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For more information about the Canadian Financing Bulletincontact us at 1-800-504-3588 or [email protected]
www.canadian�nancing.com
2009 has been a roller-coaster ride for the oil and gas companies. With the fallout from the banking crisis deforming credit markets and destroying demand assumptions in the �rst quarter of the year, oil prices plunged to pre-Iraq war prices. But the �erce market rally since March has raised and stabilized market prices, buoyed also by the falling American dollar.
In Canada, the merger of Suncor and PetroCan showcased the strength of the Canadian oil indus-try in the consolidation of two of the major players; Suncor has the domestic supply growth potential, PetroCan has the nationwide service infrastructure, a synergy that should play (and pay) extremely well. The splitting of EnCana into an oil sand entity and a natural gas entity also should provide an interesting precedent for companies with similar make-ups as EnCana had.
The natural gas market has been hit hard by moderate weather in America with a cooler than expected summer, little impact from hurricane season, and a, so far, mild winter. Combined with new large volume, low cost �nds within North America, this has sent the price plummeting. Large scale producers, though, haven’t been profoundly a�ected. This leaves open the possibility of large growth if and when prices rebound. With newly discovered rich shale gas deposits being unveiled across the St. Lawrence basin and in northeastern BC, the future could be potentially extremely bright for companies invested in these areas.
The oil sands continue to expand, with more and more capital being diverted into the discovery of cleaner and more e�cient methods of extraction. Though there has been much criticism of the nature of the operations, the corporations working in the area have shown their willingness to improve the conditions. With foreign interest still piqued, it is important that our domestic corporations continue to lead the way technologi-cally and environmentally to force pressure on others to clean up their acts as well. The oil sands have been shown to be a key driver of Canada’s economic prosperity and �scal responsibility.
$10.3North America
billion
$530South America
million
$492Europe
million
$243Africa
million
$261Asia
million
Geographic Distribution of Funds Raised in 2009
Total Capital Raised: $11,801,116,349 (CDN)
Largest Canadian Energy Financings
For more information about the Canadian Financing Bulletincontact us at 1-800-504-3588 or [email protected]
Company
Husky Energy Inc
EnCana Corp
Canadian OilSands Trust
Petrobank Energy &Resources Ltd
BonavistaEnergy Trust
Ticker
HSE
ECA
COS.UN
PBG
BNP.UN
Gross Proceeds
1,725,450,000
593,000,000
575,150,000
464,800,000
421,250,000
Region
Ohio Alberta Saskatchewan
Alberta BC Texas
Alberta Saskatchewan
Alberta Saskatchewan
Alberta Saskatchewan BC
Commodity
Oil/Gas Natural Gas Ethanol
Oil/Gas
Oil/Gas Natural Gas
Oil/Gas
Oil/Gas Natural Gas
Produced and Distributed by
Largest Canadian Deals$3,779,650,000
Total$11,801,116,349
Developments/Explorations$4,399,194,927
Working Capital/Acquistions$1,902,558,969
Developments/Explorations$5,499,362,452
Worldwide Deals$8,021,466,349
Non-Brokered$646,222,573
Brokered$11,154,893,775
Flow-Through$154,105,090
Non-Flow-Through$11,647,011,258
5.5%
1.3%
94.5%
36.75%
47.25%
32%
68%
16%
98.7%
