Browsing Tag
Alberta
97 posts
Aecon backlog hits record C$14.6bn as nuclear and power contracts lift quarterly revenue 26%
Aecon has reported record construction backlog, stronger quarterly earnings and substantial operating cash generation as Canadian nuclear, electricity and infrastructure contracts expand, while project delivery and corporate costs remain important determinants of future profitability.
SNDL cuts more than 30% of Kelowna manufacturing jobs, but will the cannabis retreat protect profitability?
SNDL has reduced more than 30% of the workforce at its Kelowna manufacturing facility as the Canadian cannabis and liquor retailer reshapes its production portfolio, exits unprofitable domestic dried flower activity and seeks more consistent profitability. The reductions come alongside a planned capital return programme and an increased economic interest in U.S. cannabis operator Parallel.
Ovintiv to buy Logan Energy for $890m as Montney oil production expands
Ovintiv's proposed acquisition adds approximately 20,000 barrels of daily production, extensive Canadian drilling inventory and processing infrastructure, while a separate Logan Oil spinout makes the transaction more complex than its headline cash price.
Deadly fire at Canadian military base in Alberta prompts major investigation
Canadian authorities have confirmed fatalities and injuries after a fire spread from CFB Wainwright's training area, while the cause and full casualty toll remain under investigation.
Emera’s Canadian Utilities merger to reshape North American power infrastructure investment
Emera Incorporated and Canadian Utilities Limited have announced a transformative all-share combination that would create a utility group with approximately C$72 billion in enterprise value, C$45 billion in regulated rate base and a C$32 billion investment plan through 2030.
Athabasca Oil (TSX: ATH) trades above C$12 deal as approvals become the next test
Athabasca Oil jumped after Cenovus Energy agreed to acquire the company at C$12 per share in cash and stock, but proration, Cenovus share exposure and deal completion now matter more than standalone valuation.
Carlyle backs C$1bn Parallax deal to build larger Canadian oil platform
Carlyle-backed Avenrock is acquiring Parallax Energy in a reported C$1 billion deal, expanding its Western Canadian light oil strategy.
Journey Energy buys Keyera Rimbey infrastructure stake for C$8m
Journey Energy Inc. has acquired a 0.98% stake in the Keyera Rimbey gas-processing facility, seeking both fee revenue and lower processing costs for its growing Duvernay production.
Advantage Energy (TSX: AAV) closes C$316m Wembley sale and resumes buybacks
Advantage Energy has completed the C$316 million sale of its Wembley assets ahead of schedule, using the proceeds to reduce bank debt before restarting significant share repurchases.
Tamarack Valley (TSX: TVE) and Headwater agree C$10bn oil combination
Tamarack Valley Energy and Headwater Exploration have agreed an all-stock combination valued at C$10 billion, creating an 80,000-plus-boe/d Clearwater producer while spinning exploration assets into a separately listed company and increasing Tamarack’s dividend by 20% after closing.