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Canada's Whitecap Resources to buy Kicking Horse Oil & Gas for C$300mn
Business & Finance

Canada's Whitecap Resources to buy Kicking Horse Oil & Gas for C$300mn

  • Whitecap's indirect acquisition of Kicking Horse consists of 34.5 million Whitecap common shares and C$56 million in cash, along with the assumption of net debt estimated at C$54 million as of Feb. 28.
  • The Kicking Horse assets are positioned in the liquids-rich portion of the Alberta Montney. Whitecap says the deal complements its existing Montney position at Karr and has significant offsetting activity.
Published 05 Apr, 2021 05:39pm
Oil falls as Suez opens, focus turns to OPEC+ output
Markets

Oil falls as Suez opens, focus turns to OPEC+ output

  • Brent crude was down $1.02, or 1.6%, at $63.96 a barrel by 1334 GMT. West Texas Intermediate US oil was off by $1.16, or 1.9%, at $60.40 barrel.
  • "The wobble we have seen in prices means that OPEC+ will likely need to take a cautious approach once again," bank ING said. "We are of the view that the group will likely hold output levels unchanged."
Published 30 Mar, 2021 09:07pm
Oil prices rise on fears Suez blockage may last weeks
Markets

Oil prices rise on fears Suez blockage may last weeks

  • Brent, WTI rise about 2% but set for 3rd weekly loss.
  • Ship blocking Suez may take weeks to free-salvage firm.
  • Shipping rates rise, oil and gas tankers diverted.
    • UAE's ADNOC deepens supply cuts to Asia in June –sources.
Published 26 Mar, 2021 05:16pm