BOE Report

Archives for 2016

Enbridge and Spectra Energy to Combine to Create North America’s Premier Energy Infrastructure Company with C$165 Billion Enterprise Value

Transaction creates increased scale, asset diversity, financial flexibility and an industry leading secured project portfolio and development project inventory Highlights: Creates largest energy infrastructure company in North America with C$165[1] billion (US$127 billion) enterprise value Anticipated 15 percent annualized dividend increase in 2017 and annual 10-12 percent dividend growth thereafter through 2024. Industry leading secured project and risked development inventory of [Read more]

Enbridge and Spectra Energy to Combine to Create North America’s Premier Energy Infrastructure Company with C$165 Billion Enterprise Value

CALGARY, ALBERTA and HOUSTON, TEXAS--(Marketwired - Sept. 6, 2016) - Highlights: Creates largest energy infrastructure company in North America with C$1651 billion (US$127 billion) enterprise value Anticipated 15 percent annualized dividend increase in 2017 and annual 10-12 percent dividend growth thereafter through 2024. Industry leading secured project and risked development inventory of C$74 billion (US$57 billion) with C$26 billion (US$20 [Read more]

Kaymus Resources Inc. Announces Closing of Non-brokered Private Placement and Shares for Debt Transaction

CALGARY, ALBERTA--(Marketwired - Sept. 6, 2016) - Kaymus Resources Inc. (the "Company") (NEX:KYS.H) announces that it has completed its previously announced non-brokered private placement of 4,600,000 units (the "Units") at a price of $0.05 per Unit for gross proceeds of $230,000. Each Unit is comprised of one common share (a "Common Share"), and one Common Share purchase warrant (a "Warrant") with an exercise price $0.05 per warrant, expiring 24 months from the date of grant (the "Offering"). [Read more]

Trident Exploration Corp Announces New Board of Directors

CALGARY, Sept. 5, 2016 /CNW/ - Trident Exploration Corp. ("Trident" or the "Company") is pleased to announce changes in ownership and introduce its new board of directors. Upon completion of the Company's recapitalization scheduled for September 6, 2016, certain funds managed by Origami Capital Partners ("Origami"), a registered investment advisor based in Chicago, Illinois with investments of over US$700 million since its inception in 2008, will hold a majority of Trident's issued and [Read more]

Trident Exploration Corp Announces New Board of Directors

CALGARY, Sept. 5, 2016 /CNW/ - Trident Exploration Corp. ("Trident" or the "Company") is pleased to announce changes in ownership and introduce its new board of directors. Upon completion of the Company's recapitalization scheduled for September 6, 2016, certain funds managed by Origami Capital Partners ("Origami"), a registered investment advisor based in Chicago, Illinois with investments of over US$700 million since its inception in 2008, will hold a majority of Trident's issued and [Read more]

Anti-Oil Pipeline Protest Turns Violent, As Protesters Clash With Security Officials

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A protest of the multi-state, $3.8 million oil pipeline turned violent Saturday when members of a Native American tribe in North Dakota and private security forces clashed as construction crews began work on the project. Morton County Sheriff’s Office spokeswoman Donnell Preskey told reporters four security guards not affiliated with law enforcement and two guard dogs were injured as several hundred protesters living in the Standing Rock Sioux reservation confronted pipeline workers at the [Read more]

Iran Is Back In The Global Oil Game

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Iranian oil production is surging after President Barack Obama ended years of sanctions, according to data compiled by Bloomberg. Production is almost at 2011 levels, sparking conflict with the country’s rivals in the global oil market. #Iran tells #APPEC forum it's ready to raise #oil output to 4m b/d within 2-3 months #OOTT #OPEC #SaudiArabia pic.twitter.com/6en4LbcpGN — Javier Blas (@JavierBlas2) September 5, 2016 Iranian oil will certainly make the already sour relationship with Saudi [Read more]

‘A poke in the ribs:’ Group pitches equalization for pipelines to Ottawa

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CALGARY - A group that represents oilfield service and supply companies asked Ottawa earlier this year to use equalization payments as leverage to get reluctant provinces onside with pipeline projects. The Petroleum Services Association of Canada made the pitch last February as part of its federal budget submission, which was obtained by The Canadian Press through an access-to-information request. The association recommended that the federal government "amend equalization [Read more]

US crude exports competitive to Asia-Pacific, new delivered Argus prices show

SINGAPORE, Sept. 5, 2016 /PRNewswire/ -- A drop in global shipping costs and competitive pricing of crude produced in North America is opening the door for US crude exports to reach Asia-Pacific more economically than rival grades from elsewhere in the Atlantic basin, including the North Sea and west Africa, according to a comparison of delivered crude prices launched by global commodity market price reporting agency Argus this month. US crude exports to countries other than Canada soared to [Read more]

Five things to watch for in the Canadian business world in the coming week

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TORONTO - Five things to watch this week in Canadian business: Auto Talks: Unifor, which represents some 23,000 workers at Ford, General Motors and Fiat Chrysler, will announce on Tuesday which of those automakers will be its target company in the opening round of negotiations for a collective agreement. The union says it plans to use the contract it reaches with that company as a template heading into talks with the other automakers. Pipeline Politics: The National Energy [Read more]