CALGARY, April 29, 2015 /CNW/ - Connacher Oil and Gas Limited (CLL – TSX; "Connacher" or the "Company") has lost a great friend and leader. Colin Evans, Connacher's Board Chairman, passed away yesterday. Colin was appointed to Connacher's Board in April 2004 and became the Chairman in May 2012. He was an ardent supporter of the Company. In 2012 through April 2013, he also acted as co-managing director, guiding the Company through the disposition of its refining and conventional exploration [Read more]
Archives for April 2015
NuVista Energy Ltd. Announces Closing of Equity Financings
CALGARY, ALBERTA--(Marketwired - April 29, 2015) - NuVista Energy Ltd. ("NuVista") (TSX:NVA) is pleased to announce that it has closed its previously announced public offering of 11,465,000 common shares and 2,313,000 common shares issued on a "flow-through" basis pursuant to the Tax Act (Canada) ("Flow-Through Shares") through a syndicate of underwriters co-led by RBC Capital Markets and Peters & Co. Limited and including CIBC World Markets Inc., Scotia Capital Inc., FirstEnergy Capital [Read more]
Scotiabank’s Commodity Price Index Tumbles in March, but Will Strengthen in April
TORONTO, ON--(Marketwired - April 29, 2015) - After rallying in February, Scotiabank's Commodity Price Index dropped by 3.7% in March, as oil prices retreated once again. The All Items Index is at its lowest level since January 2007 and is 32.8% below a year earlier."The good news is a spring rally has emerged in April, with price gains for oil and base metals," said Patricia Mohr, Vice President of Economics and Commodity Market Specialist at Scotiabank. "West Texas Intermediate (WTI) oil [Read more]
Cenovus first-quarter oil sands production up 20%
Oil sands per-unit operating costs decline 31% Combined oil sands production averaged more than 144,000 barrels per day (bbls/d) net in the first quarter, up 20% from the same period in 2014. Total oil production was more than 218,000 bbls/d, 11% higher than in 2014. Upstream per-unit operating costs declined 23%, including a 31% decrease in oil sands per-unit operating costs, compared with the first quarter of 2014. Cash flow was $495 million, a 45% decline from the first quarter in [Read more]
Leucrotta Exploration Announces Q4 2014 Financial and Operating Results
CALGARY, ALBERTA--(Marketwired - April 29, 2015) - LEUCROTTA EXPLORATION INC. (TSX VENTURE:LXE) ("Leucrotta" or the "Company") is pleased to announce its financial and operating results for the three months and year ended December 31, 2014. All dollar figures are Canadian dollars unless otherwise noted. HIGHLIGHTS Commenced active oil and natural gas operations on August 6, 2014 as a result of the closing of an arrangement agreement between Leucrotta, Crocotta Energy Inc. ("Crocotta") and [Read more]
Have Natural Gas Prices Bottomed?
Last Friday we finally got confirmation of where all the natural gas supply has been coming from as Cabot (COG) reported its earnings. Just like Chesapeake (CHK), they reduced natural gas output, but on a much grander scale. CHK has yet to report and will do so on May 6th providing even more color on the subject. Last month they announced a 2% reduction in NGAS volumes to 1-3% for 2015 vs. 3-5%. But the ramp up of supply from Marcellus, and to a lesser extent Utica, and a corresponding flat [Read more]
3MV Energy Announces Year-End 2014 Results
CALGARY, April 28, 2015 /CNW/ - 3MV Energy Corp. ("3MV" or the "Company") (TSXV: TMV) is pleased to report its financial and operating results for year ended December 31, 2014. 3MV's audited financial statements and related management's discussion and analysis for the year ended December 31, 2014 have been filed and are available on the SEDAR website at www.sedar.com and on the Company's website at www.3mvenergy.com. 3MV is also pleased to announce the results of its 2014 year-end reserves [Read more]
CNOOC Limited Announces Pricing of Guaranteed Notes Offering
HONG KONG, April 28, 2015 /CNW/ -- CNOOC Limited (the "Company", NYSE: CEO, SEHK: 00883, TSX: CNU) announced on April 28, 2015 (New York time) the pricing of an offering of US$3,800,000,000 aggregate principal amount of guaranteed notes. The offering consists of US$1,500,000,000 of 2.625% guaranteed notes due 2020 (the "2020 Notes"), US$2,000,000,000 of 3.500% guaranteed notes due 2025 (the "2025 Notes"), and US$300,000,000 of 4.200% guaranteed notes due 2045 (the "2045 Notes"). The 2020 Notes [Read more]
Baytex to Hold Conference Call and Webcast on First Quarter 2015 Results
CALGARY, ALBERTA--(Marketwired - April 28, 2015) - Baytex Energy Corp. (TSX:BTE) (NYSE:BTE) will release its 2015 first quarter financial and operating results prior to the opening of markets on Tuesday, May 5, 2015. A conference call and webcast will be held shortly thereafter to discuss the results and address investor questions. Conference Call Details: Date: Tuesday, May 5, 2015 [Read more]
Northern Blizzard Resources Inc. to Announce First Quarter 2015 Results and Hold Annual Meeting of Shareholders
CALGARY, April 28, 2015 /CNW/ - Northern Blizzard Resources Inc. ("Northern Blizzard" or the "Company") (TSX: NBZ) will release its first quarter 2015 financial and operating results prior to the opening of markets on May 13, 2015. Northern Blizzard will host a conference call on May 13, 2015, starting at 9:00AM MT (11:00AM ET), to review the Company's first quarter 2015 results. Participants can access the conference call by dialing (403) 532-5601 or toll-free (US & Canada) 1 (855) 353-9183 [Read more]
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