CALGARY, ALBERTA--(Marketwired - Aug. 2, 2016) - All financial figures are in Canadian dollars Gibson Energy Inc. ("Gibsons" or the "Company") (TSX:GEI) announced today that its Board of Directors has approved a quarterly dividend of $0.33 per common share payable on October 17, 2016, to shareholders of record at the close of business on September 30, 2016. This dividend is designated as an eligible dividend for Canadian income tax purposes. For non-resident shareholders, [Read more]
Archives for August 2016
Gibsons Reports Financial Results for Second Quarter 2016 and Confirms Growth Capital Spending Guidance for 2016 and 2017
CALGARY, ALBERTA--(Marketwired - Aug. 2, 2016) - All financial figures are in Canadian dollars Gibson Energy Inc. ("Gibsons" or the "Company") (TSX:GEI) announced today operating and financial results for the three months ended June 30, 2016. Highlights: Adjusted EBITDA(1) of $44 million in the second quarter of 2016 was supported by strong performance of the Infrastructure segment despite overall results being negatively impacted by a management estimated $10 million related to [Read more]
Interim water sample results coming Wednesday after Saskatchewan oil spill
PRINCE ALBERT, Sask. - Washing machines that normally churn with clothes and linens at Marlin Labossiere's laundromat have been sitting idle for nearly two weeks because of an oil spill on the North Saskatchewan River. "Well I'm shut down completely, so it's affected myself and my daughter who are both involved with the laundromat and also staff too," Labossiere said Tuesday. "I can't give them any time of work or anything like that, so they're suffering too." [Read more]
TransCanada to develop US$800M energy storage and transportation project in Mexico
CALGARY - TransCanada Corp. says it's investing more in Mexico with plans to develop an US$800-million refined fuel storage and transportation project. The Calgary-based company (TSX:TRP) is partnering with Sierra Oil and Gas and Grupo TMM on the project that will have TransCanada holding a 50 per cent interest. The deal includes a marine terminal near Tuxpan, Veracruz, 265 kilometres of pipeline, and an inland storage and distribution hub in central Mexico. TransCanada [Read more]
While everyone is freaking out about pipelines, Rio de Janeiro keeps pumping raw sewage into its water
The latest pipeline leak in Saskatchewan has many people expressing their concern over the effects that crude oil has on the environment. As with any leak, those opposing pipeline development use the news as fresh evidence in their attempts to convince the world that pipelines mean nothing but harm to society at large. This is, of course, despite the fact that any such leak or compromise in a pipeline's structural integrity occurs in exceptionally rare circumstances. As Yogi Schulz pointed out, [Read more]
Contango Announces Second Quarter Earnings, Conference Call and Investor Presentation Schedule
HOUSTON--(BUSINESS WIRE)--Contango Oil & Gas Company (NYSE MKT: MCF) announced today it expects to issue its second quarter 2016 earnings release on Wednesday, August 3, 2016. In conjunction with the release, Contango will conduct a conference call to discuss the contents of that release on Thursday, August 4, 2016 at 9:30am Central Daylight Time. Those interested in participating in the earnings conference call may do so by calling the [Read more]
Quantum Energy, Inc. Completes Acquisitions
TEMPE, AZ--(Marketwired - Aug 2, 2016) - Quantum Energy, Inc. (OTC PINK: QEGY), a diversified energy holding company, is pleased to announce that it has begun to diversify its refinery development plan through the acquisition of opportunistic projects which generate revenue for the company. The first such projects are oil and gas prospects and properties. QEGY has simultaneously acquired a company with approximately 3,000 acres and 89 well bores in the Texas Panhandle along with an approximate [Read more]
Pine Cliff Energy Ltd. Announces Issuance of Insider Subordinated Debt, Sale of Non-Core Assets and Extension of Borrowing Base Redetermination
CALGARY, ALBERTA--(Marketwired - Aug. 2, 2016) - Pine Cliff Energy Ltd. ("Pine Cliff" or the "Company") (TSX:PNE) is pleased to announce that it has issued subordinated floating charge debentures to insiders of the Company for a total of $11 million (the "Debentures"), entered into a purchase and sale agreement to sell a non-core oil asset for $5.5 million (the Disposition") and extended its semi-annual borrowing base redetermination with its banking syndicate of Canadian Financial Institutions [Read more]
Erin Energy Announces Release Date and Conference Call Information for Second Quarter Financial and Operational Results
HOUSTON--(BUSINESS WIRE)--Erin Energy Corporation (Erin Energy or the Company) (NYSE MKT:ERN) (JSE:ERN) has scheduled release of its 2016 second-quarter results to occur after close of market on Monday, August 8, 2016. The Company will host a conference call on Tuesday, August 9, 2016 at 10:00 a.m. CT (11:00 a.m. ET) to discuss the results and update its current operations. The dial-in number to access the conference call is 1-844-883-3907 in [Read more]
Quattro Signs Letter of Intent to Sell Oil And Natural Gas Properties in Western Canada for $24,250,000
CALGARY, Alberta, Aug. 02, 2016 (GLOBE NEWSWIRE) -- Quattro Exploration and Production Ltd. (TSXV:QXP) ("Quattro" or the "Company") is pleased to announce the signing of a Letter of Intent for the sale of certain oil and gas production, facilities and lands in western Canada to an Alberta-based oil and gas exploration and production company (the “Sale”). The aggregate purchase price for the acquisition is $24,250,000 including cash payments totaling $8,000,000, the issuance of $4,000,000 class [Read more]