Birchcliff Energy Ltd. (“Birchcliff” or the “Corporation”) (TSX: BIR) is pleased to announce its financial and operational results for the three and nine months ended September 30, 2019 and its preliminary outlook for 2020. Birchcliff’s unaudited interim condensed financial statements for the three and nine months ended September 30, 2019 and related management’s discussion and analysis (the “MD&A”) will be available on its website at www.birchcliffenergy.com and on SEDAR at www.sedar.com. [Read more]
Headlines
Heavy discount narrows to near one-month low
The discount on Canadian heavy crude narrowed versus U.S. benchmark West Texas Intermediate (WTI) crude on Thursday to the smallest discount in nearly one month, since before the Keystone pipeline shut down last month. Western Canada Select (WCS) heavy blend crude for December delivery in Hardisty, Alberta, was trading at $16.50 per barrel below WTI, according to Net Energy Exchange, compared with Wednesday's settle of $17.85 below. The differential was as narrow as $15.25, the smallest in [Read more]
Tourmaline and Topaz Announce Completion of Previously-Announced Transaction
CALGARY, Nov. 14, 2019 /CNW/ - Tourmaline Oil Corp. (TSX:TOU) ("Tourmaline") and Topaz Energy Corp. ("Topaz") are pleased to announce that they have completed the previously-announced transaction creating Topaz, a unique, private, hybrid royalty and infrastructure company with an $800 million capitalization and aggressive long-term growth plans. The transaction includes the purchase by Topaz of interests in certain revenue generating assets from Tourmaline for consideration consisting of [Read more]
KML Announces Proxy Statement Mailing for Pembina Transaction
Special Meetings of KML Voting Shareholders and Preferred Shareholders to Approve Transaction Scheduled for December 10 CALGARY, Nov. 14, 2019 /CNW/ - Kinder Morgan Canada Limited (TSX: KML) announces the mailing this week of its information circular and proxy statement, together with the letters of transmittal and related proxy materials, to holders of KML restricted voting shares and special voting shares (together, Voting Shareholders) and holders of KML preferred shares (Preferred [Read more]
‘Pick a lane:’ Alberta premier fires back at Bloc Quebecois leader
CALGARY - Alberta Premier Jason Kenney says Bloc Quebecois Leader Yves-Francois Blanchet needs to "pick a lane." Kenney reacted in Calgary to comments the national separatist-party leader made after a meeting with Prime Minister Justin Trudeau in Ottawa. Blanchet says anyone seeking more independence for the West to promote the oil and gas sector should not come to him for advice. And he says if people are "trying to create an oil state in Western Canada, they cannot expect any help [Read more]
Column: Sorting wheat from chaff: Learning about electric vehicle progress from the media is like learning about a deal-of-the-century from a used car dealer
Ah, Saturday mornings. Nothing quite like them. First, take the poop machine for a walk in the fresh morning air, then back in for coffee and a multi-decade staple – US automotive show Motorweek. The show remains worth watching because it keeps up with the times, more or less (the host’s two-extra-yards-of–fabric suits have not), and now includes a regular and interesting electric vehicle component. What’s particularly fascinating about the show’s EV component is that it provides a glimpse [Read more]
Corridor announces third quarter results and increased cash flow and production guidance for winter 2019/2020
HALIFAX, Nova Scotia, November 12, 2019 (TSX - CDH): Corridor Resources Inc. (“Corridor”) announced today its third quarter financial results. The following table provides a summary of Corridor’s financial and operating results for the three and nine months ended September 30, 2019, with comparisons to the three and nine months ended September 30, 2018. Corridor's unaudited financial statements and management's discussion and analysis for the third quarter have been filed on SEDAR at [Read more]
Pipestone Energy Corp. Reports Third Quarter 2019 Results and Provides an Operations Update
CALGARY, Alberta, Nov. 14, 2019 (GLOBE NEWSWIRE) -- Pipestone Energy Corp. (“Pipestone Energy” or the “Company”) is pleased to report its Q3 2019 financial and operational results, provide an update on its production ramp-up, as well as an accelerated completion program within its capital guidance. The Company has filed its unaudited financial statements and related management’s discussion and analysis (“MD&A”) for the quarter ended September 30, 2019 on SEDAR. A conference call has been [Read more]
Hemisphere Energy Announces Record Third Quarter 2019 Financial and Operating Results and Significant Corporate Growth
Vancouver, British Columbia-Hemisphere Energy Corporation (TSXV: HME) ("Hemisphere" or the "Company") announces its financial and operating results for the three months and nine months ended September 30, 2019. Q3 2019 HIGHLIGHTS Achieved record revenue of $8.2 million, a 40% increase over the third quarter of 2018. Realized record quarterly funds flow from operations of $3.6 million, a 157% increase over the third quarter of 2018. Increased average quarterly production to a [Read more]
Alberta test case: Planned sale of gas wells, pipelines raises cleanup concerns
CALGARY - The possible transfer of hundreds of sour gas wells, pipelines and other facilities from an energy giant to a much smaller company has raised concerns about Alberta's efforts to ensure taxpayers don't get stuck with the cleanup bill. "My faith that the (regulator) is making some form of really careful stress test on these companies is just not there," said Mike Judd, a retired guide and outfitter who lives in the middle of the gas field and has filed a statement of concern over the [Read more]