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15/08/2010 00:00 AST
Opti Canada Inc. will raise about $400 million through a notes offering to fund the ramp-up of its Long Lake oilsands project and the company said there was a temporary fall in production in August.
Shares of the oilsands project developer fell as much as 18 per cent as the company was also hit by news of the Long Lake outage.
Opti plans to raise funds by offering $100 million of first-lien senior secured notes due 2012 and $300 million notes due 2013, it said in a statement.
The company started reviewing strategic options in November as it tried to deal with its flagging share value at the time due to the initial production issues at Long Lake.
Opti's shares were down 18 per cent in Wednesday trading on the Toronto Stock Exchange, closing at $1.16.
Calgaryherald
| Ticker | Price | Volume |
|---|
| Index | Closing | Change |
|---|---|---|
| NIKKEI 225 | 36,581.76 | -251.51 (-0.68 |
| DAX | 18,699.40 | 181.01 (0.97 |
| S&P 500 | 5,626.02 | 30.26 (0.54 |
03/04/2025
US President Donald Trump on Wednesday announced sweeping new tariffs on nearly all U.S. trading partners, including a 34% tax on imports from China and 20% on goods from the European Union, in a bi
Saudi Gazette
27/03/2025
President Donald Trump signed a proclamation to implement a 25 per cent tariff on auto imports, expanding a trade war designed to bring more manufacturing jobs to the US and setting the stage for an
Bloomberg
26/03/2025
Oil prices were little changed on Tuesday as markets weighed the impact of newly announced US tariffs on countries that buy Venezuelan oil and the uncertain outlook for global demand.
Brent
Reuters
25/03/2025
Global energy demand saw an above-average annual rise of 2.2 percent in 2024, fueled by rising electricity consumption and growth in emerging economies, according to a new report.
Analysis b
Arab News
24/03/2025
Global economic growth is expected to average around 3.1 percent in the next five years, below the pre-pandemic level of 3.7 percent, according to an International Monetary Fund official.
Sp
Arab News
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