CALGARY, ALBERTA--(Marketwired - June 1, 2016) - Seven Generations Energy Ltd.'s (TSX:VII) lenders have renewed and extended the company's $850 million credit facility following a scheduled redetermination of its borrowing base. "We appreciate the ongoing support from our lending syndicate of 10 financial institutions. In the past six months, we have increased our reserves, the basis for our borrowing capacity, and have improved our financial strength as we continue to grow production and [Read more]
Archives for June 2016
Bonterra Energy Corp. Confirms Cash Dividend for May 2016 Payable June 30, 2016
CALGARY, ALBERTA--(Marketwired - June 1, 2016) - Bonterra Energy Corp. (www.bonterraenergy.com) (TSX:BNE) announces that the May 2016 monthly cash dividend will be $0.10 per share and will be paid on June 30, 2016. The record date for the dividend is June 15, 2016 and the ex-dividend date is June 13, 2016. The dividend is paid monthly and is subject to commodity prices and production levels. The dividend is considered an "eligible dividend" for tax purposes. Bonterra Energy [Read more]
Husky Energy Positioned to Grow Profits
CALGARY, ALBERTA--(Marketwired - June 1, 2016) - Husky Energy (TSX:HSE) is positioned to increase free cash flow as a result of the structural changes that have taken root across the business while significantly lowering its cost base. "Husky has been transformed over the past six years," said CEO Asim Ghosh. "We now have an oil price earnings break-even that is amongst the lowest in the oil industry and have significantly reduced our sustaining and maintenance capital requirements. "In [Read more]
Range Declares Quarterly Dividend
FORT WORTH, TX--(Marketwired - Jun 1, 2016) - RANGE RESOURCES CORPORATION (NYSE: RRC) today announced that its Board of Directors declared a quarterly cash dividend on its common stock for the second quarter. A dividend of $0.02 per common share is payable on June 30, 2016 to stockholders of record at the close of business on June 15, 2016. RANGE RESOURCES CORPORATION (NYSE: RRC) is a leading independent oil and natural gas producer with operations focused in stacked-pay projects in [Read more]
Calls grow to pay out oil profits before eventual decline of industry
CALGARY - A rising chorus of voices is calling for the oil industry to reduce spending on growth and begin rewarding shareholders through things like higher dividends and share buybacks.Investment researchers, think-tanks and newspaper editorials have recently begun advocating that big petroleum companies return as much capital to shareholders as possible as the transition away from fossil fuels gathers momentum and profits fade."Demand forecasts are way too positive," says Paul Sankey, managing [Read more]
Saskatchewan budget to show deficit due to falling oil, gas, potash revenue
REGINA - Saskatchewan Premier Brad Wall has joked that deficits are like potato chips — not good for your long-term health and bet you can't stop at just one.But Wall wasn't joking Wednesday after his government tabled a budget with a projected $434-million deficit."I don't like it at all. My analogy doesn't work. It's not like potato chips at all. I'd love to be able to stop at just one," said Wall."I do think it's manageable, especially when you consider what's going on in some other [Read more]
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