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News Date
Cona sells minor non-core Westhazel asset
Cona Resources (formerly Northern Blizzard) divested its non-core Westhazel property in Saskatchewan to an undisclosed buyer. Prior to that deal closing on Feb. 28, Cona became the only stakeholder...
Mar 20, 2018
Cardinal Energy divests royalty assets for $24 million
Following a 2017 dedicated to consolidating its position in southeast Saskatchewan, Cardinal Energy signed a PSA to sell fee title lands in the Weyburn area of Saskatchewan and a new gross overriding...
Mar 20, 2018
Freehold acquires Alberta & Sask. royalty assets for $24MM
Freehold Royalties Ltd. acquired royalty assets in Alberta and Saskatchewan for C$24 million (US$18.6 million). Freehold’s second acquisition of the year comes after an active 2017 that saw the...
Mar 20, 2018
Point Loma & Whitebark acquire assets from co. in receivership
Only a few months after consolidating its core West Central Alberta position, Point Loma Resources and Salt Bush Energy, the Canadian subsidiary of Australia-based Whitebark Energy, struck a deal to...
Mar 20, 2018
Questerre to develop Kakwa North acreage with partner
Questerre Energy has entered into an agreement with an unnamed partner to develop Questerre’s 100% acreage in the Kakwa area. The first well at Kakwa North is expected to spud in Q2 depending on rig...
Mar 20, 2018
Desert Lion closes merger after $12.9MM placement
Desert Lion Energy Corp. has closed on its previously announced reverse merger with Camex Energy Corp. The combined company is now Desert Lion Energy Inc and trades on the TSX Venture Exchange under...
Mar 20, 2018
Cenovus on hunt for partner at $1.3B Narrows Lake project
In addition to pursuing strategic divestments to pay down debt associated with its $17.7 billion acquisition of oil sands and Deep Basin assets last year from ConocoPhillips,Cenovus Energy is...
Mar 20, 2018
Domestic firms boost output after major buys in 2017
Driven by the landmark Cenovus Energy and Canadian Natural Resources Ltd. acquisitions 1Q17’s $41.4 billion in deals was the highest in any quarter since at least 2008 and exceeded the annual totals...
Mar 20, 2018
Tourmaline divests non-core assets for $72 million
Tourmaline Oil’s first deal of 2018 diverges from recent years, with Tourmaline announcing a divestment rather than an acquisition. The company sold mostly undeveloped assets across its three...
Mar 20, 2018
Waterous fully acquires Cona for $195MM including debt
After acquiring a majority stake in Western Canada producer Cona Resources Ltd. last May, Sam Waterous’ private equity fund is increasing its ownership in the company to 100% for C$194.6 million...
Mar 20, 2018

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