On March 28, 2013, Spyglass completed a business combination by way of a plan of arrangement (the "Arrangement") with Pace Oil & Gas Ltd.

In December, it bought Elbow River Marketing, which has a fleet of 1,200 leased rail cars, from AvenEx Energy Corp. The purchase helped boost first-quarter volumes 29 per cent to 315 million litres for a 14 per cent jump in sales to $1.21 billion, it ...

It turned out to be a very messy process despite what one Canadian oil and gas industry journalist I spoke with suspects had been in the negotiation and planning stages for a year or more, unbeknownst to the shareholders of Avenex, Charger, or Pace ...