CALGARY – Energy firms have been looking to raise billions in financing by selling big chunks of their own stock – betting that investors smell a buying opportunity. 636 more words
Tags » Encana
CALGARY – Encana Corp. said Wednesday it would raise $1.25 billion in a bought deal offering to strengthen its balance sheet, contributing to a flurry of equity financings in the oil patch amid depressed oil prices and opportunities to purchase distressed assets at bargain prices. 461 more words
Encana Corp., Canada’s largest natural gas producer, slashed its capital budget by a quarter for the year due to a slump in global crude oil prices. 226 more words
DENVER (CBS4) – Some Colorado lawmakers say cities that ban fracking should have to pay the owners of the mineral rights who are impacted, and the cost could run in the millions of dollars. 369 more words
Fourth-quarter reporting season in the Calgary oilpatch is expected to begin with an attack on investors’ wallets next Thursday.
At least three financial analysts are predicting Canadian Oil Sands Ltd., the largest investor in the Syncrude Canada oilsands consortium and the first large capitalization energy company out of the gate, will “substantially” chop its dividend or possibly eliminate it altogether as deeply discounted oil prices chip away at its predicted cash flow. 673 more words