Strong cash position at year end 2017, driven by the seventh consecutive year of record-low non-energy operating costs, supports highly-economic growth to 100,000 bpd by early 2019 All financial figures in Canadian dollars ($ or C$) unless otherwise noted CALGARY, Feb. 8, 2018 /CNW/ - MEG Energy Corp. (TSX:MEG) today reported fourth quarter and full-year 2017 operating and financial results. Highlights include: Record fourth quarter production volumes of 90,228 barrels per day (bpd) [Read more]
Perpetual Announces 2017 Exit Rate Growth of 54% and Provides Operations Update, Reports Year-End Reserves Replacing 248% of Production and Revises 2018 Capital Plan and Outlook
CALGARY, Feb. 7, 2018 /CNW/ - (TSX:PMT) – Perpetual Energy Inc. ("Perpetual", or the "Company") is pleased to announce its year-end 2017 production exit rate (average for the month of December) of 12,300 boe/d, attaining year-over-year exit rate growth of 54%. The Company invested $19.0 million in exploration and development activities during the fourth quarter of 2017 and grew production 14% quarter-over-quarter. Production and operating costs continued the positive trend established through [Read more]
MEG Energy holds conference call to discuss fourth quarter and full year 2017 operating and financial results
CALGARY, Feb. 6, 2018 /CNW/ - MEG Energy Corp. (TSX:MEG) announces that it intends to release its operating and financial results for the fourth quarter and full year 2017 on Thursday, February 8, 2018. A conference call will be held to review the operating and financial results at 11:30 a.m. Mountain Time (1:30 p.m. Eastern Time) on Thursday, February 8, 2018. The North American toll-free conference call number is 1-888-231-8191. The international conference call [Read more]
Pembina Pipeline Corporation Declares February 2018 Common Share Dividend and Fourth Quarter/ Annual 2017 Results Conference Call and Webcast
CALGARY, Feb. 5, 2018 /CNW/ - Pembina Pipeline Corporation ("Pembina" or the "Company") (TSX: PPL; NYSE: PBA) announced today that its Board of Directors declared a common share cash dividend for February 2018 of $0.18 per share to be paid, subject to applicable law, on March 15, 2018 to shareholders of record on February 25, 2018. This dividend is designated an "eligible dividend" for Canadian income tax purposes. For non-resident shareholders, Pembina's common share dividends should be [Read more]
Journey Energy Inc. Announces the Closing of Its Repurchase of Common Shares
CALGARY, Feb. 2, 2018 /CNW/ - Journey Energy Inc. (JOY – TSX) ("Journey" or the "Company") announces that it has today completed the acquisition of 12.7 million of its outstanding shares from its largest shareholder. Share Repurchase Journey has today closed the previously announced acquisition of 12.7 million common shares from MIE Maple Investments Limited ("MIE") at a price of $1.68 per share (the "Share Repurchase"). The shares repurchased have been returned to treasury for [Read more]
Vertex Resource Group Ltd. Acquires HMA Land Services
Acquisition Expands Vertex's Geographic Expertise in Large Pipeline, Utility and Mineral Land Projects across Canada. This is Vertex's second acquisition thus far in 2018. SHERWOOD PARK, AB, Feb. 1, 2018 /CNW/ - (TSX.V:VTX) - Vertex Resource Group Ltd. ("Vertex") is pleased to announce that it has acquired the business of HMA Land Services ("HMA"). The expertise of the HMA team will further strengthen Vertex's professional land consulting practice, with particular focus on large pipeline, [Read more]
Imperial announces 2017 financial and operating results
Full-year earnings of $490 million; $1,056 million excluding upstream non-cash impairment charges Progressing work to increase Kearl annual average gross production to 240,000 barrels per day Returned more than $1.1 billion to shareholders through share purchases and dividends CALGARY, Feb. 2, 2018 /CNW/ - Fourth quarter Twelve months millions of Canadian dollars, unless [Read more]
First quarter 2018 dividend declaration
CALGARY, Feb. 2, 2018 /CNW/ - Imperial Oil Limited today declared a quarterly dividend of 16 cents per share on the outstanding common shares of the company, payable on April 1, 2018, to shareholders of record at the close of business on March 2, 2018. This first quarter 2018 dividend compares with the fourth quarter 2017 dividend of 16 cents per share. Imperial has a long and successful history of growth and financial stability in Canada as a leading member of the petroleum industry. The [Read more]
Oil Spill Near Vancouver Proves Risk of Increase in Kinder Morgan Tankers
VANCOUVER, Feb. 1, 2018 /CNW/ - An oil spill off the coast of Vancouver in Howe Sound, which has dumped hundreds of litres of diesel into the local marine environment is being decried by environmental groups today as proof of the danger of increased tanker traffic that could result from the Kinder Morgan pipeline. Howe Sound is the unceded territory of the Squamish Nation, who have never given consent for oil tankers to traverse their territory. "When spills happen, they can devastate our [Read more]
Hemisphere Energy Increases Term Loan and Provides Development Plans for Q1 2018
TSX-V: HME - VANCOUVER, Feb. 1, 2018 /CNW/ - Hemisphere Energy Corporation (TSX-V: HME) ("Hemisphere" or the "Company") is pleased to announce an increase to its term loan and subsequent development plans for the first quarter of 2018. Term Loan Hemisphere has amended its credit agreement with its third-party lender in order to increase the commitment amount available to Hemisphere on its multi-draw, non-revolving term loan facility (the "Term Loan") by US$5.0 million, bringing the aggregate [Read more]
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