CALGARY, Alberta, March 01, 2018 (GLOBE NEWSWIRE) -- Point Loma Resources Ltd. (TSX VENTURE:PLX) (the “Corporation” or “Point Loma”) is pleased to announce that it has entered into a definitive agreement to acquire oil and gas assets from a private oil and gas company involved in a receivership process, effective date November 1, 2017 (the “Acquisition”). The purchase price of the Acquisition is subject to court approval and closing is anticipated to be in March, 2018. Highlights (figures [Read more]
Archives for March 2018
Relentless Resources Announces Increase to Previously Announced Private Placement
CALGARY, ALBERTA--(Marketwired - March 1, 2018) - Relentless Resources Ltd. ("Relentless" or the "Company") (TSX VENTURE:RRL) is pleased to announce that, as a result of excess demand, the Company has increased the size of its previously announced private placement of units of the Company ("Units") from $7,500,000 to $8,250,000 (the "Private Placement"). As previously disclosed, each Unit will be comprised of one Common Share and, in the case of subscriptions by directors, officer and other [Read more]
Crescent Point Energy Announces Filing of 2017 Annual Information Form and Form 40-F
CALGARY, Alberta, March 01, 2018 (GLOBE NEWSWIRE) -- Crescent Point Energy Corp. (“Crescent Point” or the “Company”) (TSX:CPG) (NYSE:CPG) today announces the filing of its Annual Information Form (“AIF”) for the year ended December 31, 2017, with the Canadian securities regulatory authorities on the System for Electronic Analysis and Retrieval (“SEDAR”). In addition, Crescent Point has filed its Form 40-F for the year ended December 31, 2017, which includes the AIF, with the United States [Read more]
Husky Energy Announces Fourth Quarter 2017 Dividend and First Quarter 2018 Preferred Shares Dividend Payments
CALGARY, Alberta, March 01, 2018 (GLOBE NEWSWIRE) -- The Board of Directors of Husky Energy (TSX:HSE) has declared a quarterly dividend of $0.075 (Cdn) per common share for the three-month period ended December 31, 2017. The dividend will be payable on April 2, 2018 to shareholders of record at the close of business on March 20, 2018. Regular dividend payments on each of the Cumulative Redeemable Preferred Shares – Series 1, Series 2, Series 3, Series 5 and Series 7 – will be paid for the [Read more]
Husky Energy Establishes Cash Dividend; Reports Fourth Quarter 2017 and Annual Results
CALGARY, Alberta, March 01, 2018 (GLOBE NEWSWIRE) -- Husky Energy (TSX:HSE) has established a quarterly cash dividend of $0.075 per common share. Funds from operations were more than $1 billion in the fourth quarter and free cash flow was $294 million, excluding acquisitions and dispositions. Annual funds from operations were $3.3 billion, up 50 percent year over year, and free cash flow was $1.1 billion, up 120 percent over 2016. Net earnings in the fourth quarter were $672 million, including [Read more]
Bonterra Energy Corp. Confirms Cash Dividend for February 2018 Payable March 29th, 2018
CALGARY, Alberta, March 01, 2018 (GLOBE NEWSWIRE) -- Bonterra Energy Corp. (www.bonterraenergy.com) (TSX:BNE) (“Bonterra” or the “Company”) announces that the February 2018 monthly cash dividend will be $0.10 per share and will be paid on March 29th, 2018. The record date for the dividend is March 15th, 2018 and the ex-dividend date is March 14th, 2018. The dividend is paid monthly and is subject to commodity prices and production levels. The dividend is considered an "eligible dividend" [Read more]
P2 announces the launch of Qbyte FM 2.0
Fully modernized but not re-invented, the oil & gas industry’s leading financial management solution just got even better CALGARY – P2 Energy Solutions, the leading developer of management software for Canada’s oil & gas industry, today announced a major upgrade of its flagship Qbyte Financial Management solution. Qbyte FM 2.0 sports a major refresh in the software’s interface and usability, while preserving all the rich functionality that has made it far and away the market leader [Read more]
Canadian Natural’s fourth-quarter adjusted earnings rise but net profit down
CALGARY - Oilsands giant Canadian Natural Resources Ltd. says it is moving up planned maintenance shutdowns at its heavy oil projects in northern Alberta and will slow down production from new wells to avoid selling the product at current poor prices. On a conference call to discuss fourth-quarter earnings that beat analyst expectations, the Calgary-based company said Thursday it plans to drill only 59 net Alberta heavy oil wells in the current quarter, down from 116 drilled in the [Read more]
Crescent Point Announces Year-End 2017 Results With Strong Cash Flows, Record Reserves of Over 1 Billion Boe and 152 Percent Organic Replacement of Production
CALGARY, Alberta, March 01, 2018 (GLOBE NEWSWIRE) -- Crescent Point Energy Corp. ("Crescent Point" or the "Company") (TSX:CPG) (NYSE:CPG) is pleased to announce its operating and financial results for the year ended December 31, 2017. KEY HIGHLIGHTS Exceeded production guidance and achieved exit production growth of approximately 10 percent per share. Increased fourth quarter 2017 funds flow from operations by 17 percent per share and reduced net debt by $111.0 million. Transacted [Read more]
Why you need to incorporate ARO into your A&D analysis: An LLR vs ARO Case Study Presentation
XI Technologies invites Business Development, Finance, and Risk Management professionals working in the Alberta oil and gas sector to attend a free case study presentation outlining the key differences between the two most common methods of estimating the retirement liabilities of an asset during the M&A process. While capital markets appear to be loosening slightly in 2018, investors are keenly aware of the growing importance of Liability Management and will be insisting on a clear, [Read more]