CALGARY, ALBERTA–(Marketwired – April 13, 2016) – TransCanada Corporation (TSX:TRP) (NYSE:TRP) (TransCanada) today announced that it will issue 12 million cumulative redeemable minimum rate reset first preferred shares, series 13 (the “Series 13 Preferred Shares”) at a price of $25.00 per share for aggregate gross proceeds of $300 million on a bought deal basis to a syndicate of underwriters in
Debt levels could increase to as much as 50% of GDP in five years Last week, the Saudi Arabian government was rumored to be creating a division specializing in monitoring government spending. Today, the Financial Times reports that OPEC’s chief producer will invest in international bond markets for the first time in its history. A senior official said the finalization
The cycles of the oil and gas market are inevitable, and throughout its history the industry has consistently recovered from downturns even as severe as the one we are experiencing today. Although the market swings are hardly ever uniform, independent E&Ps are engaging in various methods to weather the current downturn. Industry experts like Tom Petrie, Chairman of Petrie Partners,
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