Representative Work

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Representative Work

Northern Blizzard Resources Inc. in Waterous Energy Fund’s acquisition of 67 per cent of its common shares

On May 11, 2017, companies controlled by Waterous Energy Fund (“WEF”) acquired approximately 67 per cent of the issued and outstanding common shares of Northern Blizzard Resources Inc. (“Northern Blizzard”) from affiliates of Riverstone Holdings, LLC and NGP Energy Capital...

Lead Office: Calgary Date Closed: 11 May 2017 Value: $244 million

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Representative Work

Syndicate of underwriters co-led by TD Securities Inc. and RBC Dominion Securities Inc. in the $1.75 billion initial public offering of Kinder Morgan Canada Limited

On May 30, 2017, Kinder Morgan Canada Limited (“KML”) closed its initial public offering (the “Offering”).  TD Securities Inc. and RBC Dominion Securities Inc. acted as joint bookrunners for the Offering. KML issued 102,942,000 restricted voting shares (“Restricted Voting Shares”) at a...

Lead Office: Calgary Date Closed: May 1, 2017 Value: $1.75 billion

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Representative Work

Husky Energy Inc. completed a public offering of $750 million principal amount of 3.60% notes, which will mature in March 2027

Husky Energy Inc. completed a public offering of C$750M principal amount of 3.60% notes, which will mature in March 2027. Osler, Hoskin & Harcourt LLP represented Husky Energy on the transaction, led by Dan Kolibar with a team that included Kelsey Armstrong and Miju Damodar.

Lead Office: Calgary Date Closed: March 30, 2017 Value: $750 million

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Representative Work

BP Canada Energy Company in BP Canada Energy Company v. MNR (2017 FCA 61)

On March 30, 2017, the Federal Court of Appeal released its decision in BP Canada Energy Company v. MNR (2017 FCA 61), dealing with whether the Minister of National Revenue (the Minister) could compel the taxpayer to disclose the uncertain tax positions reflected in its tax accrual working...

Lead Office: Toronto Date Closed: March 30, 2017 Value: -

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Representative Work

TC Energy in its US$915 million bid to purchase the outstanding public units of Columbia Pipeline Partnership

On February 17, 2017, TC Energy (“TransCanada”) completed its purchase of all equity in Columbia Pipeline Partners, LP that it does not already own at a price of US$17.00 per common unit, for an approximate purchase price of US$915  million. This offer follows TC Energy’s...

Lead Office: Calgary Date Closed: February 17, 2017 Value: US$915 million

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Representative Work

Athabasca Oil Corporation in its acquisition of Norway’s Statoil ASA’s Canadian oilsands business

Athabasca Oil Corporation completed the acquisition of thermal oil assets from Statoil Canada Ltd., a wholly-owned subsidiary of Statoil ASA, for total consideration of $582 million.  The consideration consisted of $431 million in cash (after closing adjustments), 100 million common...

Lead Office: Calgary Date Closed: January 31, 2017 Value: $582 million

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Representative Work

The underwriters in the US$750 million hybrid debt offering by Enbridge

On December 19, 2016, Enbridge Inc. completed a US$750 million offering of Fixed-to-Floating Subordinated Notes. These hybrid notes were introduced in June 2016 and provide the issuer with 50% equity credit for rating agency purposes.  Enbridge operates the world’s longest crude...

Lead Office: Toronto Date Closed: December 19, 2016 Value: US$750 million

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Representative Work

Shell Canada Limited, in its sale of strategic assets to Tourmaline Oil Corp. for $1.369 billion

On November 30, 2016, Shell Canada Limited completed its previously announced agreement with Tourmaline Oil Corp. to sell strategic assets located in the Alberta Deep Basin and northeast BC Montney Complex for $1.369 billion. Osler represented Shell Canada Limited with a team led...

Lead Office: Calgary Date Closed: 30 November 2016 Value: $1.369 billion

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Representative Work

The Independent Committee of the Board of Husky Energy Inc. in the disposition of an interest in midstream assets for $1.7 billion

On July 18, 2016, Husky Energy Inc. completed an agreement under which 65 percent of its ownership interest in select midstream assets in the Lloydminster region of Alberta and Saskatchewan were sold to Cheung Kong Infrastructure Holdings Limited and Power Assets Holdings...

Lead Office: Calgary Date Closed: July 18, 2016 Value: $1.7 billion

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Representative Work

Syndicate of underwriters co-led by National Bank Financial Inc., Cormark Securities Inc., GMP Securities L.P. and Scotia Capital Inc. in connection with Birchcliff Energy Ltd.’s $690.8 million public offering and concurrent private placement of subscription receipts.

On July 13, 2016, Birchcliff Energy Ltd. ("Birchcliff") closed its previously announced bought-deal financing (the "Offering") through a syndicate of underwriters co-led by National Bank Financial Inc., Cormark Securities Inc., GMP Securities L.P. and Scotia Capital Inc....

Lead Office: Calgary Date Closed: July 13, 2016 Value: $672 million

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