CALGARY, ALBERTA--(Marketwired - April 3, 2017) - Birchcliff Energy Ltd. ("Birchcliff") (TSX:BIR) is pleased to announce that Mr. Seymour Schulich has informed Birchcliff that he recently acquired control and direction over an additional 500,000 common shares of Birchcliff through the facilities of the Toronto Stock Exchange at a purchase price of $7.67 per common share. As a result of this purchase, Mr. Schulich now beneficially owns or exercises control or direction over a total of 38,000,000 [Read more]
Archives for April 2017
Sproule Acquires Niven Fischer
CALGARY, Alberta, CANADA – April 3, 2017 – Sproule, a leading geoscience and engineering advisory firm in the oil and gas sector is pleased to announce the acquisition of Niven Fischer. Niven Fischer is a Calgary-based oil & gas consulting firm, providing technical, advisory and administrative support to the oil & gas industry since 1998. They offer a turnkey oil and gas management team that employs best practices in a cost-effective manner to efficiently manage client’s oil and gas [Read more]
Kayne Anderson Midstream/Energy Fund Announces Distribution of $0.35 per Share for Q1 2017
HOUSTON--(BUSINESS WIRE)--Kayne Anderson Midstream/Energy Fund, Inc. (the “Fund”) (NYSE: KMF) announced today its quarterly distribution of $0.35 per share for the quarter ended February 28, 2017. The distribution will be payable on April 21, 2017 to common stockholders of record on April 13, 2017, with an ex-dividend date of April 11, 2017. The Fund estimates that 70% of this distribution will be treated as a return of capital for tax purposes. [Read more]
AltaGas Ltd. Announces Simplified Sale Program
CALGARY, ALBERTA--(Marketwired - April 3, 2017) - AltaGas Ltd. ("AltaGas") (TSX:ALA) announced today it is initiating a simplified sale program for eligible holders of common shares of AltaGas. The program benefits shareholders who hold 99 or fewer shares (an "odd lot holding"), and want to sell their shares without paying brokerage commissions. Additionally, it provides a participant, who does not already have a brokerage account, with the ability to sell their shares without incurring the [Read more]
Cimarex Launches Tender Offer for Any and All of its 5.875% Senior Notes Due 2022
DENVER, April 3, 2017 /PRNewswire/ -- Cimarex Energy Co. (NYSE: XEC) ("Cimarex") today announced that it has commenced a cash tender offer to purchase any and all of its 5.875% Senior Notes due 2022 (the "2022 Notes"). As of April 3, 2017, Cimarex had $750 million aggregate principal amount of the 2022 Notes outstanding. The tender offer is being made pursuant to an Offer to Purchase and a related Letter of Transmittal, each dated as of April 3, 2017, and a Notice of Guaranteed Delivery. The [Read more]
Cabot Oil & Gas Corporation Announces First Quarter 2017 Earnings Release Date and Conference Call
HOUSTON, April 3, 2017 /PRNewswire/ -- Cabot Oil & Gas Corporation (NYSE: COG) will host its first quarter 2017 earnings conference call on Friday, April 28, 2017 at 9:30 a.m. Eastern Time. The Company plans to issue its financial and operating results prior to the market opening on the same day. To access the live audio webcast, please visit the Investor Relations section of the Company's website at www.cabotog.com. A replay of the call will also be available on the Company's website. Cabot [Read more]
Delphi Energy Corp. Hires Mark Behrman as Chief Financial Officer
CALGARY, ALBERTA--(Marketwired - April 3, 2017) - Delphi Energy Corp. (TSX:DEE) ("Delphi" or the "Company") today announced that it has appointed Mark Behrman as Chief Financial Officer ("CFO"). Mr. Behrman is an accomplished finance professional with extensive senior leadership, capital markets, entrepreneurial and field experience. Most recently, Mr. Behrman spent nine years as CFO of Sea NG Corporation of Calgary, a private company involved in the development and commercialization of [Read more]
Pine Cliff Energy Ltd. Announces Extension of Borrowing Base Redetermination
CALGARY, ALBERTA--(Marketwired - April 3, 2017) - Pine Cliff Energy Ltd. ("Pine Cliff" or the "Company") (TSX:PNE) announces that at the request of its banking syndicate of Canadian financial institutions, it has extended its semi-annual borrowing base redetermination until April 13, 2017. About Pine Cliff Pine Cliff is an Alberta based natural gas company that is focused on acquiring and developing long life assets that are cash flow positive even in a low commodity [Read more]
Bonterra Energy Corp. Confirms Cash Dividend for March 2017 Payable April 28, 2017
CALGARY, ALBERTA--(Marketwired - April 3, 2017) - Bonterra Energy Corp. (www.bonterraenergy.com) (TSX:BNE) announces that the March 2017 monthly cash dividend will be $0.10 per share and will be paid on April 28, 2017. The record date for the dividend is April 17, 2017 and the ex-dividend date is April 12, 2017. The dividend is paid monthly and is subject to commodity prices and production levels. The dividend is considered an "eligible dividend" for tax purposes. Bonterra [Read more]
Zargon Announces Completion of Redemption Auction
CALGARY, ALBERTA--(Marketwired - April 3, 2017) - Zargon Oil & Gas Ltd. ("Zargon" or the "Company") (TSX:ZAR)(TSX:ZAR.DB) announces that it has taken up $15.56 million aggregate principal amount of its 6.00% convertible unsecured subordinated debentures (the "Debentures") at tender prices ranging from $890 to $1,000 per $1,000 principal amount of Debentures, for a total cash consideration of $14.84 million, which is equivalent to an average cost of $954 per debenture. The redemption of the [Read more]