ("Flow-Through Shares") at a price of $0.28 per Flow-Through Share to be issued on a Canadian Development Expense flow-through basis pursuant to the provisions of the Income Tax Act (Canada) for gross proceeds to the Company of up to [Read more]
CAODC & RiggerTalk Form an Exciting New Partnership
CAODC member companies are always looking for ways to do things differently. The Canadian oil patch in general is known for working hard, and also working smart. As the saying goes, necessity is the mother of invention, and working in some of the toughest conditions on some of the toughest formations has resulted in technology and techniques that are literally second to none. With that spirit in mind, CAODC not only works hard to deliver value for members, but continues to strive for ways to [Read more]
Jaguar Resources Inc. Announces Financing of $38 Million USD
CALGARY, ALBERTA--(Marketwired - April 6, 2017) - Jaguar Resources Inc. (TSX VENTURE:JRI) ("Jaguar" or the "Company") intends to issue Common shares for a total of $38 million USD (the "Financing"). The Financing consists of common shares issued at $1.20 CDN (actual CDN value will be determined based upon exchange rate at time of closing) $38 Million USD in proceeds. The funds will be used to develop oil and gas prospects in the Western Canadian Sedimentary Basin of Alberta. A portion of the [Read more]
Birchcliff Energy Ltd. Announces Increase in Ownership by Seymour Schulich
CALGARY, ALBERTA--(Marketwired - April 6, 2017) - Birchcliff Energy Ltd. ("Birchcliff") (TSX:BIR) is pleased to announce that Mr. Seymour Schulich has informed Birchcliff that he recently acquired control and direction over an additional 2,000,000 common shares of Birchcliff through the facilities of the Toronto Stock Exchange at an average purchase price of $7.84 per common share. As a result of this purchase, Mr. Schulich now beneficially owns or exercises control or direction over a total of [Read more]
Raging River Exploration Inc. Responds to Market Speculation
CALGARY, ALBERTA--(Marketwired - April 6, 2017) - Raging River Exploration Inc. (the "Company" or "Raging River") (TSX:RRX) is providing the following response in regards to recent market speculation on the appointment of a financial advisor by the Company. As part of our normal business practice, Raging River has previously and will continue to engage financial advisors to assist in the execution of its long term business plan. GMP Securities L.P. ("GMP FirstEnergy") had been engaged as a [Read more]
Palliser Q2 2017 Prospects
Palliser Q2 2017 Prospects Heritage Resource Limited Partnership referred to as “Heritage” is marketing fee simple mineral rights for Farmout/Lease with respect to three Mannville prospect areas on the Palliser Block. The prospect areas identify horizontal development opportunities in the Mannville Group by using subsurface analog data. Highlights Palliser South – Tide Lake T17/18 R11/12 W4M Up to 42 Sections Available PNG in Mannville* Partial 3D Seismic coverage available [Read more]
Leucrotta Exploration Inc. Increases Size of Bought Deal Financing to $80 Million
CALGARY, ALBERTA--(Marketwired - April 6, 2017) - Leucrotta Exploration Inc. ("Leucrotta" or the "Company") (TSX VENTURE:LXE) is pleased to announce that in connection with its April 5, 2017 announced Bought-Deal Financing (the "Bought Deal Financing"), Leucrotta has entered into a revised agreement with the syndicate of Underwriters (the "Underwriters"), co-led by Haywood Securities Inc. and National Bank Financial Inc., pursuant to which the Underwriters have agreed to increase the size of the [Read more]