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Luminus boosts ownership of Montney pure-play Delphi
Montney pure-play Delphi Energy announced that New York-based equity hedge fund Luminus Energy Partners Master Fund Ltd. acquired additional common shares through exempt market purchases and that it now owns 21.23% of Delphi’s outstanding shares. Luminus was the principal investor in the $65 million debt and equity financing by Delphi in June 2017 to fund an expanded capital program, through which Luminus acquired 16.72% of Delphi’s shares.The $463 million Delphi is allocating to its......
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