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…

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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…

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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…

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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…

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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.…

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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…

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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…

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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…

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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…

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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…

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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…

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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…

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