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Financial crisis

Sleep Country back with $185M secondary offering, within 180 days of going public

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Less than five months back, the existing shareholders at the about-to-go public Sleep Country Holdings Canada, entered into a lock up agreement limiting their ability to sell shares for a period time in the future. As stated in the final prospectus, “the Company, the Existing Shareholders and each of the …

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Enbridge may be high water mark for bought deals that go awry

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Most of the time a bought deal – a Canadian-invented system of raising capital for issuers – runs smoothly: a deal is announced, buyers rush in to participate and within a couple of weeks the company gets the net proceeds. Every so often a deal doesn’t work out: either the …

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‘Intensely competitive’ winter ahead for airlines serving sun destinations

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It’s shaping up to be an “intensely competitive” winter for Canadian airlines and tour operators serving sun destinations, leading analysts at National Bank to lower their price targets for WestJet Airlines Ltd. and Transat AT Inc. The bank’s analysis of the sun destination leisure market found that total capacity from …

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Keurig Green Mountian Inc short sellers just got burned! Stocks soars on news of $13.9 billion buyout

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Keurig Green Mountain Inc. will be acquired by a JAB Holding Co.-led investor group for about US$13.9 billion in cash, bringing a massive windfall to shareholders after a year of watching the stock get battered. Following the buyout, Keurig will be privately owned and independently operated, according to a statement …

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Goldcorp CEO Chuck Jeannes to retire in spring, Hudbay Minerals CEO to take helm

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VANCOUVER — Goldcorp says its president and chief executive Chuck Jeannes will retire in the spring and David Garofalo, who is currently the president and CEO of HudBay Minerals Inc., will take over his role. The gold miner said Jeannes will step down following the company’s annual general meeting in …

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Alabama Graphite – Straight to Battery Ready

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Alabama Graphite – Straight to Battery Ready Alabama Graphite Corp. (V.ALP) has released a Preliminary Economic Assessment on its Coosa graphite project in central Alabama. Reading through the PEA and the press release, it is immediately apparent that there are a number of features which truly differentiate Alabama Graphite from …

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Be ready to buy gold equities: J.P. Morgan

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Most analysts are cautious on gold these days, especially since the market anticipates a rate hike from the U.S. Federal Reserve next week. But there is some mild optimism seeping into the forecasts for 2016, including the one from J.P. Morgan analyst John Bridges, who pointed out that gold has …

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Brent crude drops below $40 for first time in almost 7 years

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Brent crude fell below US$40 a barrel for the first time in almost seven years after OPEC effectively abandoned any limits on crude output, prompting speculation that a record global glut will continue. Prices fell to the lowest since Feb. 20, 2009, dropping for a third day after the Organization …

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Tax hikes, carbon caps and now $37 crude: For Canada’s oilpatch, the bad news just keeps coming

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For Canada’s oil industry, the bad news won’t stop. With OPEC’s decision on Friday to keep pumping oil in the face of a glut and prices for the commodity falling to their lowest level since 2009, Canadian producers are once again faced with the now-familiar problem of how to make …

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Stranded barrels in the oilsands: How carbon curbs will stunt growth in Canada’s oilpatch

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Canadian oilsands producers like Suncor Energy Inc. like to tout the long life of the world’s third-largest crude reserves as their greatest asset. That longevity may now be their biggest liability with a new global agreement to curtail carbon emissions. Secret deal on carbon emissions has driven a rift through …

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