Awful quiet in here?
ROCKY MOUNTAIN ENERGY CORPORATION REDUCES SHARE COUNT
MONDAY , JANUARY 27, 2003 01:49 PM
Jan 27, 2003 (Petroleum Finance Week/PBI Media via COMTEX) -- Rocky Mountain Energy Corp., Houston, (OTC Bulletin Board: RMEC) cancelled 2,540,000 common shares, cutting the outstanding shares by 4 percent. Recovery and cancellation of more shares are expected in the near future.
Debt
Company: Alliance Pipeline LP
Stock Symbol/Exchange: N/A
Headquarters: Calgary
Value: C$400 million
Comments: Issued C$400 million of senior notes maturing on Dec. 31, 2025.
Company: Enterprise Products Partners LP
Stock Symbol/Exchange: (NYSE: EPD)
Headquarters: Houston
Value: US$350 million
Comments: Plans to privately place US$350 million of 10-year senior unsecured
notes. Proceeds will pay debt.
Equity
Company: Drilcorp Energy Ltd.
Stock Symbol/Exchange: (Toronto: DCL)
Headquarters: Calgary
Value: C$2 million
Comments: Privately placed 1.91 million flow-through common shares at C$0.40
each and 3.109 million units at
C$0.40 each consisting of one common share and 0.50 of a purchase warrant to
acquire one common share at C$0.50
each.
Redemption
Company: Seacor Smit Inc.
Stock Symbol/Exchange: (NYSE: CKH)
Headquarters: Houston
Value: US$35.32 million
Comments: Plans to redeem US$35.32 million of 5.37% convertible subordinated
notes due 2006.
Company: Forest Oil Corp.
Stock Symbol/Exchange: (NYSE: FST)
Headquarters: Denver
Value: US$65.97 million
Comments: Has redeemed 10.5% senior subordinated notes.
Buyback
Company: Beta Oil & Gas Inc.
Stock Symbol/Exchange: (Nasdaq: BETA)
Headquarters: Tulsa, Okla.
Value: US$96,000
Comments: Plans to repurchase up 100,000 shares
[Copyright 2003 Chemical Week Associates. All rights reserved.]
Petroleum Finance Week, Vol. 11, No. 4 [Copyright 2003 Chemical Week Associates. All rights reserved.]
Copyright 2003 PBI Media, LLC. All rights reserved.
AI
