Provident Energy Trust (PVX), Monday said it has completed the previously announced sale of its oil and natural gas assets in the Lloydminster area to Emerge Oil & Gas Inc. for total consideration of C$85 million, including closing adjustments. The sale proceeds are comprised of C$68 million in cash and C$17 million in equity. After application of cash proceeds from this sale, Provident will have about C$285 million drawn against its revolving term credit facility.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.