Canadian Natural Resources Ltd on Thursday reported a third-quarter profit, rebounding from a year-ago loss, helped by higher production and average realized prices for crude oil and natural gas liquids (NGL). Oil and natural gas production rose 40.9 percent to 1.04 million barrels of oil equivalent per day (boepd) in the quarter, Canada's largest independent petroleum producer said. The realized price of crude oil and NGL averaged C$46.30, an increase of 16.8 percent from the year-ago [Read more]
Archives for November 2017
Cenovus Energy reports $69M third-quarter loss, production more than doubles
CALGARY - Two Calgary-based oilsands producers reported huge production gains in their most recent quarters after spending billions of dollars last spring to buy assets from foreign companies anxious to exit the northern Alberta heavy oil resource. Canadian Natural Resources Ltd. (TSX:CNQ) said Thursday that for the first time, its output averaged more than one million barrels of oil equivalent per day during its third quarter ended Sept. 30. Production was up 41 per cent from the [Read more]
Canadian Natural Resources Limited Announces Quarterly Dividend
CALGARY, ALBERTA--(Marketwired - Nov. 2, 2017) - Canadian Natural Resources Limited (TSX:CNQ)(NYSE:CNQ) announces its Board of Directors has declared a quarterly cash dividend on its common shares of C$0.275 (twenty-seven and one half cents) per common share. The dividend will be payable January 1, 2018 to shareholders of record at the close of business on December 12, 2017. Canadian Natural is a senior oil and natural gas production company, with continuing operations in its [Read more]
Canadian Natural Resources Limited Announces 2017 Third Quarter Results
CALGARY, ALBERTA--(Marketwired - Nov. 2, 2017) - Commenting on Company results, Steve Laut, President of Canadian Natural (TSX:CNQ)(NYSE:CNQ) stated, "Canadian Natural has reached a major milestone with the successful completion of the Phase 3 expansion at our world class Horizon Oil Sands Mining and Upgrading asset, a significant event. The completion of the Phase 3 expansion also marks the final step of our transition to a long life low decline asset base. High value upgraded products will [Read more]
Apache Corporation Releases Third Quarter 2017 Financial and Operational Results
HOUSTON, Nov. 02, 2017 (GLOBE NEWSWIRE) -- Apache Corporation (NYSE:APA) (Nasdaq:APA) today announced third-quarter 2017 financial and operational results on its website at www.apachecorp.com or investor.apachecorp.com as well as on Twitter (@ApacheCorp). There will be a conference call to discuss the results at 1 p.m. Central time. The conference call will be webcast from the website, and the webcast replay will be archived there as well. The conference call will also be available for playback [Read more]
TransGlobe Energy Corporation Announces Release Date of Third Quarter 2017 Results and Conference Call
CALGARY, Alberta, Nov. 02, 2017 (GLOBE NEWSWIRE) -- TransGlobe Energy Corporation (“TransGlobe”) (TSX:TGL) (NASDAQ:TGA) will announce its third quarter 2017 financial and operating results on Thursday November 9, 2017 before the opening of the stock markets. A conference call and webcast to discuss the results will be held the same day: Time: 8:00 a.m. Mountain Time (10:00 a.m. Eastern Time)Dial-in: Canada/US: (416) 340-2218 or toll-free at 1-800-377-0758International [Read more]
Emission-cutting policies expected to close refineries, new report says
CALGARY - The Carbon Tracker Initiative says about 100 of the world's refineries may be forced to shut down in the next 18 years due to shrinking fuel demand as carbon emissions reduction policies are implemented. But the London-based environmental group says Canadian refineries are among the most likely to remain open as they pay less for the oilsands crude they use, which means their refining operations have healthier profit margins than many others. Author Andrew Grant says [Read more]
Toscana Energy Announces Sale of Non-Core Undeveloped Land
CALGARY, AB--(Marketwired - November 01, 2017) - Toscana Energy Income Corporation ("Toscana Energy" or the "Company") (TSX: TEI) is pleased to announce that it has entered into a Purchase and Sale Agreement to sell 13 sections of undeveloped land in Northern Alberta (the "Assets") to a private company for total cash consideration of $1.6 million subject to normal industry conditions. Proceeds of this sale will be initially utilized to reduce the Company's outstanding credit facilities and then [Read more]
Energy Transfer Partners and Energy Transfer Equity Correct Ex-Dividend Date of Quarterly Cash Distributions
Ex-Dividend Date is November 6, 2017 for both Partnerships DALLAS--(BUSINESS WIRE)--Energy Transfer Partners, L.P. (NYSE: ETP) and Energy Transfer Equity, L.P. (NYSE: ETE) today announced that the ex-dividend date for their respective quarterly cash distributions for the third quarter ended September 30, 2017 is November 6, 2017 and not November 3, 2017 as previously reported in the partnerships’ press releases on October 26, 2017. The [Read more]
Whitecap Resources Inc. Announces Third Quarter 2017 Results, 2018 Per Share Growth and 5% Dividend Increase Within Funds Flow
CALGARY, Nov. 1, 2017 /CNW/ - Whitecap Resources Inc. ("Whitecap" or the "Company") (TSX: WCP) is pleased to report its operating and unaudited financial results for the three and nine months ended September 30, 2017. Selected financial and operating information is outlined below and should be read with Whitecap's unaudited interim consolidated financial statements and related Management's Discussion and Analysis ("MD&A") which are available at www.sedar.com and on our website at [Read more]