What does FEL mean in TORONTO STOCK EXCHANGE
Fairborne Energy Ltd. (FEL) was an Alberta-based company focused on the exploration, development and production of oil and natural gas. Founded in 1975, it traded on the Toronto Stock Exchange under the ticker symbol FEL until its delisting in 2003. FEL was acquired by Westcoast Energy Inc., and Westcoast later changed its name to Spectra Energy Corp.
FEL meaning in Toronto Stock Exchange in Business
FEL mostly used in an acronym Toronto Stock Exchange in Category Business that means Fairborne Energy LTD. (de-listed)
Shorthand: FEL,
Full Form: Fairborne Energy LTD. (de-listed)
For more information of "Fairborne Energy LTD. (de-listed)", see the section below.
What Does FEL Stand For?
FEL stands for “Fairborne Energy Ltd.” The company was formed in 1975 as a publicly listed entity on the Toronto Stock Exchange (TSX). In 2003, FEL merged with Westcoast Energy and then changed its name to Spectra Energy Corp.
What Was Fairborne Energy Ltd.?
Fairborne Energy Ltd. was a Canadian oil and natural gas exploration and production company operating in Alberta and Saskatchewan provinces of Canada. The company’s primary business focus was heavy oil exploitation through conventional or SAGD (Steam Assisted Gravity Drainage) recovery processes from the now defunct Chilcotin field located in northeastern British Columbia as well as other producing oil sands properties. It also had interests in conventional fields located in Alberta such as Pembina, Whitecourt, Claresholm, Steen River, Handhills Creek, Birch Mountain Creek-Red Deer River/Nose Hill, Cypress Hills and Bowden-Calgary area; as well as Saskatchewan such as Kamsack-Yorkton area projects.
Essential Questions and Answers on Fairborne Energy LTD. (de-listed) in "BUSINESS»TSX"
What is Fairborne Energy Ltd?
Fairborne Energy Ltd. (formerly TSX listed as "FEL") was an oil and gas exploration, development and production company based in Canada whose primary asset was located in the foothills of British Columbia. The company was de-listed from the Toronto Stock Exchange in 2013.
How did Fairborne become de-listed from the Toronto Stock Exchange?
Fairborne voluntarily delisted from the TSX after it determined that its operations would remain suspended for a significant period of time due to a decrease in natural gas prices, lack of capital resources, and difficulty in obtaining funding from other sources.
What type of energy focus did Fairborne Energy Ltd have?
FEL focused on developing oil and gas reserves in Western Canada, primarily in their core areas of western Alberta and northeastern British Columbia. Their strategy involved exploration, development and production activities within these regions while looking for new opportunities elsewhere.
Was there ever a buyout or merger involving Fairborne Energy Ltd?
No, FEL remained independent until it's de-listing from the TSX.
How long had Fairborne been listed on the Toronto Stock Exchange?
FEL had been listed on the Toronto Stock Exchange since 2000 before being voluntarily delisted in 2013 due to lack of sufficient capital resources and unfavorable natural gas prices at the time.
What types of business activities were conducted by Fairborne Energy Ltd?
FEL focused primarily on oil and gas exploration, development and production activities within their core regions of western Alberta and northeastern British Columbia while also looking for new opportunities elsewhere. They also provided services such as drilling rigs, directional drilling rigs, crude oil storage tanks, production/gathering systems, pipeline installation/repair services and waterflood management services to their customers.
Did Fairborne ever acquire any additional properties throughout its existence?
Yes, FEL acquired a number of properties throughout its existence that increased their core area operations such as assets located near Grande Prairie Alberta which included additional lands leases bringing them to over 500 sections across Alberta & BC at one point prior to their eventual delisting off the TSX.
Final Words:
FEL provides a great example of how companies can expand their presence into new markets while maintaining their core mission — providing energy solutions through exploration and production of oil and natural gas metrics from various fields across Canada. After its delisting from TSX in 2003, FEL became part of larger entities like Westcoast that later changed its name to Spectra Energy Corp.. Despite no longer independently trading under FEL’s acronym on TSX exchange since 2003; the legacy lives on within Spectra Energy Corp., providing energy solutions to Canadians everywhere!
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