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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 |
27/01/2026
Bond investors are bracing for an extended pause in the Federal Reserve's rate-cutting cycle as they edge into slightly riskier trades, driven by a resilient economy and fresh U.S. fiscal stimulus pl
Reuters
26/01/2026
The US Federal Reserve is widely expected to keep interest rates unchanged when it meets in the coming week, holding firm despite President Donald Trump's pressure to slash levels as it guards agains
AFP
26/01/2026
The global economy is expected to face a challenging year in 2026, according to the World Economic Forum's latest Chief Economists' Outlook released this month. While confidence has improved slightly
Times of Oman
26/01/2026
The Middle East has so far seen only limited pass-through from a sharp global bond sell-off triggered by surging Japanese yields and rising geopolitical uncertainty, research says.
While reg
Khaleej Times
23/01/2026
A tsunami is hitting the labour market as AI is quickly reshaping economies; while some roles grow, others will disappear, warned Kristalina Georgieva, Managing Director of the International Monetary
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