Sector Underperform

  • 5:38 PM

    Trinidad Drilling (TSE:TDG) disclosed plan to buy CanElson Drilling (TSE:CDI) for $505 million on Friday before trading hours. CDI shareholders can receive 1.0631 TDG shares or $4.90 in cash subject to a maximum $50 million cash payment. This suggests about an 18% premium to CDI’s closing share price of $4.27 at the close on June

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  • 5:28 PM

    Alvopetro Energy Ltd (CVE:ALV) ‘s first quarter depicted the company’s push to unlock the oil possible in its portfolio with drilling recently commenced on the first of three oil wells planned for 2015. The firm spud its first exploration well at block 182, a shallow conventional oil prospect, targeting the Agua Grande formation with additional

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  • 4:58 PM

    After market closed on Tuesday, Cequence Energy Ltd (TSE:CQE) stated a midstream partnership arrangement.  Company sells a stake while increasing NGL Recovery. CQE will sell a 50% interest in its Simonette facilities to Kanata Energy Group Ltd. (Private) for $34 million. The companies will then jointly fund (CQE’s share: $20 million) the addition of a

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