CALGARY, ALBERTA--(Marketwired - Nov. 30, 2016) - Birchcliff Energy Ltd. ("Birchcliff") (TSX:BIR) today announced that its Board of Directors has declared the following dividends on its outstanding preferred shares: a quarterly cash dividend of $0.50 per share for the calendar quarter ending on December 31, 2016, on Birchcliff's outstanding Cumulative Redeemable Preferred Shares, Series A. The dividend is payable on January 3, 2017 to shareholders of record as at [Read more]
Archives for November 2016
Alta Mesa Holdings, LP Commences Tender Offer for 9.625% Senior Notes due 2018
HOUSTON, Nov. 30, 2016 (GLOBE NEWSWIRE) -- Alta Mesa Holdings, LP (“Alta Mesa” or the “Company”) today announced that it has commenced a cash tender offer for any and all of the outstanding $450,000,000 aggregate principal amount of the 9.625% senior notes due 2018 (CUSIP No. 021332 AC5) (the “Notes”) issued by Alta Mesa and Alta Mesa Finance Services Corp., co-issuer of the Notes, on the terms and subject to the conditions set forth in the Offer to Purchase, dated the date hereof (the “Offer [Read more]
Alta Mesa Holdings, LP Launches Private Offering of $450 Million Aggregate Principal Amount of Senior Notes Due 2024
HOUSTON, Nov. 30, 2016 (GLOBE NEWSWIRE) -- Alta Mesa Holdings, LP (“Alta Mesa”) announced today that it and its wholly-owned subsidiary, Alta Mesa Finance Services Corp., intend to commence a private offering to eligible purchasers under Rule 144A and Regulation S of the Securities Act of 1933, as amended (the “Securities Act”), subject to market or other conditions, of $450 million aggregate principal amount of senior unsecured notes due 2024. Concurrently with this offering, Alta Mesa [Read more]
Oil prices skyrocket amid OPEC’s announcement
OPEC has agreed to reduce production to 32.5 million barrels a day, two delegates to ministerial talks in Vienna told Bloomberg on Wednesday. The pact is likely to include an additional 600,000 barrels a day of cuts from non-OPEC suppliers. WTI for January delivery rose as much as $3.89 to $49.12 a barrel on NYMEX this morning. Brent crude jumped 7.8 percent to $50.02 at 1:36 p.m. in London. Futures jumped as much as 8.6 percent, the most since Feb. 12. Adding to the recent OPEC [Read more]
B.C. Liberal MPs bracing for constituents after Kinder Morgan pipeline approval
OTTAWA - Justin Trudeau's promise to let backbenchers to be the voice of their constituents in Ottawa is being tested as B.C. Liberal MPs grapple with the political fallout from the decision to approve Kinder Morgan's Trans Mountain pipeline. A number of the Liberals' 17 MPs from the province frankly acknowledged Wednesday that they're disappointed with the decision, which they said is deeply unpopular with many of their constituents. And at least one backbencher, Vancouver's [Read more]
Tourmaline Oil Corp. closes acquisition from Shell Canada
CALGARY, Nov. 30, 2016 /CNW/ - Tourmaline Oil Corp. (TSX:TOU) ("Tourmaline" or the "Company") is pleased to announce that it has closed the previously announced acquisition from Shell Canada Energy ("Shell Canada"). The Company has acquired strategic assets located in the Alberta Deep Basin (the "Deep Basin Assets") and the North East British Columbia Gundy area (the "Montney Assets") for total consideration of $1.369 billion, including cash consideration of $1.0 billion and 10,017,938 [Read more]
Devon Energy Announces First-Quarter 2017 Cash Dividend for Common Stockholders
OKLAHOMA CITY--(BUSINESS WIRE)--Devon Energy Corp. (NYSE: DVN) today announced that its board of directors has declared a quarterly cash dividend on Devon’s common stock for the first quarter of 2017. The dividend is payable on March 31, 2017, at a rate of $0.06 per share based on a record date of March 15, 2017. About Devon Energy Devon Energy is a leading independent energy company engaged in finding and producing oil and [Read more]
Pipeline approval does not equal pipeline construction: Why Trudeau’s announcement is meaningless
The few pro-oil and gas supporters of Premier Notley and Prime Minister Trudeau claimed victory yesterday as the PM announced the federal government approval of Kinder Morgan's Trans Mountain pipeline. Of course most of these people were silent when Prime Minister Harper approved several pipelines. Silence was, and is, actually the appropriate reaction--and Trudeau and Notley supporters should learn to be consistent with their tone. If they were, they would express disappointment at the denial [Read more]
Energy exports help economy bounce back with 3.5% growth in third quarter
OTTAWA - The Canadian economy slightly exceeded expectations in the third quarter to grow at its fastest pace in more than two years and rebound from a second-quarter contraction. The country's real gross domestic product expanded at an annual rate of 3.5 per cent with help from a strong performance in energy exports, Statistics Canada said Wednesday. Experts had long predicted a bounce back from a second-quarter slump, which was largely due to oil-production shutdowns linked to [Read more]
Virginia Hills Oil Corp. Announces Third Quarter of 2016 Results and General Operation Update
CALGARY, ALBERTA--(Marketwired - Nov. 30, 2016) - Virginia Hills Oil Corp. (TSX VENTURE:VHO) ("Virginia Hills" or the "Company") announces its operating and financial results as at and for the three and nine months ended September 30, 2016, and provides a general corporate operational. The Company's unaudited interim financial statements and related Management's Discussion and Analysis ("MD&A") for the three and nine months ended September 30, 2016 are available on the System for Electronic [Read more]
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