VANCOUVER - Outrage over the federal government's announcement about buying the Trans Mountain pipeline to ensure it gets built could fuel unprecedented protests, says a prominent environmentalist who was at the forefront of British Columbia's so-called War in the Woods in the 1990s. Tzeporah Berman said the fight against the pipeline expansion is even bigger than those over logging in Clayoquot Sound. Canadians are angry the government is shelling out $4.5 billion to purchase [Read more]
Archives for May 2018
Marquee Energy Ltd. Announces First Quarter 2018 Financial and Operating Results
CALGARY, May 29, 2018 /CNW/ - Marquee Energy Ltd. ("Marquee" or the "Company") (TSXV: "MQX") is pleased to report its operational and financial results for the three months ended March 31, 2018. The Company's Financial Statements as well as the corresponding Management's Discussion and Analysis for the three months ended March 31, 2018 are available on its website www.marquee-energy.com as well as on SEDAR at www.sedar.com. Q1 2018 HIGHLIGHTS Brought five new horizontal Banff wells on [Read more]
Keyera Proceeding With Phase Two of its Wapiti Gas Plant
CALGARY, May 29, 2018 /CNW/ - Keyera Corp. (TSX:KEY) ("Keyera") today announced it is proceeding with phase two of its Wapiti Gas Plant (the "Plant"), adding 150 million cubic feet per day of sour gas processing to the Plant, which is currently under construction south of Grande Prairie, Alberta. Based on current plans, construction of this second phase is expected to be completed in mid-2020 at an estimated cost of approximately $150 million. In connection with construction of the second [Read more]
Cation Capital Comments on Crescent Point Energy’s New Transformation Plan
Notes that Crescent Point Has Adopted Key Elements of Cation’s Call for Change, Less than a Month After Vigorously Opposing It Credits Positive Developments at Crescent Point to Shareholders who Voted for Change CALGARY, Alberta--(BUSINESS WIRE)--#CPG--Cation Capital Inc. (“Cation Capital” or “Cation”), a private investment firm and shareholder of Crescent Point Energy Corp. (TSX/NYSE: CPG) (“Crescent Point” or the “Company”), today issued the following statement, following today’s [Read more]
Iron Bridge Board of Directors to Review Unsolicited Tender Offer from Velvet Energy
Shareholders Advised to Take No Action Pending Review of Offer CALGARY, Alberta--(BUSINESS WIRE)--$IBR #IronBridge--Iron Bridge Resources Inc. (“Iron Bridge”, “IBR” or the “Company”) (TSX: IBR) today confirmed that Velvet Energy Ltd. (“Velvet Energy”) has commenced an unsolicited tender offer to acquire all the issued and outstanding common shares of IBR at a price of $0.75 per share in cash (the “Velvet Offer”). The Iron Bridge Board of Directors, in consultation with independent financial [Read more]
Cequence Energy Provides Credit Facility Update
CALGARY, May 29, 2018 /CNW/ - Cequence Energy Ltd. ("Cequence" or the "Company'') (TSX: CQE) is pleased to announce the Company has extended its Senior Credit borrowing capacity with its Syndicate of Lenders. The borrowing base has been reduced to $9 million (previously $12 million) with an extension term until July 31, 2018. The Company remains undrawn on its Senior Credit facility other than approximately $1.5 million in letters of credit. As at March 31, 2018, the Company had $74.5 million [Read more]
QuickQuotes: Ottawa’s $4.5B Trans Mountain play welcomed, condemned
OTTAWA - Some of what was said Tuesday about the federal government's plan to spend $4.5 billion to buy the Trans Mountain pipeline and all of Kinder Morgan Canada's core assets, part of a strategy to rescue a proposed expansion of the oilsands pipeline. --- "It must be built and it will be built." — Finance Minister Bill Morneau. --- "Make no mistake: this is an investment in Canada's future." — Morneau. --- "We believe this is the best way to [Read more]
Connacher Announces Q1 2018 Results
CALGARY, May 29, 2018 /CNW/ - Connacher Oil and Gas Limited ("Connacher" or the "Company") announces its financial and operating results for the three months ended March 31, 2018 ("Q1 2018") (all amounts are in Canadian dollars unless otherwise noted). Q1 2018 Highlights Financial Q1 2018 revenue, net of royalties, decreased 28% to $33.9 million (Q1 2017 - $46.9 million), primarily due to unfavourable fixed price sales agreements and increased index exposure to the Western Canadian [Read more]
Pipeline move a risk for Canada’s Trudeau, but inaction worse
Canada's decision on Tuesday tobuy a troubled oil pipeline is a big risk that could cost PrimeMinister Justin Trudeau important voter support in a majorprovince, but insiders say failure to act decisively to boostenergy exports might hurt his chances to win re-election in2019.Trudeau's Liberal government said it will buy Kinder MorganCanada Ltd's Trans Mountain pipeline for C$4.5 billion($3.5 billion) in hopes of saving a project that faces majorpolitical and environmental [Read more]
Birchcliff Energy Ltd. Announces Declaration of Quarterly Common Share and Preferred Share Dividends
CALGARY, Alberta, May 29, 2018 (GLOBE NEWSWIRE) -- Birchcliff Energy Ltd. (“Birchcliff”) (TSX:BIR) is pleased to announce that its board of directors has declared the following quarterly cash dividends for the quarter ending June 30, 2018: Shares TSX Stock Symbol Dividend per Share Common Shares BIR $0.025 Cumulative Redeemable Preferred Shares, Series A BIR.PR.A $0.523375 Cumulative Redeemable Preferred Shares, Series C BIR.PR.C $0.4375 The [Read more]
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