SASKATOON, SASKATCHEWAN--(Marketwired - Nov. 30, 2017) - Saturn Oil & Gas Inc. ("Saturn" or the "Company") (TSX VENTURE:SMI)(FRANKFURT:SMK) announces a non-brokered private placement (the "Private Placement") of up to 3,333,333 units (the "Units") at a price of $0.15 per Unit for gross proceeds of up to $500,000. Each Unit consists of a one common share (the "Shares") and one-half of a common share purchase warrant (the "Warrants"). Each whole Warrant will entitle the holder to purchase [Read more]
Archives for November 2017
Birchcliff Energy Ltd. Announces Declaration of Common Share Quarterly Dividend and Preferred Share Dividends
CALGARY, ALBERTA--(Marketwired - Nov. 30, 2017) - Birchcliff Energy Ltd. ("Birchcliff") (TSX:BIR) is pleased to announce that its board of directors has declared the following quarterly cash dividends for the calendar quarter ending December 31, 2017: Shares TSX Stock Symbol Dividend per Share [Read more]
Arctic drilling hits speed bumps in U.S. tax bill
WASHINGTON (Reuters) - A quest by Republicans to open Alaska’s Arctic National Wildlife Reserve was slowed after a nonpartisan Senate official ruled late on Wednesday that the exploration was subject to environmental assessments by the Interior Department. Senator Lisa Murkowski, a Republican from Alaska and the head of the Senate energy panel, has been pushing a measure in the U.S. tax bill that would open a portion of the refuge on the coastal plain to two lease sales in 10 years for [Read more]
Enbridge shares up after it raises dividend, sells shares and plans asset sales
CALGARY - Shares of Enbridge Inc. popped higher in early trading after the company announced plans to raise its dividend, issue shares and sell off at least $3 billion in assets next year. The stock was up $2.72 or about six per cent at $48.47 in trading on the Toronto Stock Exchange on Thursday morning. In a strategic update after markets closed Wednesday, the Calgary-based pipeline company said it has identified $10 billion of what it describes as non-core assets. The [Read more]
OPEC poised to extend oil production cuts to support prices
VIENNA - Key OPEC oil ministers expressed preference Thursday for extending crude output cuts until the end of next year, strengthening expectations that the oil cartel will decide to continue pumping less oil for more dollars. Benchmark crude prices are now close to $60 a barrel, up almost 20 per cent since a year ago, when the Organization of the Petroleum Exporting Countries and their non-OPEC partners agreed to reduce supply by a daily 1.8 million barrels to push up prices. [Read more]
Manitok Energy Inc. Announces Financial Results for the Third Quarter of 2017
Nov. 29, 2017, CALGARY /CNW/ - Manitok Energy Inc. (the "Corporation" or "Manitok") (TSX-V: MEI) announces its financial and operating results for the third quarter of 2017. The full text of Manitok's third quarter results are contained in its unaudited and unreviewed condensed interim consolidated financial statements as at and for the three and nine months ended September 30, 2017 and the related management's discussion and analysis, copies of which are available electronically on [Read more]
Enbridge to pay higher dividends to shareholders next year and sell some assets
CALGARY - Enbridge says it is going to sell off at least $3 billion of its assets next year. The Calgary-based energy giant said it has identified $10 billion of what it describes as non-core assets. Enbridge announced a strategic update late Wednesday to focus the company on its pipeline and utilities businesses following the takeover of U.S -based Spectra Energy earlier this year. "We will rationalize our asset mix to a pure regulated pipeline and utility business [Read more]
Ottawa wants conflict resolution panel for Trans Mountain pipeline project
OTTAWA - The federal government wants to see a new process established to resolve conflicts over permits that Kinder Morgan says is delaying construction on its Trans Mountain pipeline expansion in British Columbia. Natural Resources Minister Jim Carr says the government has written to the National Energy Board, endorsing the creation of a panel that would address conflicts over municipal or provincial permits. Kinder Morgan (TSX:KML) has appealed to the board, arguing Burnaby in [Read more]
Canada backs Kinder Morgan pipeline appeal as related hearings start
Canada's federal government on Wednesday backed Kinder Morgan Canada Ltd's second appeal to the country's energy regulator over local permits for its planned Trans Mountain oil pipeline expansion, as related public hearings began. The government's response in a rare case put before the regulator comes as Kinder Morgan pushes its C$7.4 billion ($5.9 billion) pipeline in an increasingly public way. Since its federal approval last year, the project has run into increased [Read more]
Pembina Pipeline Corporation Approves New Capital Projects and Announces 2018 Capital Program
CALGARY, Nov. 29, 2017 /PRNewswire/ - Pembina Pipeline Corporation ("Pembina" or the "Company") (TSX: PPL; NYSE: PBA) announced that its Board of Directors has approved approximately $400 million of new capital projects, as well as a capital program of approximately $1.3 billion for 2018. "2017 has been a transitional year in Pembina's history," said Mick Dilger, Pembina's President and Chief Executive Officer. "Since the beginning of 2015, we have placed approximately $8 billion of [Read more]
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