Markets & Investment
Wilks Brothers to make offer for Calfrac if recapitalization plan rejected
Wednesday, September 2, 2020, 6:40 AM MDT
Wilks Brothers LLC says it will make a takeover offer for Calfrac Well Services Ltd. if shareholders reject the company's…
Oil holds near $43 on signs U.S. crude stockpiles fell further
Wednesday, September 2, 2020, 6:38 AM MDT
Oil was trading near $43/bbl in New York on signs U.S. crude stockpiles extended declines for a sixth week, easing…
Calfrac says U.S. court sides with company in fight with Wilks Brothers
Tuesday, September 1, 2020, 7:11 AM MDT
Calfrac Well Services Ltd. says a U.S. court has sided with the company in its fight with Texas-based Wilks Brothers…
Obsidian hostile takeover bid for Bonterra shows 'frustration'
Tuesday, September 1, 2020, 7:07 AM MDT
A hostile takeover offer by Obsidian Energy Ltd. launched by making public a letter to the CEO of Bonterra Energy…
Whitecap offers to buy NAL Resources from Manulife for $155 million in shares
Tuesday, September 1, 2020, 7:01 AM MDT
Whitecap Resources Inc. says it has struck an all-stock deal to buy private oil and gas producer NAL Resources Ltd.…
Oil climbs near $43 a barrel with renewed support from dollar
Tuesday, September 1, 2020, 6:43 AM MDT
Oil rose to trade near $43/bbl in New York, with support from a weaker dollar and expectations of a further…
Oil climbs above $43 in New York as Goldman strikes bullish tone
Monday, August 31, 2020, 6:21 AM MDT
Oil rose above $43 a barrel in New York to its highest closing level since early March amid a broader…
Obsidian proposes merger with Bonterra in share swap deal
Monday, August 31, 2020, 6:08 AM MDT
Obsidian Energy Ltd. is proposing a merger with Bonterra Energy Corp. The proposed deal would see Bonterra shareholders own about…
Saskatchewan headed for austerity as it deals with $2.1B COVID-19 deficit
Friday, August 28, 2020, 7:22 AM MDT
Spending restraint is on the horizon in Saskatchewan as the province begins to dig itself out of a deficit Premier…
Canadian economy posted record drop in Q2 due to pandemic
Friday, August 28, 2020, 7:15 AM MDT
Statistics Canada says the economy posted its steepest decline on record in the second quarter as the COVID-19 pandemic forced…
Oil near $43 with Hurricane Laura unable to break market slumber
Friday, August 28, 2020, 6:42 AM MDT
Oil stayed in its recent tight range after Hurricane Laura swept through the U.S. energy heartland without appearing to inflict…
Low oil prices, COVID crisis hand Alberta $24.2B deficit
Friday, August 28, 2020, 6:06 AM MDT
The double blow of collapsing oil prices and the COVID-19 crisis have pushed Alberta into a historic deficit of $24.2…
