CALGARY, ALBERTA--(Marketwired - Sept. 12, 2016) - Cardinal Energy Ltd. ("Cardinal") (TSX:CJ) confirms that a dividend of $0.035 per common share will be paid on October 17, 2016 to shareholders of record on September 30, 2016 with an ex-dividend date of September 28, 2016. The Board of Directors of Cardinal has declared the dividend payable in either cash or common shares at the election of the shareholder. This dividend has been designated as an "eligible dividend" for Canadian income tax [Read more]
Archives for 2016
Court dismisses B.C. First Nation’s challenge of NEB review for Trans Mountain
VANCOUVER - The Federal Court of Appeal has dismissed a challenge filed by a North Vancouver First Nation that claimed the National Energy Board's review of the Trans Mountain oil pipeline expansion was unlawful. The Tsleil-Waututh Nation filed a challenge of the energy board's review process in April 2014 on the grounds that it violated their aboriginal rights and the Crown had breached its duty to consult. But a three-judge panel of the court has ruled that the First Nation [Read more]
Hunter Oil Corp. Announces Results of AGM
HOUSTON, Sept. 12, 2016 /CNW/ - Hunter Oil Corp. (TSX-V: HOC; OTCQX: HOILD; CUSIP 44570P20; ISIN CA44570P2017) (the "Company") announces the results of its annual general and special meeting (the "AGM") held in Vancouver, British Columbia on September 12, 2016. A total of 6,958,322 common shares were cast at the AGM, representing 86.2% of the votes attached to all outstanding shares as at the record date for the meeting. Shareholders voted in favour of all items of business before the meeting, [Read more]
PDC Energy Announces Pricing of 6.125% Senior Notes Offering
DENVER, Sept. 12, 2016 (GLOBE NEWSWIRE) -- PDC Energy, Inc. ("PDC" or the "Company") (Nasdaq:PDCE) today announced that it has priced an offering of $400 million aggregate principal amount of 6.125% senior unsecured notes due 2024 (the “notes”). The offering is expected to close on or about September 15, 2016, subject to customary closing conditions. PDC intends to use the net proceeds from the offering to fund a portion of the cash consideration payable in the previously announced [Read more]
Energy East pipeline’s chances of being built doubted after panel quits
CALGARY - Doubts are growing over the fate of the Energy East Pipeline after members of the National Energy Board panel examining the project resigned, leaving questions over how the review will proceed. Analyst Dirk Lever of AltaCorp Capital in Calgary said Monday the pipeline regulatory process has become so "murky" and "messy" due to political pressure that it's difficult to say whether any pipeline approval can be assured. "I think everyone just wants to see some clarity on [Read more]
Top EPA Official Slams ‘Dickheads’ At White House For Not Regulating Fracking
A former senior EPA official known for coordinating with environmentalists slammed the White House for pushing back on agency plans to regulate hydraulic fracturing for oil and natural gas, text messages show. Michael Goo, EPA’s policy chief at the time, texted Sierra Club lobbyist John Coequyt that if environmentalists “want any hope of regulation of fracking then give us more time to try and remove the gun from our head and talk sense into OMB dickheads.” “If you want the oil and gas nsps to [Read more]
Vermilion Energy Inc. Announces $0.215 CDN Cash Dividend for October 17, 2016 Payment Date
CALGARY, Sept. 12, 2016 /CNW/ - Vermilion Energy Inc. ("Vermilion") (TSX, NYSE: VET) is pleased to announce a cash dividend of $0.215 CDN per share payable on October 17, 2016 to all shareholders of record on September 22, 2016. The ex-dividend date for this payment is September 20, 2016. This dividend is an eligible dividend for the purposes of the Income Tax Act (Canada). As previously announced, we will be prorating the Premium DividendTM component of our Dividend Reinvestment Plan by [Read more]
Obama Blocks Another Oil Pipeline To Appease The Same Enviros Opposed To Keystone XL
The Obama administration’s decision to block another oil pipeline targeted by environmental activists and some American Indians has set the stage for a major legal and political battle that could rival the fight for the Keystone XL pipeline. Federal agencies blocked the company Energy Transfer from continuing to build the Dakota Access Pipeline Friday until they could determine if any American Indian sacred sites could be damaged by the project. Environmentalists cheered the news. Many of [Read more]
Hemisphere Energy announces 30 day initial production results from its new Atlee Development Well
TSX-V: HME - VANCOUVER, Sept. 12, 2016 /CNW/ - Hemisphere Energy Corporation (TSX-V: HME) ("Hemisphere" or the "Company") is pleased to announce results from its most recent development well which tested production from its Atlee Buffalo Upper Mannville G pool. Following the closing of a private placement with gross proceeds of $1.9 million, Hemisphere drilled its first horizontal development well into the Atlee Buffalo Upper Mannville G pool at the end of July. Total costs to drill, complete, [Read more]
Without pipelines, wood and coal will eventually do the job that renewables cannot
This appears to be an unprecedented time in modern history, where a handful of zealots can wield enough power to derail, well, pretty much whatever they want. Another important pipeline project is in jeopardy, in the US this time, for some vague and not credible historical reasons as well as the grave “concerns about water” that only pipeline foes seem to share. President Obama is blocking a major pipeline out of the Bakken region after pressure from the usual coalition of fossil fuel haters [Read more]
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