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In a deal announced on Wednesday, Seven Generations Energy Ltd. and ARC Resources Ltd. will join forces to form one of the largest natural gas producers in…
Article content CALGARY – ARC Resources Ltd. is willing to strike more deals following its blockbuster merger with rival natural gas producer Seven Generations Energy Ltd., which would turn the Calgary-based intermediate into the largest producer in the prolific Montney shale gas formation. “We certainly don’t need M&A going forward, but if something else presented itself we would evaluate it,” said Chris Bibby, chief financial officer of ARC Resources Ltd., on a conference call following the all-share deal announced Wednesday night, which will turn ARC Resources into the third larges...
TORONTO — Canada's main stock index fell for the first time in February as frenzied buying in the cannabis sector strongly reversed course. The S&P/TSX composite index slipped for the first time in nine sessions and closed down 64.
Wednesday's announcements come after a gruelling period for the sector that saw oil prices tank last year at the start of the pandemic
4 Min Read CALGARY, Alberta (Reuters) - ARC Resources Ltd’s C$2.7 billion ($2.1 billion) bid to buy Seven Generations Energy Ltd will create the largest oil and gas producer in Canada’s Montney region, and may re-energize development in one of North America’s top shale plays. The combined company will have more financial strength to develop its 1.1 million net acres of land in a region that investors and drillers say has so far struggled to meet its full potential. The deal could also spur further acquisitions in a play that boasts attractive drilling economics and huge resource potenti...