CALGARY, Aug. 1, 2018 /CNW/ - (ARX - TSX) ARC Resources Ltd. ("ARC" or "the Company") is pleased to report its second quarter 2018 financial and operational results. Second quarter production averaged 127,879 boe per day with funds from operations totaling $204.4 million ($0.58 per share). ARC's unaudited condensed interim financial statements and notes ("financial statements"), as well as ARC's Management's Discussion and Analysis ("MD&A") as at and for the three and six months ended June [Read more]
Archives for August 2018
Canada to soften carbon tax as firms fret about U.S. competition
Canada will soften the impact of a planned carbon tax on major emitters of greenhouse gases after businesses complained it would make them less competitive with the United States, officials said on Wednesday. The move underlines the challenges facing Canada as it tries to deal with Washington under U.S. President Donald Trump, who has slashed domestic corporate taxes and imposed tariffs on Canadian steel and aluminum. The Liberal government of Prime Minister Justin Trudeau - which took [Read more]
Enbridge Completes Asset Sales for Approximately $3.15 Billion in Cash Proceeds
CALGARY, Aug. 1, 2018 /CNW/ - Enbridge Inc. (TSX: ENB) (NYSE: ENB) (Enbridge or the Company) today announced it has closed the previously announced agreements to sell its U.S. midstream businesses and monetize a portion of its renewables business for combined cash proceeds of approximately $3.15 billion. "We are pleased to have moved quickly to execute and close these transactions at strong valuations," said Al Monaco, President and Chief Executive Officer of Enbridge. "In addition, the [Read more]
Tourmaline Delivers Strong Q2 Free Cash Flow, Increases 2018 Exit Production Estimate and Increases Quarterly Dividend
CALGARY, Aug. 1, 2018 /CNW/ - Tourmaline Oil Corp. (TSX:TOU) ("Tourmaline" or the "Company") is pleased to release financial and operating results for the second quarter of 2018. HIGHLIGHTS Six month 2018 cash flow(1) of $624.5 million on EP capital spending of $464.3 million. Net debt(2) reduced by $85.0 million in Q2 2018 from Q1 2018 (5% reduction). Tourmaline has reduced net debt by $198.6 million in the first six months of 2018. Quarterly dividend will be increased by 11% to [Read more]
Crew Energy Inc. Announces Second Quarter 2018 Financial And Operating Results
CALGARY, Aug. 1, 2018 /CNW/ - Crew Energy Inc. (TSX: CR) ("Crew" or the "Company") is pleased to announce our operating and financial results for the three and six month periods ended June 30, 2018. Our Financial Statements and Notes, as well as Management's Discussion and Analysis ("MD&A") for the three and six month periods ended June 30, 2018 are available on Crew's website and filed on SEDAR. HIGHLIGHTS Production Ahead of Forecast: At 23,583 boe per day in Q2, average [Read more]
Northern Oil and Gas, Inc. Announces Second Quarter 2018 Earnings Release and Conference Call
MINNEAPOLIS--(BUSINESS WIRE)--Northern Oil and Gas, Inc. (NYSE American: NOG) (“Northern” or the “Company”) announced today that it plans to issue its earnings release with respect to second quarter 2018 financial and operating results on Thursday, August 9, 2018 before the market opens. Additionally, the Company will host a conference call on Thursday, August 9, 2018 at 11:00 a.m. Central Time. Those wishing to listen to the conference call may [Read more]
AltaGas founder remains mum on sudden resignation of CEO David Harris
CALGARY - The chairman of AltaGas Ltd. says its leadership team is "stepping in and stepping up" in the wake of the sudden departure of president and CEO David Harris last week. AltaGas founder and chairman David Cornhill, who is filling in with director Phillip Knoll as interim co-CEOs of the Calgary-based company, said at the start of a conference call he will not take questions about why Harris has left the company. He repeated information in a statement last week that Harris [Read more]
Murphy Oil Corporation Announces Dividend
EL DORADO, Ark.--(BUSINESS WIRE)--The Board of Directors of Murphy Oil Corporation (NYSE: MUR) today declared a quarterly cash dividend on the Common Stock of Murphy Oil Corporation of $0.25 per share, or $1.00 per share on an annualized basis. The dividend is payable on September 4, 2018, to stockholders of record as of August 13, 2018. ABOUT MURPHY OIL CORPORATION Murphy Oil Corporation is a global independent oil and natural gas [Read more]
Hemisphere Energy provides operational update
TSX-V: HME - VANCOUVER, Aug. 1, 2018 /CNW/ - Hemisphere Energy Corporation (TSX-V: HME) ("Hemisphere" or the "Company") is pleased to provide an update on its drilling and field operations. Hemisphere has continued to show significant progress in production growth. During the three month period ended June 30, 2018, the Company achieved an average corporate production rate of over 1,050 boe/d (96% oil), based on field estimates. This growth in production represents a 22% increase over the [Read more]
AltaGas Delivers $166 Million in Normalized Second Quarter 2018 EBITDA and Maintains 2018 Outlook
Key Projects, Capital Plan and Integration of WGL on Track CALGARY, Aug. 1, 2018 /CNW/ - Highlights (all financial figures are unaudited and in Canadian dollars unless otherwise noted) Second quarter 2018 normalized EBITDA1 of $166 million and normalized Funds from Operations1 of $121 million were consistent with 2017 and in line with expectations; Outlook for 2018 maintained with normalized EBITDA expected to grow 25 to 30 per cent and normalized funds from operations growing 15 to 20 [Read more]