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Weekly OFS Newsletter – June 12, 2017

OILFIELD SERVICES UPDATE Monday June 12, 2017 News items ended June 11, 2017   Mergers and Acquisitions Ceiba Energy Services Inc. (TSXV:CEB) announces that Ceiba and SECURE Energy Services Inc. have entered into an amended and restated arrangement agreement where holders of the unsecured, convertible debentures of Ceiba will receive $1,215 for each $1,000 principal amount of Debentures. SECURE wi... Continue Reading

Weekly OFS Newsletter – June 5, 2017

OILFIELD SERVICES UPDATE Monday June 5, 2017 News items ended June 4, 2017   Mergers and Acquisitions British based Ensco plc (NYSE:ESV) is acquiring Houston based Atwood Oceanics Inc. (NYSE:ATW) in an all-stock transaction for $839 million. Atwood shareholders will receive 1.60 shares of Ensco valued at $10.72 per Atwood share, with expected pre-tax synergies of $65 million 2019 and beyond. Finan... Continue Reading

Weekly OFS Newsletter – May 29, 2017

OILFIELD SERVICES UPDATE Monday May 29, 2017 News items ended May 28, 2017   News Petrowest Corporation (TSX:PRW) announced a $12.0 million bridge loan from Crown Capital Partners Inc. (TSX:CRWN) to provide additional financial flexibility during its non-core asset disposition efforts. The interest rate for the bridge loan is 12% per annum, maturing on November 30, 2017.  ... Continue Reading

Weekly OFS Newsletter – May 23, 2017

OILFIELD SERVICES UPDATE Tuesday May 23, 2017 News items ended May 22, 2017   News McCoy Global Inc. (TSX:MCB) is repurchasing up to 1,385,212 or 5% of its outstanding common shares, approved by the Toronto Stock Exchange (TSX). Management believes a share repurchase at its current market price will serve the best interests of the company and its shareholders. US President Donald Trump’s budget pr... Continue Reading

Weekly OFS Newsletter – May 15, 2017

OILFIELD SERVICES UPDATE Monday May 15, 2017 News items ended May 14, 2017   Mergers & Acquisitions Clean Harbors Inc. (NYSE:CLH) is acquiring Lonestar West Inc. (TSXV:LSI) in an all-cash transaction of $44.1 million. Clean Harbors will pay Lonestar shareholders $0.72 per share to extend its daylighting and hydro excavation capabilities and to expand further geographically. SECURE Energy Servi... Continue Reading

Weekly OFS Newsletter – May 8, 2017

OILFIELD SERVICES UPDATE Monday May 8, 2017 News items ended May 7, 2017   Other News CWC Energy Services Corp. (TSXV:CWC) initiated a process to review strategic alternatives and potential transactions with the improving oilfield environment and the increase in M&A activities within the sector. Keyera Corporation (TSX:KEY) is seeking to sell its crude oil pipeline interests in the Red Earth C... Continue Reading

Weekly OFS Newsletter – May 1, 2017

OILFIELD SERVICES UPDATE Monday May 1, 2017 News items ended April 30, 2017 Mergers and Acquisitions Pembina Pipeline Corporation (TSX:PPL) is offering to acquire Veresen Inc. (TSX:VSN) in a $9.7 billion deal, including the assumption of Veresen’s debt and preferred shares. The combined entity will have an enterprise value of approximately $33 billion, with a wider geographical presence and the po... Continue Reading

Weekly OFS Newsletter – April 24, 2017

OILFIELD SERVICES UPDATE Monday April 24, 2017 News items ended April 23, 2017 Mergers and Acquisitions Source Energy Services Ltd. (TSX:SHLE) has closed its previously announced acquisition of Sand Products Wisconsin LLC for total proceeds of US$45,000,000. Acquired assets include a Northern White frac sand mine, processing facility and unit train capable load-out facility located near Blair, Wis... Continue Reading

Weekly OFS Newsletter – April 17, 2016

OILFIELD SERVICES UPDATE Monday April 17, 2017 News items ended April 16, 2017 Mergers and Acquisitions Secure Energy Services Inc. completed the acquisition of the Canadian division of a production chemicals business from a US-based multinational company for an aggregate purchase price of approximately C$29.8 million, subject to any post-closing adjustments, with consideration paid in cash. Finan... Continue Reading

Weekly OFS Newsletter – April 10, 2017

OILFIELD SERVICES UPDATE Monday April 10, 2017 News items ended April 9, 2017 Mergers and Acquisitions Hyduke Energy Services Inc. closed the previously announced acquisition of all of the issued and outstanding common shares of Avalanche Metal Industries Ltd., a Kelowna, BC based metal fabrication business. WesternOne Inc. has entered into a binding agreement with Triple M Modular Ltd., an invest... Continue Reading


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