Alberta · CCAA
Sixth Report of the Monitor
Court officer report · 18 February 2026
AI summary
A plain-English summary drawn only from this filing: what it is, why it matters, and the parties, amounts and dates it turns on.
What we verified from this filing7 verified
- cash on handnote: Table shows ending cash of $4,137 thousand, a positive variance of $90,000 to forecast; no DIP drawn. · as at: 2026-02-14 · amount: 4100000 · currency: CAD · qualifier: approximately
- disbursementsnote: Actual total disbursements per the variance table ($17,347 thousand: operating $17,097 thousand plus financing $250 thousand), against a forecast of $17,467 thousand. · since: December 29, 2024 (59 weeks to February 14, 2026) · amount: 17347000 · currency: CAD
- operational summaryKMC has sold substantially all assets to HME and is winding down operations, with three staff kept on for ongoing litigation (claims against Suncor) while outstanding refunds and receivables are collected.
- professional feesnote: Table figure $1,640 thousand actual; separate legal fees of $73 thousand paid as retainer for Suncor claims counsel. Forecast period professional fees approx. $110,000 plus $100,000 legal fees. Tax treatment not stated. · party: KMC's legal counsel, the Monitor, and the Monitor's Counsel · amount: 1640000 · period: 59-week period Dec 29, 2024 to Feb 14, 2026 (actual) · currency: CAD
- receipts cumulativenote: Actual total receipts per the variance table ($21,085 thousand), against a forecast of $21,114 thousand. · since: December 29, 2024 (59 weeks to February 14, 2026) · amount: 21085000 · currency: CAD
- report date18 February 2026
- report noSixth Report