Markets & Investment

Whitecap Resources strikes deal to buy Kicking Horse for $300M in cash and shares

Tuesday, April 6, 2021, 5:57 AM MDT

Whitecap Resources Inc. says it has struck a $300-million cash-and-shares deal to buy private rival Kicking Horse Oil & Gas…

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Pioneer to buy DoublePoint in $6.4 billion Permian deal

Monday, April 5, 2021, 6:19 AM MDT

Pioneer Natural Resources Co. is buying DoublePoint Energy LLC in a deal valued at $6.4 billion, less than three months…

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Oil falls as India virus cases surge, OPEC+ opts to boost output

Monday, April 5, 2021, 5:59 AM MDT

Oil fell after OPEC+ decided to increase output from next month and coronavirus cases in India surged, potentially sapping demand in the world’s…

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Oil pares gain with OPEC+ to choose between hike or holding cuts

Thursday, April 1, 2021, 7 AM MDT

Oil pared an earlier increase in New York ahead of a high-stakes OPEC+ policy meeting, with producers debating whether to…

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Bonterra Energy CEO says end of takeover battle with Obsidian comes as a relief

Thursday, April 1, 2021, 6:28 AM MDT

The chairman and CEO of Bonterra Energy Corp. says he's relieved that rival Obsidian Energy Ltd. ended its hostile takeover…

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Study finds Alberta quotas successfully boosted crude prices, warns of lingering effects

Thursday, April 1, 2021, 6:21 AM MDT

An oil curtailment system set in place by the Alberta NDP in early 2019 and continued by the United Conservative…

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Seven Generations Energy and ARC Resources shareholders approve $8.1 billion merger

Thursday, April 1, 2021, 6:12 AM MDT

Shareholders owning more than 95 per cent of the stock in ARC Resources Ltd. have approved its merger with fellow…

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OPEC+ panel revises down oil-demand estimate before meeting

Wednesday, March 31, 2021, 6:44 AM MDT

A panel of OPEC+ technical experts agreed to revise down oil-demand estimates for 2021, signaling a more negative view of…

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Oil fluctuates near $60 as OPEC+ seen rolling over supply curbs

Wednesday, March 31, 2021, 6:22 AM MDT

Oil traded near $60 a barrel in New York ahead of an OPEC+ meeting this week, with the group expected…

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ARC/Seven Generations merger vote today would create 6th largest oil and gas producer

Wednesday, March 31, 2021, 6:13 AM MDT

No surprises are expected today as shareholders in ARC Resources Ltd. and Seven Generations Energy Ltd. vote virtually on an…

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Obsidian Energy allows hostile takeover offer for Bonterra Energy to expire

Wednesday, March 31, 2021, 6:03 AM MDT

Obsidian Energy has ended its hostile takeover attempt for Bonterra Energy Corp. The company allowed its offer to buy Bonterra…

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ESG-linked loans are set to blast off in Canada, CIBC says

Tuesday, March 30, 2021, 6:48 AM MDT

Sustainability-linked loans, a type of financing subject to a borrower’s compliance with environmental or socially responsible standards, is set for…

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