TSX:CPG - Toronto Stock Exchange - CA22576C1014 - Common Stock - Currency: CAD
A syndicate led by Bank of Montreal and Royal Bank of Canada is executing a clean-up trade on shares of Crescent Point Energy Corp., according to people familiar with the matter, after a hung deal last week left the lenders holding onto millions of shares.
Bank of Montreal, Royal Bank of Canada and others have been left holding millions of Crescent Point Energy Corp. shares after leading a C$500 million ($362 million) equity raise that failed to win widespread institutional investor support, according to people familiar with the matter.
Mentions: CPG
Mentions: CPG
Shifting fires across Canada’s main energy-producing province are prompting drillers to throttle back production once again, more than a week after the spate of blazes began, and officials are warning of worsening conditions ahead.