Canada’s Cenovus Energy Inc. announced early tender results for its offers to purchase certain outstanding notes for cash and is expanding the offer, according to a Sept. 19 press release.
On Sept. 5, Cenovus initially offered to purchase for cash a series of notes due between 2027 and 2043, excluding accrued and unpaid interest for up to US$500 million. A second pool offerings was capped at US$250 million.
The company said on Sept. 19 the second pool of repurchases would increase to US$500 million. In that pool, the company is offering to repurchase notes due in 2037 and notes due in 2039.
Recommended Reading
Nabors Takes to Global Expansion in 3Q as Rig Count Shrinks in Lower 48
2024-10-25 - Nabors Industries saw broad growth across key international geographies in third-quarter 2024, with more rig deployments expected.
Baker Hughes: US Oil, Gas Rig Count Steady This Week, Down Two in October
2024-10-25 - U.S. energy firms kept the number of oil and natural gas rigs unchanged this week.
Northern’s O’Grady: Most of ‘Best’ Acres ‘Already Been Bought’
2024-10-24 - Adding new-well inventory going forward will require “exploration or other creative measures,” said Nick O’Grady, whose Northern Oil and Gas holds interests in 10,000 Lower 48 wells.
BP Energy Partners Invests in Pipeline Inspection Company Novitech
2024-10-24 - BP Energy Partners will invest in Novitech, whose Micron Technology is a leading pipeline inspection technology in the energy industry.
Matador May Tap Its Haynesville ‘Gas Bank’ if Prices Stabilize
2024-10-24 - The operator holds 8,900 net Haynesville Shale acres and 14,800 net Cotton Valley acres in northwestern Louisiana, all HBP, that it would drill if gas prices stabilize—or divest for the right price.
Comments
Add new comment
This conversation is moderated according to Hart Energy community rules. Please read the rules before joining the discussion. If you’re experiencing any technical problems, please contact our customer care team.