SASKATOON - One of the candidates vying for the leadership of the federal Conservative Party says he opposes a federal carbon tax. Quebec MP Maxime Bernier was in Saskatoon on Wednesday and also says he will push to have pipeline projects go ahead so western oil to the coasts for sale overseas. Bernier also says balancing the budget should be Canada's priority, not spending more and piling on debt. He also says he would push for a smaller government to give more freedom [Read more]
Archives for August 2016
Sunshine Oilsands Ltd.: Inside Information Extension of Forbearance With Noteholders
HONG KONG, CHINA and CALGARY, ALBERTA--(Marketwired - Sept. 1, 2016) - The Board of Directors (the "Board") of Sunshine Oilsands Ltd. (the "Corporation" or "Sunshine") (HKEX:2012) is pleased to announce the following: EXTENSION OF FORBEARANCE WITH NOTEHOLDERS Reference is made to the announcements of the Corporation dated August 5, 2014, August 8, 2014 and February 5, 2016 (all Hong Kong time) in relation to, among other things, the offering of US$200 million principal amount of senior [Read more]
Cimarex Energy Declares Quarterly Cash Dividend
DENVER, Aug. 31, 2016 /PRNewswire/ -- Cimarex Energy Co. (NYSE: XEC) announced today that its Board of Directors has declared a quarterly cash dividend on its common stock of $0.08 per share. The dividend is payable on December 1, 2016, to stockholders of record on November 15, 2016. About Cimarex Energy Denver-based Cimarex Energy Co. is an independent oil and gas exploration and production company with principal operations in the Mid-Continent and Permian Basin areas of the U.S. [Read more]
Stubbs: Energy East decision must be guided by facts, not protests
TWO HILLS, AB – Today, Shannon Stubbs, Member of Parliament for Lakeland and Official Opposition Deputy Critic for Natural Resources urged the federal Liberal government to ensure that regulatory decisions are made by experts and based on evidence and facts. On Monday, August 29, National Energy Board hearings on the proposed Energy East pipeline were scheduled to begin in Montreal as part of their extended 21-month review process. Unfortunately, unruly protests canceled the first two days of [Read more]
Forent Energy Announces Filing of Q2 2016 Interim Financial Statements
CALGARY, ALBERTA--(Marketwired - Aug. 31, 2016) - Forent Energy Ltd. ("Forent" or the "Company")(TSX VENTURE:FEN) is pleased to announce that it has filed its interim consolidated financial statements and management's discussion & analysis, for the six months ended June 30, 2016, 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 [Read more]
If Alberta’s NDP are so concerned about the environment, where are they on the abandoned well issue?
It has been a shocking surprise to me. In Alberta, our environmentally obsessed and economically negligent NDP government; the same one imposing a carbon tax too high for business to be globally competitive and too low to have an impact on consumer behaviour; the same one willing to cost Alberta billions of dollars through an oil sands emission cap, which will fail to meaningfully impact CO2 output; has been virtually silent on Alberta's most pressing environmental concern: Abandoned oil [Read more]
Why Wall Street Is Throwing Billions At The Permian
The collapse of oil prices has ground shale drilling to a halt, but the one region where drilling is still active, and even increasing, is in West Texas. The Permian Basin is one of the last profitable areas to still drill with sub-$50 oil, and as other regions fall by the wayside, an increasing portion of drilling activity and spare investment dollars are flowing into the Permian. The rebound in the rig count in the U.S. is largely concentrated in the Permian. The West Texas shale basin has [Read more]
Companies turn to software to help weather low-price environment
Calgary, AB, Canada, August 30, 2016 – As the lower for longer sentiment has grown, so has the number of demo requests and software inquiries received daily by Calgary-headquartered oil and gas software maker, Energy Navigator. The drivers behind the inquiries are varied, but there is a common concern: oil and gas companies are operating with fewer people in an effort to contain operating costs. Key individuals and significant knowledge resources are gone, but the work still needs to be [Read more]
Twin Butte Energy Debentureholders Outline Proposed Alternative Transaction as Presented to the Special Committee of Twin Butte’s Board
CALGARY, Aug. 30, 2016 /CNW/ - Dear Twin Butte Securityholders, We, the ad hoc committee of unaffiliated senior debentureholders (the "Ad Hoc Group") of Twin Butte Energy Ltd. ("Twin Butte"), wish to update Twin Butte's securityholders concerning recent developments in connection with the proposed restructuring of Twin Butte: Immediately following the special meeting of the Twin Butte securityholders held on August 29, 2016, the Ad Hoc Group presented an alternate restructuring [Read more]
National Energy Board suspends hearings into Energy East
MONTREAL - All future National Energy Board hearings into the Energy East pipeline project will be suspended until the board rules on motions demanding two panel members resign, the federal agency announced Tuesday. The board received the motions after a news report revealed the two members met in early 2015 with ex-Quebec premier Jean Charest, who was at the time a paid lobbyist for TransCanada, the company behind the project. "Given that the board has invited written comments [Read more]
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