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Oil surge gives private equity a window to exit stranded Canadian energy firms

Oil surge gives private equity a window to exit stranded Canadian energy firms
marketscreener.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from marketscreener.com Daily Mail and Mail on Sunday newspapers.

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Oil surge gives private equity a window to exit stranded Canadian energy firms

Oil surge gives private equity a window to exit stranded Canadian energy firms
reuters.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from reuters.com Daily Mail and Mail on Sunday newspapers.

Christopher sheehanNia williamsDenny thomasMatthew lewisScott barronShariq khanDavid phungGreenfire acquisition corpThomson reuters trust principlesFire sky energyJapan petroleum exploration coSpartan delta corpTourmaline oilAzimuth capital backed corex resourcesBlack swan energy ltdVelvet energy

Oil surge gives private equity a window to exit stranded Canadian energy firms

Christopher sheehanNia williamsDenny thomasMatthew lewisScott barronShariq khanDavid phungGreenfire acquisition corpThomson reuters trust principlesFire sky energySpartan delta corpJapan petroleum exploration co canadianTourmaline oilAzimuth capital backed corex resourcesBlack swan energy ltdVelvet energy

Creighton Lodge is running a raffle to attract some funds

We decided we still want to do something. A - raise money for the lodge for capital projects. But B - to also just remind the residents that we re still fundraising for different things in the lodge. And we re not going to stop just because of COVID, said Creighton Lodge manager Shelly Veroba. In 2020, they were planning on hosting the Duelling Pianos program and were really looking forward to that, according to Veroba. But since the program and supper were cancelled, they had some donations left, and they wanted to use them for the good of the residents. We came up with the idea of a spring raffle, Veroba said.

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Drilling season peaking with 31 rigs working

Estevan– Mid-February to the first week of March is traditionally the peak of the year for oilwell drilling activity. And on Feb. 22, there were 31 drilling rigs working in Saskatchewan, down markedly from the previous two years. According to Rig Locator (riglocator.ca), in 2020 there were 65 rigs working on the same date, and 52 rigs working on that date in 2019. During the boom years, from 2008-2014, there would be closer to 100 rigs working. While the current number couldn’t be considered great by any means, it is significantly higher than the zero rigs that were drilling in the first part of the summer of 2020, when oil markets were initially recovering from the shock of the COVID-19 pandemic.

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