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Oreninc Index

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August 2013

Oreninc Index Update: August 1, 2013

Oreninc Index

Oreninc Index Falls to Lowest Level in Year

The Oreninc Index continued its turbulent summer, falling to its lowest level in over a year for the week ending August 1, 2013. Total amount opened for the week fell 80% to $22.1 million. In addition to the lack of overall fundraising, broker activity was down sharply with only one deal for $4 million. This serves as a sobering reminder of the current volatility in the space.  Next week should improve marginally as we inch closer to the historically more active fall months.

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July 2013

Oreninc Index Update: July 25, 2013

Oreninc Index

Oreninc Index Climbs to Highest Level Since May

The Oreninc Index rose to its highest level in twelve weeks for the week ending July 25, 2013.  The brokered vs. total dollars announced was the highest since January, mostly on the back of Argent Energy Trust’s opening for $75m.  Even with the main reason behind the jump being due to one deal, the fact that a company is trying to raise that much through a bought deal shows a small sign of improvement in the financing wasteland that has been Summer 2013.

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July 2013

Oreninc Index Update: July 18, 2013

Oreninc Index

Oreninc Index Rises from Summer Lull

The Oreninc Index rose to its highest level in three weeks for the week ending July 18, 2013.  Riding on the back of $67.2m announced through 27 deals, the Index rose from its relative depths. The week saw 2 brokered deals announced for $20m. Both total dollars and brokered dollars announced were six-week highs. As encouraging as this spike is, the turbulence that has plagued the current financing market is expected to linger through July and August.

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July 2013

Oreninc Index Update: July 11, 2013

Oreninc Index

Oreninc Index Five-Week Average Falls to Lowest Level YTD

The Oreninc Index five-week moving average fell to its lowest level YTD for the week ending July 11, 2013. Two brokered deals were announced for the week, only one of which was a bought deal.  This level is most likely a product of the normal mid-summer lull, as well as the market’s current stagnation. With mid-summer approaching and many summer exploration projects still underway, there is no reason to believe the Index will improve significantly over the next couple of weeks.

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July 2013

Oreninc Index Update: July 4, 2013

Oreninc Index

Oreninc Index Falls to Three-Week Low

The Oreninc Index fell to a three-week low for the week ending July 4, 2013. This follows the upward trend of the Index’s two previous weeks. The drop was not a surprise as the week included Canada Day and, in the U.S., Independence Day; overall, North American activity was down. Historically, late July and August are the slowest points of the financing market, leaving no expectations for significant gains until the Fall fundraising season hopefully returns.

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