The document summarizes Canadian energy financing in 2009. It provides details on the largest financings by Canadian oil and gas companies that year. Husky Energy raised the most at $1.7 billion, followed by EnCana at $593 million and Canadian Oil Sands Trust at $575 million. A total of $11.8 billion was raised in Canada for oil, gas, and energy projects through both brokered and non-brokered financings. The majority went towards developments and explorations in regions like Alberta, Saskatchewan, and British Columbia.

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2009 has been a roller-coaster ride for the oil and Largest Canadian Energy Financings
gas companies. With the fallout from the banking
crisis deforming credit markets and destroying Company Ticker Gross Proceeds Commodity Region
demand assumptions in the rst quarter of the
Husky Energy Inc HSE 1,725,450,000 Oil/Gas Natural Gas Ethanol Ohio Alberta Saskatchewan
year, oil prices plunged to pre-Iraq war prices. But
the erce market rally since March has raised and EnCana Corp ECA 593,000,000 Oil/Gas Alberta BC Texas
stabilized market prices, buoyed also by the falling Canadian Oil COS.UN 575,150,000 Oil/Gas Natural Gas Alberta Saskatchewan
American dollar. Sands Trust
Petrobank Energy & PBG 464,800,000 Oil/Gas Alberta Saskatchewan
In Canada, the merger of Suncor and PetroCan Resources Ltd
showcased the strength of the Canadian oil indus-
Bonavista BNP.UN 421,250,000 Oil/Gas Natural Gas Alberta Saskatchewan BC
try in the consolidation of two of the major Energy Trust
players; Suncor has the domestic supply growth
potential, PetroCan has the nationwide service
infrastructure, a synergy that should play (and pay)
extremely well. The splitting of EnCana into an oil Geographic Distribution of Funds Raised in 2009
sand entity and a natural gas entity also should
Europe
provide an interesting precedent for companies North America
$492
$10.3
Asia
with similar make-ups as EnCana had.
$261
million
billion
million
The natural gas market has been hit hard by Africa
moderate weather in America with a cooler than $243
million
expected summer, little impact from hurricane
South America
season, and a, so far, mild winter. Combined with
new large volume, low cost nds within North
$530
million
America, this has sent the price plummeting. Large
scale producers, though, haven’t been profoundly
a ected. This leaves open the possibility of large
growth if and when prices rebound. With newly
discovered rich shale gas deposits being unveiled
across the St. Lawrence basin and in northeastern Total Capital Raised: $11,801,116,349 (CDN)
BC, the future could be potentially extremely
bright for companies invested in these areas. 5.5%
Working Capital/ 16% Developments/
Acquistions Explorations
$1,902,558,969 $4,399,194,927
The oil sands continue to expand, with more and
36.75%
more capital being diverted into the discovery of
cleaner and more e cient methods of extraction. Non-Brokered
Though there has been much criticism of the $646,222,573
47.25% Developments/
nature of the operations, the corporations Brokered Explorations
94.5%
working in the area have shown their willingness $11,154,893,775 $5,499,362,452
1.3% 32%
to improve the conditions. With foreign interest Largest
still piqued, it is important that our domestic Canadian Deals
$3,779,650,000
corporations continue to lead the way technologi-
cally and environmentally to force pressure on Total
others to clean up their acts as well. The oil sands Flow-Through $11,801,116,349
$154,105,090
have been shown to be a key driver of Canada’s
68% Worldwide Deals
economic prosperity and scal responsibility. Non-Flow-Through
98.7% $11,647,011,258 $8,021,466,349
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