Permex Petroleum Corporation (ticker: OIL) has completed its initial public offering of 8,135,500 common shares at a price of $0.50 per share for proceeds of $4,067,750. The shares were listed on the Canadian Securities Exchange (CSE) on May 15, 2018 and started trading this morning (May 17, 2018) under the ticker “OIL.” Returning shut in wells to production in the
Deal will create the largest U.S. refiner Marathon Petroleum Corp. (ticker: MPC) and Andeavor (ticker: ANDV) have entered into a definitive merger agreement under which MPC will acquire all of ANDV’s outstanding shares, representing a total equity value of $23.3 billion and total enterprise value of $35.6 billion, based on MPC’s April 27, 2018, closing price of $81.43. ANDV shareholders
Liberty added 1,000 new employees in 2017, ordered two additional frac fleets to be delivered in Q3, Q4 2018 Newly public Liberty Oilfield Services Inc. (ticker: LBRT) earned $45 million, or $0.30 per share in Q4 2017. For the full year of 2017, the company earned $130 million, or $0.88 per share. Liberty said that these numbers have been adjusted
Eclipse Resources Corporation (ticker: ECR) had a net income for 2017 of $8.5 million, or $0.03 per share. For reference, the company had a net loss of $206.7 million, or $(0.86) per share for 2016. The fourth quarter of 2017 showed a net loss of $13.1 million, or $(0.05) per share. In Q4 2016 the company had a net loss
Delaware Basin producer Centennial Resource Development, Inc. (ticker: CDEV) had average daily oil and total equivalent production volumes of 19,161 Bbls/d and 31,864 BOEPD, respectively. Centennial said that these production volumes represent an increase of 233% for daily oil and an increase of 278% for equivalents year-over-year. “In our first full year of operation, Centennial delivered on the 2017 goals
CALGARY, ALBERTA–(Marketwired – April 13, 2016) – TransCanada Corporation (TSX:TRP) (NYSE:TRP) (TransCanada) today announced that it will issue 12 million cumulative redeemable minimum rate reset first preferred shares, series 13 (the “Series 13 Preferred Shares”) at a price of $25.00 per share for aggregate gross proceeds of $300 million on a bought deal basis to a syndicate of underwriters in
CALGARY, ALBERTA–(Marketwired – April 11, 2016) – Genoil Inc. (OTCBB:GNOLF) – The company closed its private placement on Friday December 11, 2015, raising gross proceeds of $322,730 totaling 6,454,600 shares at a price of $ 0.05 per unit. Each unit is comprised of one common share of the company and one transferable common share purchase warrant (a warrant). Each warrant will
