Exploration & Production | Finance & Investing | Capital Markets
Bellatrix Raises Capital, Increases Spending
Print
|
Bellatrix Exploration Ltd. has entered into an agreement with Canaccord Genuity Corp. on behalf of a syndicate of underwriters to issue, on a bought deal basis, 25,650,000 common shares at a price of $9.75 per Common Share for aggregate gross proceeds of approximately $250 million.
Bellatrix has also granted the underwriters an option to purchase up to an additional 3,847,500 Common Shares to cover over-allotments, if any, for additional gross proceeds of up to approximately $37.5 million. The Over-Allotment Option is exercisable in whole or in part at any time up to the date that is 30 days following the closing of the Offering.
The Common Shares will be offered in each of the provinces of Canada other than Quebec by way of a short form prospectus, in the United States pursuant to a…
- ✓ Full news archive — U.S., Canada & international coverage
- ✓ A&D transactions — asset deals, corporate M&A, assets for sale
- ✓ Permits & completions data, plus 900,000+ slides & presentations
Canada News
Western Canada Upstream M&A: Q1 2026 Transaction Report
Western Canadian M&A activity in Q1 2026 was characterized by a 87% decrease in total deal value compared to Q1 2025, totaling $0.8 billion C$. However, transaction volume…
Canadan E&P 2026 Program Calls for 448 Net Wells, Up 24% vs. 2025 Plan
Canadian Natural Resources outlined a 2026 operating capital budget of approximately $6.3 billion (total capital budget $6,425 million, including $125 million for carbon capture) targeting 1,590–1,650 MBOE/d of…
EIA’s “Glut” Calls: The 2025 Surplus Claim — and How 2021–2024 Forecasts Actually Held Up
The “~2.2 MMb/d glut in 2025” framing traces to the EIA’s Short-Term Energy Outlook (STEO), December 2025. EIA doesn’t usually write “glut” in the tables—what they publish is…
Whitecap Details 2026 Duvernay & Montney Program
Whitecap Resources reported strong third quarter 2025 operating and financial results, marking its first full quarter following the strategic combination with Veren that closed on May 12, 2025.…
ARC Resources: Lower 2026 Capex, Higher Volumes
ARC Resources used its third quarter update to reinforce a familiar message to Canadian E&P executives: disciplined capital, structurally better market access, and a growing shareholder return program…