CALGARY, ALBERTA--(Marketwired - Feb. 29, 2016) - (All figures are in Canadian dollars) PrairieSky Royalty Ltd. ("PrairieSky" or the "Company") (TSX:PSK) is pleased to announce its operating and financial results for the fourth quarter of 2015 and the year ended December 31, 2015. In addition, PrairieSky announces that it will set its annual dividend at $0.72 per share per annum and suspend its Dividend Reinvestment Plan and Stock Dividend Program, in each case effective for the March 2016 [Read more]
Archives for February 2016
The pipeline industry needs clarity about Canada’s regulatory process
Recent polling suggests Canadians recognize that pipelines are the safest way to transport oil, that the National Energy Board garners a significant amount of public trust and that Quebeckers would rather get their oil from Alberta than Saudi Arabia. And still we find ourselves engaged in a political debate around public acceptance and regulation. The recent discourse around pipelines has focused on the regulatory process and the NEB itself. This has led to a policy expanding the regulatory [Read more]
Tamarack Valley Energy Ltd. Announces $38.0 Million Bought Deal Financing and Re-affirms Previously Announced 2016 Guidance
CALGARY, ALBERTA--(Marketwired - Feb. 29, 2016) - Tamarack Valley Energy Ltd. ("Tamarack" or the "Company") (TSX:TVE) is pleased to announce that it has entered into a bought deal financing agreement with a syndicate of underwriters led by National Bank Financial Inc. (the "Underwriters"), pursuant to which the Underwriters have agreed to purchase for resale to the public, on a bought deal basis, 13,014,000 common shares ("Common Shares") at an issue price of $2.92 per Common Share resulting [Read more]
B.C. LNG industry could bring billions in taxes: Conference Board of Canada
VANCOUVER - A new study says Canada would get a big economic boost from a liquefied natural gas industry, especially British Columbia, including tens of thousands of jobs and billions of dollars in economic activity.The Conference Board of Canada's report was issued Monday as the future of Canada's LNG industry is complicated by low global energy prices that have delayed at least two B.C. projects.The board found that if the industry produces 30 million tonnes per year of LNG, Canada's economy [Read more]
Phillips 66 Expands Commitment to Military Hiring
HOUSTON--(BUSINESS WIRE)--Veterans and transitioning service members often have difficulty communicating their skills and military background in terms that civilian employers can understand, making a move into the private sector a challenge. Through a new partnership with Hiring Our Heroes, Phillips 66 (NYSE: PSX) joins more than 30 of America’s largest employers in its commitment to hiring veterans. “Supporting Hiring our Heroes is a natural [Read more]
B.C. to establish new law on environmental spill response and preparedness
VICTORIA - British Columbia's environment minister says potential polluters will face new penalties for spills and stronger rules governing cleanups as the government moves to amend environmental legislation.Mary Polak said Monday amendments to the Environmental Management Act also seek to establish a new spill preparedness and response system to tackle environmental emergencies."This legislation will allow us to require that companies not just report a spill and clean it up, but they actually [Read more]
Saskatchewan budget tanks on oil prices; deficit up to $427 million
REGINA - The low price of oil is gushing red all over the Saskatchewan government's budget.Finance Minister Kevin Doherty's third-quarter fiscal update is forecasting a deficit of $427 million for the current fiscal year. The budget tabled last March had anticipated a surplus of just over $100 million.The big hit comes on the revenue side where income from non-renewable resources is down $617 million."I don't know where the price of oil is going to go. I mean, if I knew where the price of oil [Read more]
Primeline’s Q3 Sees Better Production and Revenues
HONG KONG, CHINA--(Marketwired - Feb. 29, 2016) - NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES, OR DISSEMINATION IN THE UNITED STATES. Primeline Energy Holdings Inc. ("Primeline" or the "Company") (TSX VENTURE:PEH) today announced it has filed its interim unaudited financial statements for the quarter ended December 31, 2015 ("Financial Q3") and related management discussion and analysis ("MD&A"). Copies of these documents may be obtained on www.SEDAR.com under Primeline's [Read more]
ENGIE Subsidiary OpTerra Opens San Diego Office
SOLANA BEACH, Calif., Feb. 29, 2016 /PRNewswire/ -- OpTerra Energy Services, an Oakland-based energy services company that has achieved $2 billion in energy savings for its partners to date, has opened a new office in San Diego to support the region's growing sustainability needs in both the private and public sector. OpTerra was recently acquired by a member of the ENGIE Group in North America. ENGIE, a global energy player headquartered in Paris, France, is an expert operator in electricity, [Read more]
Westcoast Energy Declares Dividends
VANCOUVER, Feb. 29, 2016 /CNW/ - On February 29, 2016, Westcoast Energy Inc. ("Westcoast") declared the following quarterly dividends: 5.50% CUMULATIVE FIRST PREFERRED SHARES, SERIES 7: A dividend of 34.375 cents per share payable on April 15, 2016 to shareholders of record at the close of business on April 1, 2016. 5.60% CUMULATIVE FIRST PREFERRED SHARES, SERIES 8: A dividend of 35.00 cents per share payable on April 15, 2016 to shareholders of record at the close of business on April 1, [Read more]
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