CALGARY, May 30, 2018 /CNW/ - Ikkuma Resources Corp. ("Ikkuma" or the "Corporation") (TSXV: IKM) is pleased to report its financial and operating results for the three months ended March 31, 2018. Financial and operational information is set out below and should be read in conjunction with Ikkuma's March 31, 2018 unaudited interim financial statements and the related management's discussion and analysis ("MD&A"). Ikkuma's condensed unaudited interim financial statements and MD&A are [Read more]
Archives for May 2018
NGL Energy Partners LP Announces Fourth Quarter and Fiscal 2018 Financial Results and Initiates Fiscal 2019 Guidance
TULSA, Okla.--(BUSINESS WIRE)--NGL Energy Partners LP (NYSE:NGL) (“NGL,” “our,” “we,” or the “Partnership”) today reported net income for the quarter ended March 31, 2018 of $110.9 million, including an $89.3 million gain on the sale of a portion of our Retail Propane segment, compared to net income for the quarter ended March 31, 2017 of $26.5 million. The Partnership reported a net loss for Fiscal 2018 of $69.6 million. NGL also announced earlier today [Read more]
Noble Energy Elects Barbara J. Duganier to Board of Directors
Houston, May 30, 2018 (GLOBE NEWSWIRE) -- Noble Energy, Inc. (NYSE: NBL) (“Noble Energy” or "the Company") announced the election of Barbara J. Duganier to its Board of Directors, effective today. With the addition of Ms. Duganier, Noble Energy's Board now totals 10 members. Prior to her retirement in 2013, Ms. Duganier held various leadership and management positions with Accenture PLC, where she was most recently a Managing Director and also served as Global Chief Strategy Officer and [Read more]
Canada’s purchase of Trans Mountain was exceptional -minister
CALGARY, Alberta (Reuters) - The Canadian government's decision to buy Kinder Morgan Canada Ltd’s Trans Mountain pipeline was brought about by a “particularly problematic” situation and is not a symbol of how things get done in the country, the finance minister said on Wednesday. the federal government on Tuesday agreed to buy the pipeline for $4.5 billion in an effort to save a project that faces formidable opposition from environmentalists and British Columbia officials worried the pipeline [Read more]
Oil climbs more than two percent as tight supplies in focus
NEW YORK (Reuters) - Oil prices climbed on Wednesday, supported by tight supplies, forecasts of a drawdown in U.S. crude inventories, and a weaker dollar. U.S. crude gained $1.62, or 2.4 percent, to $68.35. Brent rose $1.98, or 2.6 percent, to $77.37 a barrel by 11:52 a.m. EDT. Oil has been pressured by reports that the Organization of the Petroleum Exporting Countries (OPEC) and Russia may ease up on output cuts that have been in place since January 2017. The supply reductions have driven [Read more]
Kinder Morgan Canada share target cut as growth hopes fall post pipeline deal
CALGARY - Analysts at CIBC have cut their target share price for Kinder Morgan Canada Ltd. and say its future is cloudy in the wake of its deal to sell its biggest current and growth asset — the Trans Mountain pipeline system — to the federal government. They say in a research report the company will be left cash-rich but prospect-poor after it agreed to sell its existing 300,000-barrel-per-day pipeline and the delayed 590,000-bpd expansion project for $4.5 billion. Kinder Morgan Canada [Read more]
Corporate Divestiture: Primrose Drilling Ventures Ltd.
Sayer Energy Advisors has been engaged to assist 1280417 Alberta Ltd. (“1280417”) with a corporate sales process. 1280417 is the sole shareholder of Primrose Drilling Ventures Ltd. (“Primrose” or the “Company”), which is a private oil and natural gas company. 1280417’s sole asset is its ownership of Primrose. Primrose has income tax pools totaling approximately $5.8 million; it will have no working capital deficiency or surplus at closing. Primrose currently produces approximately 354 boe/d [Read more]
Strategic Oil & Gas Announces Management Changes
CALGARY, Alberta, May 30, 2018 (GLOBE NEWSWIRE) -- Strategic Oil & Gas Ltd. (TSXV:SOG) (“Strategic” or the “Company”) is pleased to announce that Amanda Reitenbach will be joining the Company as Vice-President, Development and Operations effective July 9, 2018. Ms. Reitenbach was most recently development manager for the Cardium and Deep Basin operating unit at an intermediate publicly traded oil and gas company, where she was successful in building a high performance technical team and [Read more]
Leucrotta Announces Q1 2018 Financial and Operating Results
CALGARY, Alberta, May 30, 2018 (GLOBE NEWSWIRE) -- LEUCROTTA EXPLORATION INC. (TSXV:LXE) (“Leucrotta” or the “Company”) is pleased to announce its financial and operating results for the three months ended March 31, 2018. All dollar figures are Canadian dollars unless otherwise noted. HIGHLIGHTS Increased production 122% to 4,180 boe/d in Q1 2018 from 1,881 boe/d in Q1 2017 (increased 10% from 3,802 boe/d in Q4 2017). Increased adjusted funds flow 393% to $6.4 million in Q1 2018 from $1.3 [Read more]
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