CALGARY - Oilsands producer Connacher Oil and Gas Ltd. has won court approval for a process to find a buyer or investor that could allow it to emerge from Companies' Creditors Arrangement Act protection after nearly two years. A court ruling Wednesday approves the Calgary-based company's agreement with its first lien lenders — owed about $141 million — to launch a process that envisions a May 23 initial bid deadline and court approval of a transaction in July. An attempt to sell [Read more]
Archives for March 2018
Ensign Closes $25.95 Million Private Placement of Unsecured, Subordinated Convertible Debentures
/NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/ CALGARY, March 29, 2018 /CNW/ - Ensign Energy Services Inc. ("Ensign" or the "Corporation") (TSX: ESI) is pleased to announce the closing of a non-brokered private placement (the "Offering") of unsecured, subordinated convertible debentures of the Corporation (the "Debentures"), for gross proceeds of CAD $25.95 million. The Debentures bear interest from the date of closing at 7.0% per annum, payable [Read more]
Trump tells another tall tale, this one on the Keystone XL pipeline
WASHINGTON - President Donald Trump has just regaled another audience with a tall tale involving Canada, this one about a conversation involving the Keystone XL pipeline he insists never happened. Spoiler alert: it did happen, in his office, with cameras present to record it. On Thursday, the president claimed to an audience in Ohio that he never heard any gratitude from TransCanada Corp., the company behind the controversial project, after he signed an executive order approving the [Read more]
Strategic Oil & Gas Ltd. Announces Annual and Fourth Quarter 2017 Financial and Operating Results
CALGARY, Alberta, March 29, 2018 (GLOBE NEWSWIRE) -- Strategic Oil & Gas Ltd. (“Strategic” or the “Company”) (TSXV:SOG) is pleased to report financial and operating results for the year and three months ended December 31, 2017. Detailed results and additional information are presented in Strategic's consolidated financial statements and related Management's Discussion and Analysis ("MD&A") which will be available through the Company's website at www.sogoil.com and on SEDAR at [Read more]
BlackPearl Resources: Updated Share Capital and Voting Rights for BlackPearl
Calgary, Alberta, March 29, 2018 (GLOBE NEWSWIRE) -- BlackPearl Resources Inc. ("BlackPearl" or the "Company") (TSX: PXX) (NASDAQ Stockholm: PXXS) reports the following, in accordance with the Swedish Financial Instruments Trading Act: As a result of the exercise of stock options, as at March 29, 2018, the number of issued and outstanding shares of the Company is 336,557,573 common shares with voting rights. The information in this release is subject to the disclosure requirements of [Read more]
SM Energy Declares Semi-annual Cash Dividend
DENVER, March 29, 2018 /PRNewswire/ -- SM Energy Company (NYSE: SM) today announces that its Board of Directors has approved a semi-annual cash dividend of $0.05 per share of common stock outstanding. The dividend will be paid on May 9, 2018, to stockholders of record as of the close of business on April 27, 2018. The Company currently has approximately 111.7 million shares of common stock outstanding. ABOUT THE COMPANY SM Energy Company is an independent energy [Read more]
Canada Weekly Rig Count Continues Spring Breakup Decline, Down 27 to 134
Western Canada’s fleet of drilling rigs went down 27, amidst spring breakup, to a current count of 134 according to data collected by Baker Hughes for the week of March 29th. From one week ago, Alberta rig counts decreased from 128 to 114, Saskatchewan's rig count decreased from 14 to 6. Oil drilling went from 93 to 71; gas rigs went down from 68 to 63. View a full breakdown of western Canada’s rig activity. [Read more]
Grain railway backlog another reason to expand oil pipeline: Alberta premier
LETHBRIDGE, Alta. - Alberta Premier Rachel Notley says Canada will continue to have trouble moving grain across the country unless more oil pipelines are built. Notley says moving oil by rail means there are fewer trains to ship grain for export. Grain shipments in Canada have been delayed for the second time in four years as railways grapple with a larger-than-expected grain crop and extreme winter weather. Saskatchewan Premier Scott Moe has said producers are struggling [Read more]
U.S. oil drillers cut rigs for first week in three
U.S. energy companies this week cut oil rigs for the first time in three weeks even as crude prices hover near three-year highs. Drillers cut six oil rigs in the week to March 29, bringing the total count down to 798, General Electric Co's Baker Hughes energy services firm said in its closely followed report on Thursday. Baker Hughes published its North American rig count report on Thursday, one day earlier than usual, due to the Good Friday holiday on March 30. The U.S. rig count, an [Read more]
Inter Pipeline Announces Annual Meeting and First Quarter 2018 Results Conference Call and Webcast
CALGARY, March 29, 2018 /CNW/ - Inter Pipeline Ltd. (TSX: IPL) will announce its first quarter 2018 financial and operating results on May 7, 2018. A conference call and webcast have been scheduled for May 8 at 9:00 a.m. MT (11:00 a.m. ET) for interested shareholders, analysts and media representatives. To participate in the conference call, please dial 1 (888) 231-8191. A replay of the conference call will be available until May 18, 2018 by calling 1 (855) 859-2056. The code for the replay is [Read more]
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