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Representative Work

Chevron Canada Limited in connection with the sale of a subsidiary that owns a Canadian downstream fuel business to Parkland Fuel Corporation for approximately $1.46 billion

On October 1, 2017, Chevron Canada Limited completed an agreement with Parkland Fuel Corporation for the shares of Chevron Canada R&M ULC, which operates a Canadian integrated downstream fuel business, for a total value of approximately $1.46 billion. The acquisition included 129...

Lead Office: Calgary Date Closed: October 1, 2017 Value: $1.46 billion

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Representative Work

Canadian Natural Resources Ltd. in its proposed acquisition of Cenovus Energy Inc.’s Pelican Lake oil asset for approximately $1 billion

On September 1, 2017, Canadian Natural Resources Ltd. ("CNRL") announced that it has entered into an agreement to acquire assets in the Greater Pelican Lake region and other miscellaneous assets in northern Alberta from Cenovus Energy Inc. (“Cenovus”) for gross cash...

Lead Office: Calgary Date Closed: September 1, 2017 Value: $1 billion

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Representative Work

BP p.l.c. in a securities class action arising from the 2010 Deepwater Horizon explosion

Osler represents BP p.l.c. ("BP") in a securities class action arising from the 2010 Deepwater Horizon explosion. The claim alleges that misrepresentations were made to Canadian investors prior to and following the explosion. The Ontario Court of Appeal has twice...

Lead Office: Toronto Date Closed: -- Value: -

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Representative Work

Veresen Inc. in the sale of its power generation business for $1.18 billion

On August 30, 2017, Veresen Inc. ("Veresen")  completed a suite of separate agreements to sell its power generation business for $1.18 billion. The sale involved a series of three transactions to three separate buyers in the respective asset categories of: renewable generating assets in Ontario...

Lead Office: Toronto Date Closed: August 30, 2017 Value: $1.18 billion

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Representative Work

Syndicate of underwriters co-led by Scotia Capital Inc. CIBC World Markets Inc., RBC Dominion Securities Inc. and TD Securities Inc. in the $300 million public offering of preferred shares of Kinder Morgan Canada Limited

On August 15, 2017, Kinder Morgan Canada Limited ("KML") closed its public offering (the "Offering") of cumulative redeemable minimum rate reset preferred shares, series 1 ("Series 1 Preferred Shares"). The Offering was co-led by Scotia Capital Inc., CIBC...

Lead Office: Calgary Date Closed: August 15, 2017 Value: $300 million

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Representative Work

Cona Resources Ltd. in the change of control tender offer for its US$269.7 million 7.25% senior notes and related financing by way of a $160 million second lien term loan and a drawdown on its existing credit facility

Cona Resources Ltd. (formerly Northern Blizzard Resources Inc.) completed a change of control tender offer for its US$269.7 million outstanding 7.25% Senior Notes due 2022 and notified holders of remaining untendered notes that such notes will be redeemed on August 31, 2017. The purchase of notes...

Lead Office: Calgary Date Closed: July 28, 2017 Value: US$269.7 million

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Representative Work

The underwriters in the US$1 billion hybrid note offering by Enbridge

On July 14, 2017, Enbridge Inc. completed a US$1 billion Fixed-to-Floating Subordinated Notes Series 2017-A offering. The Notes will mature on July 15, 2077 and Enbridge will pay interest at an initial fixed rate of 5.50% per year. These innovative hybrid notes provide the issuer with...

Lead Office: Toronto Date Closed: July 14, 2017 Value: US$1 billion

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Representative Work

Apache Canada Ltd. in three concurrent transactions totaling $927 million

On July 6, 2017, Apache Corp. announced three concurrent transactions for a total value of approximately $927 million. Apache Canada Ltd. sold assets in Saskatchewan and Alberta to Cardinal Energy Ltd., and assets in Alberta to an undisclosed privately owned company. Apache Corp. then sold...

Lead Office: Calgary Date Closed: July 6, 2017 Value: $927 million

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Representative Work

Delphi Energy Corp. in its sale of common shares and offering of senior secured notes for approximately $65.3 million

On June 7, 2017, Delphi Energy Corp. (“Delphi”) closed its previously announced financing comprised of the sale of (i) 27,559,055 common shares issued at a price of $1.27 per common share; and (ii) 30,000 senior secured CELTM notes, each with a principal amount of $1,000 and a...

Lead Office: Calgary Date Closed: June 7, 2017 Value: $65.3 million

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Representative Work

ConocoPhillips in the sale of its interest in the Foster Creek Christina Lake (FCCL) oil sands partnership, as well as the majority of its western Canada Deep Basin gas assets, to Cenovus for total proceeds of C $17.7 billion.

Lead Office: Calgary Date Closed: May 17, 2017 Value: $17.7 Billion

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