855 2nd St SW, Suite 3500, Bankers Hall, East Twr, Calgary, AB
Year called to bar: 1997 (AB)
Chad is a partner who practises in the areas of corporate and securities law at Blakes. His primary focus is on public and private mergers & acquisitions, corporate finance, private equity investments and exits, restructurings, corporate governance, and continuous disclosure compliance. Chad has assisted both buyers and acquired companies in M&A transactions involving domestic and foreign parties. Chad also has extensive experience in IPOs and representing publicly traded issuers listed on the Toronto Stock Exchange (TSX), the New York Stock Exchange (NYSE) and the TSX Venture Exchange, as well as private companies and private equity investors. He has acted on behalf of underwriters and dealers in domestic and foreign public and private offerings of equity and debt. Chad also assists clients with general corporate and commercial matters, including private equity-related transactions and corporate debt and equity restructurings. He is consistently ranked as a leading lawyer in all major legal directories and ranking publications.
On January 24, 2020, Encana Corporation completed a corporate reorganization and plan of arrangement that resulted in the company establishing its corporate domicile in the U.S., rebranding under the name Ovintiv Inc. (“Ovintiv”), and completing a consolidation and share exchange for one share of common stock of Ovintiv for every five common shares of Encana.
On August 31, 2018, the Government of Canada indirectly acquired the Trans Mountain Pipeline system and the Trans Mountain Expansion Project (TMEP), through Trans Mountain Corp. (a subsidiary of the Canada Development Investment Corp. (CDEV)) from a subsidiary of Kinder Morgan Canada Ltd. (KML) for cash consideration of $4.5 billion.
On July 19, 2018, Tervita Corp. (“Tervita”) and Newalta Corp. (“Newalta”) completed a business combination by way of plan of arrangement (the “Arrangement”), pursuant to which Tervita acquired all of Newalta’s issued and outstanding common shares.
On May 30, 2017, Kinder Morgan Canada Limited (KML) completed its initial public offering (the IPO) by issuing 102,942,000 restricted voting shares at a price of $17.00 per share, for total proceeds of approximately $1.75 billion.
Exxon Mobil Corporation (ExxonMobil) completed its acquisition of all outstanding common shares of InterOil Corporation (InterOil) on February 22, 2017. InterOil’s assets include the Elk-Antelope gas fields in the Gulf Province of Papua New Guinea and exploration licenses covering about 16,000 square kilometers in Papua New Guinea.
On June 22, 2016, Suncor Energy Inc. (“Suncor”) completed a cross-border bought deal offering of 82,225,000 common shares for gross proceeds of approximately $2.9 billion, which included the full exercise of the over-allotment option by the underwriting syndicate led by TD Securities Inc., CIBC Capital Markets and J.P. Morgan Securities Canada Inc.
On May 31, 2016, Enerplus Corporation (Enerplus) closed its equity offering of 33,350,000 common shares issued at a price of $6.90 per share for gross proceeds of approximately $230 million, including 4,350,000 common shares issued pursuant to the exercise by the underwriters of the over-allotment option in full.
On April 20, 2016, Paramount Resources (Paramount) completed the sale of sour gas processing assets in north western Alberta to Pembina Gas Services Limited Partnership, an indirect wholly owned subsidiary of Pembina Pipeline Corporation (Pembina) for cash and other considerations.
On March 21, 2016, Suncor Energy Inc. (Suncor) completed its acquisition of Canadian Oil Sands Limited (COS). The transaction began as an unsolicited take-over bid made by Suncor on October 5, 2015, under which Suncor offered 0.25 of a Suncor share for each COS share, and was subsequently completed following the signing of a Support Agreement by Suncor and COS on January 17, 2016, pursuant to which Suncor agreed to increase its offer price to 0.28 of a Suncor share for each COS share, with the amended offer supported by the COS board of directors.
On July 7, 2015, PrairieSky Royalty Ltd. (PrairieSky) completed a public offering of 6,336,000 common shares, including 576,000 common shares pursuant to the full exercise of the over-allotment option, at a price of $31.25 per share for gross proceeds of $198 million.
2014 Encana Corporation and PrairieSky Royalty Ltd. completed a secondary offering by Encana of 70,200,000 common shares of PrairieSky at a price of $36.50 per share for total proceeds to Encana of $2.56 billion.
PrairieSky Royalty (PrairieSky) completed its acquisition of Range Royalty Limited Partnership (Range Royalty), a private oil and gas royalty company, pursuant to a plan of arrangement. With closing of the transaction, PrairieSky acquired approximately 3,000 barrels of oil equivalent of royalty production and 3.5 million acres of royalty lands
Encana Corporation, through its indirect, wholly-owned subsidiary, completed its acquisition of Athlon Energy Inc. on November 13, 2014, for a total transaction value of approximately US$7.1 billion. The acquisition of Texas-based Athlon gives Encana a premier 140,000 net acre position in the oil-rich Permian Basin.
On February 13, 2007, Harbinger Capital Partners Master Fund I, Ltd. and Harbinger Capital Partners Special Situations Fund, L.P. through their indirect wholly owned subsidiary HCP Acquisition Inc. (together, Harbinger) acquired all of the outstanding trust units of Calpine Power Income Fund (the fund) it did not already own at a price of $13.00 per trust unit for total consideration of approximately $760 million.