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News Date
Point Loma raised $753,000 through a private equity placement
Point Loma Resources issued 2.6 million shares for $0.29 each to raise $753,000 on Jan. 9. Evenergy Co, an investor in the company, participated in the private placement. Point Loma will use proceeds...
Feb 02, 2018
Bank of Canada ups key rate, other banks raise theirs
Canada raised a key interest rate to its highest level in nearly nine years even as most of the world’s central banks are reluctant to abruptly tighten money supplies because of underlying weakness...
Feb 02, 2018
Canada expected to boost shale production
A decade after US shale production began to surge, Canadian producers and global oil majors are turning their attention to the Duvernay and Montney formations, which they believe could contain as...
Feb 02, 2018
Nine banks accused of manipulating Canadian rate
A Colorado pension fund accused nine banks of conspiring to manipulate a key Canadian interest rate to improve profits on derivatives trading. The lawsuit, filed by the Fire & Police Pension...
Feb 02, 2018
Gen III investing $90MM to build re-refinery in Alberta
A Vancouver-based oil processing company plans to rebuild an idled refinery into a 2,800 bbl/d re-refinery this summer, the first of its kind in Alberta. Gen III Oil Corp signed a 20-year lease with...
Feb 02, 2018
PRD Energy to finish liquidation in 2Q18
Calgary-based PRD Energy is in the process of dissolving its German subsidiaries and disposing of assets before it completes its liquidation, a process that should conclude before the end of 2Q18....
Feb 02, 2018
TransAtlantic hires Tudor Pickering for strategic alternatives
TransAtlantic Petroleum Ltd. engaged Tudor Pickering Holt & Co. as financial advisor as it explores strategic alternatives. The dual-listed NYSE and Toronto Exchange TransAtlantic said it would...
Feb 02, 2018
Toronto Exchange out of the running for Aramco listing
For several months the Toronto Stock Exchange was a contender for one of the listings of Saudi Aramco once the company goes public in what’s expected to be a $100 billion IPO. But that changed Jan....
Feb 02, 2018
Private placement funds Chinook $3.4 million capex
Chinook Energy completed a private placement of 6.5 million flow through common shares for $0.31 each to raise $2.0 million that it will use to fund the two-well drilling program in 1H18. The $3.4...
Feb 02, 2018
Connacher pays $16.5MM revolver with royalty sale proceeds
Connacher Oil and Gas Ltd. granted a bitumen royalty to Burgess Energy Holdings on Jan. 30 on all of the lands containing bitumen together with the oil sands rights and interests owned by Connacher...
Feb 02, 2018

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