CALGARY, AB--(Marketwired - April 30, 2015) - Canadian Oil Sands Limited ("COS") (TSX: COS) (OTCQX: COSWF) All financial figures are unaudited and in Canadian dollars unless otherwise noted. Canadian Oil Sands Limited ("COS") reported strong operating performance at Syncrude for the first quarter of 2015, with cost reduction initiatives and stable production mitigating the impact of lower oil prices. COS' cash flow from operations of $76 million ($0.16 per Share) fully funded capital [Read more]
Archives for April 2015
Enbridge Energy Partners, L.P. Declares Distribution and Reports Earnings for First Quarter 2015
HOUSTON, TX--(Marketwired - Apr 30, 2015) - Enbridge Energy Partners, L.P. (NYSE: EEP) ("Enbridge Partners" or "the Partnership") announced today that the board of directors of the delegate of its general partner has declared a cash distribution of $0.57 per unit, or $2.28 per unit on an annualized basis, payable on May 15, 2015 to unitholders of record as of the close of business on May 8, 2015. FIRST QUARTER HIGHLIGHTS Strong liquids pipeline system [Read more]
Lower oil prices push Exxon Mobil’s profit down 46 per cent; weakest 1Q in 6 years
IRVING, Texas - Exxon earned $4.94 billion in the first quarter, a huge sum but only about half of what the company made last year. Lower oil prices depleted both Exxon's top and bottom lines.It was the lowest first-quarter profit for Exxon Mobil Corp. in six years, although the results still beat Wall Street expectations.When world oil prices collapsed from about $100 a barrel to less than $50 over the second half of last year, it made some drilling projects unprofitable. Exxon is beginning to [Read more]
NEB, Saskatchewan Ministry of Economy issue Bakken Assessment
CALGARY, April 30, 2015 /CNW/ - The National Energy Board and the Saskatchewan Ministry of Economy today presented a joint Assessment of Unconventional Petroleum Resources in the Bakken Formation of Saskatchewan. The Bakken Formation has been producing from conventional reservoirs since the mid-1950s. Since 2004, however, industry has shifted its focus to its unconventional tight oil, primarily because the combination of horizontal drilling and multi-stage hydraulic fracturing has made it [Read more]
Forent Energy Announces 2014 Financial and Operating Results and Filing of NI 51-101 Annual Reserve Report
CALGARY, ALBERTA--(Marketwired - April 30, 2015) - Forent Energy Ltd. (TSX VENTURE:FEN) ("Forent" or the "Company") is pleased to announce that it has filed its audited Financial Statements and Management's Discussion & Analysis, for the period ending December 31, 2014, with applicable securities regulatory authorities in Canada. Copies of these documents can be accessed under the Company's profile on the SEDAR website at www.sedar.com and on the Company's website www.forentenergy.com. [Read more]
Epsilon Announces Election of Board of Directors
HOUSTON, TEXAS--(Marketwired - April 30, 2015) - Epsilon Energy Ltd. ("Epsilon" or the "Company") (TSX:EPS) is pleased to announce that all the nominees listed in its Management Information Circular dated March 26, 2015 were elected as directors of Epsilon, until the next annual meeting of shareholders. The detailed results of the vote held Wednesday, April 29, 2015 are set out below. Election of Directors On a vote by ballot, each of the following five nominees [Read more]
Sintana Energy Announces Spud of Manati Blanco-1 Well
TORONTO, ONTARIO--(Marketwired - April 30, 2015) - Sintana Energy Inc. (TSX VENTURE:SNN) ("Sintana" or the "Company") is pleased to announce that Patriot Energy Sucursal Colombia ("Patriot"), wholly owned by the Company, has received notice that ExxonMobil Exploration Colombia Limited ("ExxonMobil") has commenced drilling operations for the Manati Blanco-1 well, which is located on the western edge of the 43,158 acres Block VMM-37 in Colombia's Middle Magdalena Basin. Drilling [Read more]
Seven Generations completes offering of US$425 million 6.750% senior notes
CALGARY, April 30, 2015 /CNW/ - Seven Generations Energy Ltd. (7G) (TSX: VII) has completed its previously announced offering of US$425 million aggregate principal amount of 6.750% senior notes due 2023, which were offered in a private placement to eligible purchasers (the Offering). 7G intends to use the net proceeds of the Offering for continued development of the Kakwa River Project and for general corporate purposes. About the Company Seven Generations Energy Ltd. is an Alberta-based [Read more]
Focus on costs as oilsands giants Suncor, Imperial report earnings
CALGARY - Top oilsands executives say they're looking past swings in crude prices and focusing instead on what's within their control."The truth is no one knows" where prices are heading, Rich Kruger, CEO of Imperial Oil Ltd. (TSX:IMO), said Thursday at the company's annual meeting."At Imperial, we are approaching our business as if we may be in for a sustained period of lower prices," he said. And if the market improves, "all the better."During the first quarter, U.S. benchmark crude hovered [Read more]
Crescent Point Energy Announces First Quarter 2015 Conference Call and Notice of Annual General Meeting
CALGARY, ALBERTA--(Marketwired - April 30, 2015) - Crescent Point Energy Corp. ("Crescent Point" or the "Company") (TSX:CPG) (NYSE:CPG) plans to report its first quarter 2015 financial and operating results via news release at or before approximately 6 a.m. MT (8 a.m. ET) on Thursday, May 7, 2015. Crescent Point management will host a conference call at 10:00 a.m. MT (12:00 p.m. ET) on May 7, 2015, to discuss the results and outlook for the Company. Participants can access the conference [Read more]
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