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CLC 1.09 +0.11 (11.22%)
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Ailing Connacher Oil and Gas Ltd strikes $1B debt-for-shares deal
CALGARY - Connacher Oil and Gas Ltd., an intermediate oilsands company burdened with debt, has struck a deal with its creditors it hopes will allow it to survive the collapse in oil prices.
Connacher Oil and Gas Provides Production and Financial Forecast for 2015  Canada NewsWire (press release)
Connacher strikes survival deal to trade $1B in debt for shares  Calgary Herald
Connacher Oil and Gas Ltd debt-for-equity swap gets okay
CALGARY - Junior oilsands producer Connacher Oil and Gas Ltd.'s plan to swap $1 billion worth of debt for equity received both shareholder and debt-holder approvals on Monday, although the company may not be completely out of the woods.
Connacher Oil & Gas Ltd considers sale as bid to restructure in Canada denied
Connacher Oil & Gas Ltd.'s bid to restructure out of court in Canada was rejected as it struggles to cope with falling energy prices.
Smaller oilsands players like Connacher Oil and Gas Ltd feeling the pinch of ...
CALGARY - Low oil prices and tight capital markets are making it difficult for oilsands producer Connacher Oil and Gas Ltd.
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The hedge fund that bet Connacher Oil & Gas would crash now wants to own it
Trilogy - then a Connacher bondholder - sought oil companies that needed high prices to stay viable, and thought of the Calgary-based oil sands producer. When Connacher was looking to take out a US$128 million loan last May that would supersede the ...
Hedge fund that bet on Connacher Oil's crash now wants to own it
Debtholders poised to take control of Connacher Oil & Gas
Trading in Connacher Oil & Gas Ltd. bonds suggest the Canadian energy company is heading toward a restructuring that would hand control of the oil-sands producer to debtholders including Avenue Capital Group LLC. Funds run by New York-based ...
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Connacher CEO resigns in wake of financial restructuring
Chris Bloomer, the CEO who led oilsands producer Connacher Oil and Gas Ltd. through a recent painful restructuring that allowed holders of $1 billion in debt to assume almost all of its equity, has resigned, the company announced Wednesday.
Connacher Announces Management and Board Changes  Canada NewsWire (press release)
Oil rot spreads as loan default claim puts Connacher Oil and Gas on brink
Postmedia NewsConnacher Oil and Gas Ltd is among smaller oil-sands companies that drew interest from debt investors willing to finance upstart developments when U.S.
Creditor demands for loan repayment threaten Connacher Oil and Gas  Calgary Herald
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CALGARY, March 16, 2015 /CNW/ - Connacher Oil and Gas Limited (CLL - TSX; "Connacher" or the "Company") is pleased to announce that in conjunction with the previously announced proposed recapitalization transaction (the "Recapitalization"), it has ...
Alberta court approves Connacher recapitalization plan
Connacher Oil and Gas Ltd., the Calgary energy producer grappling with high debt, won an Alberta court's approval for a plan to reduce interest payments as it seeks to withstand the crude price collapse.
Connacher Obtains Final Court Order  Canada NewsWire (press release)