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CONNACHER OIL AND GAS LIMITED news

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Connacher Oil and Gas Ltd. files for creditor protection
Colleen De Neve/Calgary Herald/Postmedia News had restructured its lending agreements with creditors last year, but announced Monday that it had filed for CCAA protection Monday at the Alberta Court of Queen's Bench.
Connacher Oil to file for creditor protection  The Globe and Mail (subscription)
Connacher Oil And Gas Limited Intends to File for CCAA Protection and ...  Canada NewsWire (press release)
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.
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 strikes survival deal to trade $1B in debt for shares  Calgary Herald
The hedge fund that bet Connacher Oil & Gas would crash now wants to own it
Trilogy Capital Management, the US$200 million credit hedge fund where Kupferberg is director of research, bet against Connacher's bonds in 2014 as crude collapsed, while also buying its more senior loans. Those loans now give Trilogy and fellow ...
Fund that bet against Connacher wants to take over Calgary company  Calgary Herald
Connacher Oil and Gas Limited Announces Extension of CCAA Stay
CALGARY, Sept. 13, 2016 /CNW/ - Connacher Oil and Gas Limited (“Connacher” or the “Company”) announced that it has obtained an order from the Alberta Court of Queen's Bench extending the period of the Court-ordered stay of proceedings against ...
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.
Connacher denied bid to restructure in Canada  Calgary Herald
Connacher Oil and Gas gets OK from court to put oilsands leases, plants up for ...
Connacher is operating under court protection from creditors as it deals with depressed prices for oil, its limited ability to raise capital and disruptions caused by the wildfires that caused the Fort McMurray evacuation. The company announced late ...
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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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)
Connacher Oil and Gas seeking financial aid 10 months after restructuring
Troubled junior oilsands producer Connacher Oil and Gas Ltd. has launched a process to review financing alternatives, just 10 months after a court-supervised restructuring resulted in creditors owed $1 billion taking almost all of its equity.