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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
Colleen De Neve / Postmedia NewsIn addition to the capital competition, small oil sands companies - like Connacher, which produced an average of 14,000 bpd in the third quarter - have been hammered this year.
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 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.
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 ...
Hedge fund that bet on Connacher Oil's crash now wants to own it
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)
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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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
Petrobank's Bloomer to take over as CEO of Connacher Oil & Gas Ltd.
While the Calgary-based company wasn't letting on what Bloomer was pursuing, Connacher Oil and Gas Limited was happy to oblige.
Connacher enlists Petrobank exec as CEO  Calgary Herald
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Avenue Capital Management II, LP Announces Ownership in Connacher Oil and Gas ...
TORONTO, May 8, 2015 /CNW/ - On May 8, 2015, certain funds ("Funds") managed by Avenue Capital Management II, L.P. ("Avenue") acquired ownership of 12,953,255 common shares ("Common Shares") of Connacher Oil and Gas Limited ("Connacher") ...