CALGARY, March 31, 216 /CNW/ - Connacher Oil and Gas Limited (CLC - TSX; "Connacher" or the "Company") today announced that it has entered into a forbearance agreement (the "Forbearance Agreement") with Credit Suisse AG, Cayman Islands Branch, as administrative agent (or any successor thereto, the "Administrative Agent") and certain lenders constituting the "Required Lenders" under the Credit Agreement in respect of US$153.8 million of loans made by the lenders (the "Lenders") under the Credit [Read more]
Archives for March 2016
Toro Oil & Gas Ltd Announces Fourth Quarter Results and Filing of Year-End Materials
CALGARY, March 31, 2016 /CNW/ - Toro Oil & Gas Ltd. (TSXV: TOO) ("Toro" or the "Company") announces that it filed its financial and operating results for the fourth quarter and year ended December 31, 2015 with the Canadian Securities Administrators. The Company's financial statements, Management's Discussion & Analysis ("MD&A") and Annual Information Form ("AIF") can be found on the SEDAR website (www.sedar.com) or on the Company's website (www.torooil.com). Included in the AIF is [Read more]
Baytex Announces Amendments to Bank Credit Facilities
CALGARY, ALBERTA--(Marketwired - March 31, 2016) - Baytex Energy Corp. ("Baytex") (TSX:BTE) (NYSE:BTE) announces amendments to its bank credit facilities that provide the company with increased financial flexibility. The amendments include reducing our credit facilities to US$575 million (approximately C$750 million), granting our bank lending syndicate first priority security with respect to our assets and restructuring our financial covenants. These facilities are not borrowing base [Read more]
Altura Energy Inc. Announces its Fourth Quarter 2015 and 2015 Year End Results
CALGARY, March 31, 2016 /CNW/ - Altura Energy Inc. ("Altura" or the "Corporation") (TSX Venture: ATU) is pleased to announce its financial and operating results for the three months and year ended December 31, 2015. The associated management's discussion and analysis ("MD&A") and audited consolidated financial statements as at and for the year ended December 31, 2015 can be found at www.sedar.com and www.alturaenergy.ca. OPERATIONAL AND FINANCIAL [Read more]
Qatar says 12 countries confirmed for oil cap meeting
DOHA, Qatar - Qatar's oil minister says 12 countries have agreed so far to participate in a meeting it's hosting next month to discuss a freeze in oil output levels.Qatar announced earlier this month it would be the venue for between OPEC and non-OPEC producers on April 17 to discuss the production cap. The talks are aimed at bolstering oil prices that have fallen from over $100 a barrel in 2014 to less than $40 a barrel at present.Minister of Energy and Industry Mohammed Bin Saleh al-Sada said [Read more]
Calgary investment dealer cancels annual Stampede bash as crude doldrums linger
CALGARY - One of the biggest events on the Calgary Stampede's party circuit has been called off as the city contends with the worst economic downturn in decades.For the first time in 20 years, boutique investment dealer FirstEnergy Capital won't be holding its annual FirstRowdy bash this July.In past years, the event has had a pricetag of more than $400,000, attracted 1,500 to 1,600 guests and featured big-name acts like Bachman-Turner Overdrive and the Barenaked Ladies.The cost of entry for [Read more]
Big savings at Alberta Energy Regulator welcomed by industry amid downturn
CALGARY - The Alberta Energy Regulator says it has saved industry hundreds of millions of dollars in recent years through a host of process tweaks and efficiency measures, more than offsetting levies companies pay to fund the provincial watchdog.AER spokeswoman Carrie Rosa said the cost-saving tally for industry over the 2015-16 fiscal year came in at between $411 million and $448 million, exceeding its target of $400 million. In the previous year, the savings were $267 million, surpassing a [Read more]
Maybe we should call Fossil Fuels ‘Ketchup’ instead?
Ketchup. Without it, our hot dogs, fries, hamburgers, you name it, would be downright boring. And it being March, with increasingly warmer weather, I for one don’t need any reminder that summer is fast approaching. So it would be of no surprise to me that ketchup (along with other summer pleasures) is on the hearts and minds of most Canadians. Why wouldn’t it be? All is well in the country, our economy is booming, jobless rates are down and the economic engine of Canada is firing on all [Read more]
TransAlta Announces Listing of Series B Preferred Shares
CALGARY, ALBERTA--(Marketwired - March 31, 2016) - TransAlta Corporation ("TransAlta" or the "Company") (TSX:TA) (NYSE:TAC) announced today that 1,824,620 of its 12,000,000 Cumulative Redeemable Rate Reset Preferred Shares, Series A (the "Series A Shares") have been converted, on a one-for-one basis, into Cumulative Redeemable Floating Rate Preferred Shares, Series B (the "Series B Shares"). As a result of the conversion, TransAlta has 10,175,380 Series A Shares and 1,824,620 Series B Shares [Read more]
Corridor Announces 2015 Year End Results and Reserves
HALIFAX, NOVA SCOTIA--(Marketwired - March 30, 2016) - Corridor Resources Inc. ("Corridor" or the "Company") (TSX:CDH) announced today its 2015 year-end financial results and reserve evaluations. Corridor's annual financial statements, annual management's discussion and analysis and Annual Information Form for the year ended December 31, 2015 have been filed on SEDAR at www.sedar.com and are available on Corridor's website at www.corridor.ca. All amounts referred to in this press release are in [Read more]
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