Dome Petroleum’s Debt Empire Collapses Under Oil Slump
The analysis traces Dome Petroleum from a booming, debt-fueled rise to its current peril as oil profits evaporate. Once valued by banks and investors at high levels, Dome’s $2 to $6 billion debt, tied to banks TD Commerce Royal Bank and Bank of Montreal, leaves it unable to meet payments. Shareholders receive nothing as unsecured creditors face limited recoveries.
MENTIONED IN THIS ARTICLE
Dome Petroleum
Dome
Hudson’s Bay Oil & Gas
Jack Gallagher
Asian
Trudeau
Gallagher
Marc Lalonde
Jack
Canada
Peter
Toronto Sun
Beaufort Sea
U.S
Td, Commerce, Royal
Bank of Montreal
Exama
U.S. Securities Exchange Commission
This Week in Canada and World Events Through Time
A fragmented summary recalls milestones in Canadian history and global affairs from 1851 to 1965. It mentions Nova Scotia and P.E.I. governance moments, wartime actions, and infrastructure or policy shifts, alongside remarks on current oil price volatility and debt's impact on markets and nations.
Pageant entries wanted for Miss Manitoba 1986
The Red River Exhibition invites Manitoba residents aged 18 to under 25 to apply for the 1986 Miss Manitoba Pageant. The winner will represent Manitoba at Miss Canada in Toronto and engage in community activities. Contact The Red River Exhibition Office at 772 9464 for details.
MENTIONED IN THIS ARTICLE
Winnipeg
Red River
Toronto
Manitoba
Red River Exhibition
Public invited to mortgage sale protest in Shoal Lake
A letter invites the public to attend a mortgage sale on April 29 at 10:00 A.M. at the Ukrainian Hall in Shoal Lake. The author Terry Drul of Oakburn Man asks concerned farmers to protest banks and credit unions, attend a meeting, and possibly march on banks in the afternoon.
MENTIONED IN THIS ARTICLE
Shoal Lake
Credit Union and Bank
Terry Drul Oakburn
Reading the Papers Across Manitoba and Saskatchewan News
Farmers report a balloon from Great Falls leads to cross border tracing. Renovations begin at St Vladimir’s College in Roblin, with a million dollar project planned and 2,500 copies of a local history to be sold. A Charolais calf hatches with three legs near Glenboro. The Whyte’s Poultry Farm fire near Gilbert Plains destroys poultry and prompts investigation. Minnedosa bank branch to cease operations on July 25, 1986.
MENTIONED IN THIS ARTICLE
Shell River
Roblin
Friesen’s
Altona
Manitoba
St. Vladimir’s College
Dwayne Drinkwater
Glenboro
Whyte
Gilbert Plains
Dauphin Herald
Canadian Imperial Bank of Commerce
Minnedosa
The Rossburn Review Publication Details
The Rossburn Review is an independent weekly newspaper from Rossburn Manitoba published every Wednesday by Nesbitt Publishing Ltd. Established in 1941 it is a member of the CCNA Manitoba CNPA and Manitoba Press Council. Subscription rates are 11.00 in Canada and 32.50 in the United States.
MENTIONED IN THIS ARTICLE
Rossburn
Shoal Lake
Pat Robertson
Birtle
Manitoba
Also Mentioned on This Page
THE
Rossburn Review
Roy Brown
Baron von Richtofen
Trois Rivieres
Quebec
Lester B. Pearson
Denis Mote
Maison Placements
By Garth Turner
Nova Scotia
P.E.I
Princess Pats
Korea
Aoe Jack
Ontario
Elgin
Great Falls
Montanna
Tom Robbins
Mary
Baskins Robbins Ice Cream
J.M. Baldwin
Killarney
Saskatchewan
Wawota
Fairlight
Maryfield
Parkman
Doonside
Redvers
Ron Down
World Spectator Moosomin
Down
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