WASHINGTON - Alberta's premier expressed optimism during a trip to the United States that a presidential veto won't spell the end of the Keystone XL pipeline project.Jim Prentice made that observation amid a series of meetings Monday in the U.S. capital, where the debate over the controversial Alberta-to-Texas pipeline is entering a critical phase.He said everything he's heard suggests President Barack Obama is about to veto a Keystone bill that just made it through Congress — but that the issue [Read more]
Archives for February 2015
Pembina Pipeline Corporation Announces Closing of $600 Million Public Note Offering
CALGARY, Feb. 2, 2015 /CNW/ - Pembina Pipeline Corporation ("Pembina" or the "Company") (TSX: PPL, NYSE: PBA) is pleased to announce that it has closed its previously announced offering of $600 million of senior unsecured medium-term notes (the "Offering"). The Offering was conducted in two tranches consisting of $450 million in senior unsecured medium-term notes, series 5 (the "Series 5 Notes") having a fixed coupon of 3.54% per annum, paid semi-annually, and maturing on February 3, 2025, and [Read more]
FortisBC finalizes LNG supply agreement with BC Ferries to fuel new vessels
All FortisBC gas customers to benefit from more stable rates due to increased year-round system volumes SURREY, BC, Feb. 2, 2015 /CNW/ - FortisBC – a subsidiary of Fortis Inc. (TSX:FTS) – announced today that it will provide up to 300,000 gigajoules of liquefied natural gas (LNG) per year, the energy equivalent of 7.8 million litres of diesel fuel, for the next 10 years to help fuel BC Ferries' three new intermediate class ferries. The LNG will be supplied from FortisBC's Tilbury facility [Read more]
Strongbow Resources Inc Provides Update
CALGARY, AB / ACCESSWIRE / February 2, 2015 / Strongbow Resources Inc. (OTCQB:STBR) ("Strongbow" or the "Company") is a junior oil and gas production, development and exploration company with properties in Western Canada. It current owns 100% working interest on eight sections (5120 acres) of contiguous land with one well on production, producing light sweet crude oil from the Viking formation. With a development plan in place, Strongbows team is currently identifying a five well drill [Read more]
Pan Orient Energy Corp.: Corporate Update
CALGARY, ALBERTA--(Marketwired - Feb. 2, 2015) - On November 5, 2014 Pan Orient Energy Corp. ("Pan Orient" or the "Company") (TSX VENTURE:POE) announced it had entered into an agreement for the sale of a 50-per-cent equity interest in subsidiary Pan Orient Energy (Siam) Ltd. to a wholly owned subsidiary of Sea Oil Public Company Limited ("Sea Oil"), of Thailand, for a cash price of USD $42.5 million, including a working capital adjustment of USD $2.4 million. Pan Orient Energy (Siam) Ltd. holds [Read more]
A pause, but not panic, in Fort McMurray as oil prices languish below US$50
FORT MCMURRAY, Alta. - The city at the heart of Canada's oilsands is no ghost town, but things have slowed down a bit in Fort McMurray, Alta.And that's not necessarily a bad thing, according to the president of the local chamber of commerce."Do you know what? To me — for us — this is nice," Nick Sanders said in an interview at a downtown cafe that had a smattering of customers in the middle of a weekday morning."We have a chance to sit back and say 'Ok, let's figure out what we need to get ready [Read more]
First quarter dividend declaration
CALGARY, Feb. 2, 2015 /CNW/ - Imperial Oil Limited today declared a quarterly dividend of 13 cents per share on the outstanding common shares of the company, payable on April 1, 2015, to shareholders of record at the close of business on March 5, 2015. This first quarter 2015 dividend compares with the fourth quarter 2014 dividend of 13 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]
Imperial announces estimated fourth quarter financial and operating results
For the twelve months ended December 31, 2014 CALGARY, Feb. 2, 2015 /CNW/ - Fourth quarter Twelve months (millions of dollars, unless noted) 2014 2013 % 2014 2013 % Net income (U.S. GAAP) 671 1,056 (36) 3,785 2,828 34 Net income per common share - assuming dilution [Read more]
Bonterra Energy Corp. Confirms Cash Dividend for January 2015 Payable February 27, 2015
CALGARY, ALBERTA--(Marketwired - Feb. 2, 2015) - Bonterra Energy Corp. (www.bonterraenergy.com) (TSX:BNE) announces that the January 2015 monthly cash dividend will be $0.15 per share (a $0.15 decrease from the previous month) and will be paid on February 27, 2015. The record date for the dividend is February 13, 2015 and the ex-dividend date is February 11, 2015. The dividend is paid monthly and is subject to commodity prices and production levels. The dividend is considered an [Read more]
Connacher Oil and Gas Provides Production and Financial Forecast for 2015
CALGARY, Feb. 2, 2015 /CNW/ - Connacher Oil and Gas Limited (CLL – TSX; "Connacher" or the "Company") provides its forecast ("Forecast") for 2015 in the context of its previously announced recapitalization transaction (the "Recapitalization"). This Forecast is based upon the following assumptions: Commodity Price Assumptions Average WTI price of US$49.75/bbl for 2015 Based on an exchange of US$1 = C$1.16, the Company assumes a 2015 average WCS price of $41.30 AECO 5A gas prices have [Read more]
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