London, Ontario (FSCwire) - Tribute Resources Inc. (TSX-V:TRB) (“Tribute” or the “Company”) announces the execution of the final agreements to complete the remaining two sales transactions for the Tribute reorganization. In the first transaction, Tribute sold all of its remaining oil and natural gas production assets, related equipment and undesignated natural gas storage assets which were directly held by Tribute to ON-Energy Corp. (“ON”). In the second transaction, Tribute sold all of the [Read more]
Archives for November 2017
Enbridge Announces 10 Percent Quarterly Dividend Increase for 2018
CALGARY, ALBERTA--(Marketwired - Nov. 29, 2017) - Enbridge Inc. (TSX:ENB) (NYSE:ENB) (Enbridge or the Company) announced today that its Board of Directors has declared a quarterly dividend of $0.671 per common share, payable on March 1, 2018 to shareholders of record on February 15, 2018. The declared dividend represents a 10 percent increase from the prior quarterly rate and the twenty-third consecutive year in which the Company has increased its common share dividend. DIVIDEND [Read more]
Enbridge Completes Strategic Plan and Financial Outlook; Announces Dividend Increase of 10% for 2018 and Confirms Growth Through 2020
CALGARY, ALBERTA--(Marketwired - Nov. 29, 2017) - Enbridge Inc. (Enbridge or the Company) (TSX:ENB)(NYSE:ENB) today announced the finalization of its strategic plan and outlook (the Plan) following the merger with Spectra Energy, which closed on February 27, 2017. The Plan includes a three-year financial outlook covering 2018 - 2020. The following summarizes the key elements of the Plan, which will be further discussed at the Company's investor conferences on December 12th and 13th, in New York [Read more]
Enbridge announces offering of CDN$1.5 billion of common shares by private placement
CALGARY, ALBERTA--(Marketwired - Nov. 29, 2017) - Enbridge Inc. (TSX:ENB) (NYSE:ENB) today announced that it has entered into subscription agreements with three large institutional investors to issue 33,456,003 common shares from treasury, on a private placement basis, at a price of CDN$44.84 per common share, for gross proceeds of approximately CDN$1.5 billion (the Offering). The proceeds from the Offering will be used to pay down short term indebtedness pending investment in capital [Read more]
Enbridge Income Fund Holdings Inc. Announces $500 Million Common Share Offering
CALGARY, ALBERTA--(Marketwired - Nov. 29, 2017) - Enbridge Income Fund Holdings Inc. (the "Company") (TSX:ENF) today announced that it has entered into an agreement with a syndicate of underwriters led by Scotiabank, RBC Capital Markets and TD Securities Inc., for the purchase and distribution to the public of 17,986,000 common shares ("Common Shares") at a price of $27.80 per Common Share (the "Offering Price") for gross proceeds of $500,010,800 (the "Offering"). The underwriters were also [Read more]
Imperial announces appointment of David W. Cornhill to its board of directors
CALGARY, Nov. 29, 2017 /CNW/ - Imperial Oil Limited is pleased to announce the appointment of David W. Cornhill to Imperial's board. Mr. Cornhill is currently the chairman of the board and founder of AltaGas Ltd. Mr. Cornhill founded AltaGas on April 1, 1994 and served as chairman of the board and chief executive officer until April 15, 2016. Mr. Cornhill has over 35 years of experience with leading energy and energy infrastructure companies, and more than 25 years in C-suite [Read more]
Canada says it supports Kinder Morgan’s Trans Mountain pipeline appeal
Canada's federal government said on Wednesday it supports Kinder Morgan Canada Ltd's second appeal to the country's energy regulator over local permits for its planned Trans Mountain oil pipeline expansion project. Kinder Morgan has been pushing its C$7.4 billion ($5.9 billion) federally approved pipeline in an increasingly public way, repeatedly seeking regulatory intervention amid increased roadblocks with lower governments and environmentalist and aboriginal opposition. [Read more]
Canada says it supports Kinder Morgan’s Trans Mountain pipeline appeal
CALGARY, Alberta, Nov 29 (Reuters) - Canada’s federal government said on Wednesday it supports Kinder Morgan Canada Ltd’s second appeal to the country’s energy regulator over local permits for its planned Trans Mountain oil pipeline expansion project. Kinder Morgan has been pushing its C$7.4 billion ($5.9 billion) federally approved pipeline in an increasingly public way, repeatedly seeking regulatory intervention amid increased roadblocks with lower governments and environmentalist and [Read more]
Panhandle Oil and Gas Inc. Announces Fiscal 2017 Financial Results Release Date
OKLAHOMA CITY, Nov. 29, 2017 /PRNewswire/ -- PANHANDLE OIL AND GAS INC. (NYSE: PHX) announced today that it plans to release results for its fiscal 2017 year ended Sept. 30, 2017, on Tuesday, Dec. 12, 2017. Panhandle Oil and Gas Inc. (NYSE: PHX) is engaged in the exploration for and production of natural gas and oil. Additional information on the Company can be found on the Internet at www.panhandleoilandgas.com. SOURCE PANHANDLE OIL AND GAS INC. [Read more]
Devon Energy Announces First-Quarter 2018 Cash Dividend for Common Stockholders
OKLAHOMA CITY--(BUSINESS WIRE)--Devon Energy Corp. (NYSE: DVN) announced today that its board of directors has declared a quarterly cash dividend on Devon’s common stock for the first quarter of 2018. The dividend is payable on March 29, 2018, at a rate of $0.06 per share based on a record date of March 15, 2018. About Devon Energy Devon Energy is a leading independent energy company engaged in finding and producing oil and [Read more]
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