Canadian E&P flow-through financings were higher-in number of deals and value-in the first nine months of 2006, compared with the similar period in 2005. These financings totaled C$996 million for the first three quarters of 2006, an increase of almost 100% from the C$503 million in the comparable period in 2005, according to Calgary-based Sayer Energy Advisors vice president Tom Pavic. There were 169 flow-through issues, compared with 123 in the first nine months of 2005, he adds. The financings were 17% of the total C$5.7 billion of equity issued by Canadian E&P companies in the three quarters, compared with 10% of the total C$5.1 billion raised in that period in 2005. Pavic says, "Flow-through financings greater than C$5 million in size represented 82% (C$812 million) of the 2006 issues, compared with 76% (C$382 million) of the 2005 financings." For more on this, see the January issue of Oil and Gas Investor. For a subscription, call 713-260-6441.
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