In a definitive move within the energy sector, TransAlta Corporation has entered into a share purchase agreement with Energy Capital Partners, the parent of Heartland Generation Ltd. and Alberta Power (2000) Ltd., to acquire Heartland’s entire business operations in Alberta and British Columbia. The purchase, valued at C$390 million, plus the assumption of C$268 million […]
In an impressive move that broadens its operational horizon, Rubellite Energy Inc. has locked in a definitive agreement to acquire additional Clearwater assets. This acquisition encompasses assets within the Figure Lake and Edwand regions, and undeveloped lands in the Nixon area of northeast Alberta. Detailed Acquisition Insights The deal, set at a robust $34.0 million […]
In a significant move that underscores the ever-evolving dynamics of the pulp industry, West Fraser Timber Co. Ltd. has inked a definitive sale agreement with Atlas Holdings. The deal encompasses West Fraser’s Quesnel River Pulp mill located in British Columbia and its Slave Lake Pulp mill based in Alberta. Notably, Atlas is no stranger to […]
Rangeland Energy and its financial sponsor, EnCap Flatrock Midstream, have entered a definitive agreement to sell Rangeland Midstream Canada Ltd. to Kingston Midstream Alberta Limited. The all-cash transaction’s overall value has not been disclosed. The deal is scheduled for completion by the end of Q3 2023, subject to obtaining the necessary regulatory approvals. Key Details […]
Strathcona Resources has struck a monumental deal, agreeing to acquire Pipestone Energy in an all-stock transaction valued at around C$8.6bn ($6.5bn). The acquisition, which includes approximately CAD 2.9 billion ($2.2 billion) in pro forma debt, will result in the total enterprise value of the newly expanded company reaching an impressive CAD 11.5 billion ($8.65 billion). […]
Empire Company has rolled out its premier online grocery home-delivery service, Voilà, to residents in Calgary, Edmonton, and nearby regions, heralding a significant step forward in its e-commerce expansion. Voilà brings almost 20,000 items from major food retailers such as Safeway, Chalo!, Sobeys, and FreshCo to customers, ensuring fresh local favorites from Alberta are only […]
WBM Technologies, a managed IT solutions provider, has announced its acquisition of PrinterWorks West, a print technology solutions provider in Alberta, Canada. This strategic move brings together two strong managed print support organizations and underscores the companies’ commitment to their unified customer community in Alberta. With the addition of PrinterWorks West, WBM Technologies will expand […]
ConocoPhillips has announced its intention to exercise its preemption right to purchase the remaining 50% stake in the Surmont oil sands project from TotalEnergies EP Canada. The consideration for the stake is at around $3 billion, and ConocoPhillips will also make contingent payments of up to approximately $325 million over a five-year period. The Surmont […]
Clean energy company TransAlta will acquire a 50% stake in the Tent Mountain Renewable Energy Complex in Alberta, Canada from Montem Resources for a total consideration of approximately CAD 25 million ($18.55 million). The Tent Mountain project is an early-stage 320MW pumped hydro energy storage development site that is expected to offer 15 hours of […]
Crescent Point Energy, a Canada-based oil and gas company, has agreed to acquire certain Kaybob Duvernay assets in Alberta from Paramount Resources for CAD 375 million ($275.49 million) in cash. The acquisition is said to increase Crescent Point Energy’s drilling inventory in the play to more than 20 years and improve its land position to […]