TORONTO - The price of oil hit a four-year high and the Canadian dollar rose to its highest level since May on Monday, but the reaction in North American markets to a tentative trade deal to replace NAFTA was pretty subdued. After rising sharply in early trading, markets ended the day moderately higher mainly due to the performance of the important energy sector in Canada and of General Electric Co. in the U.S. The S&P/TSX composite index hit a high of 16,193.06 but closed up [Read more]
Archives for October 2018
Matador Resources Company Prices Offering of $300 Million of Additional Senior Notes Due 2026
DALLAS--(BUSINESS WIRE)--Matador Resources Company (NYSE: MTDR) (“Matador”) announced today that it has priced a private offering of $300 million of 5.875% senior unsecured notes due 2026 (the “Additional Notes”). The Additional Notes are being offered as additional notes to Matador’s existing $750 million aggregate principal amount of 5.875% Senior Notes due 2026 that Matador issued in a private placement on August 21, 2018. The Additional Notes will be [Read more]
Pengrowth Appoints Chandra Henry to the Board of Directors
CALGARY, Alberta, Oct. 01, 2018 (GLOBE NEWSWIRE) -- Pengrowth Energy Corporation (“Pengrowth”) (TSX:PGF, OTCQX:PGHEF), today announced the appointment of Chandra Henry CPA, CA, CFA to the Board of Directors with immediate effect. “On behalf of the Board of Directors, I would like to extend to Chandra a warm welcome to Pengrowth’s Board,” said Kel Johnston, Chairman of Pengrowth’s Board of Directors. “Chandra’s extensive experience and knowledge in accounting, finance and the capital markets [Read more]
EM Energy, Inc. Announces Name Change and Stock Trading Symbol Change
LAS VEGAS, NV / ACCESSWIRE / October 1, 2018 / EM Energy, Inc. (OTC PINK: RZPK) EM Energy announces that on September 28, 2018, we filed Articles of Amendment and Restatement to our Articles of Incorporation to change our name to MJ HARVEST, INC. and change our stock trading symbol to MJHI. The name change, and symbol change will be included in the FINRA Daily List Announcement on October, 1, 2018, and the stock will begin trading under the new symbol on October 2, 2018 on the OTC Pink market. [Read more]
Westcore Energy Ltd. Closes $564,536 Rights Offering – Begins Work Program
/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/ SASKATOON, Oct. 1, 2018 /CNW/ - Westcore Energy Ltd. ("Westcore" or the "Company") (TSXV: WTR) is pleased to announce the closing of its previously announced rights offering for aggregate gross proceeds of $564,536. Work will begin immediately to re-activate 2 of Westcore's existing production wells needing workovers and to recommission the Company's water disposal facility. This [Read more]
Shares in MEG Energy soar after Husky Energy makes hostile takeover offer
CALGARY - Shares in MEG Energy Corp. soared in early trading following a hostile takeover offer announced Sunday by Husky Energy Inc. MEG shares were up $2.94 or about 37 per cent at $10.97 in early trading on the Toronto Stock Exchange after going as high as $11.70. Husky shares were down $1.63 or about seven per cent at $21.05. The hostile offer is a combination of cash or shares worth $11 for each MEG share. The maximum cash available under the deal is capped at $1 billion and the [Read more]
Canadian oil merger to help manage price discounts – Husky CEO
Husky Energy Inc's hostile bid for MEG Energy Corp reflects the need for Canadian oil companies to own integrated assets, from production to refineries, to manage the deep price discounts on Canadian crude, Husky Chief Executive Rob Peabody said on Monday.Peabody said Husky will shortly begin to meet with MEG shareholders about the deal, valued at C$6.4 billion, but would welcome talks with MEG's board. (Reporting by Rod Nickel in Winnipeg, Manitoba) [Read more]
Encana to sell assets in New Mexico’s San Juan Basin for $615 million
CALGARY - Encana Corp. has an agreement to sell its San Juan assets in New Mexico to a Denver-based company for nearly $615 million. The Calgary-based oil and gas producer's San Juan assets include lands that produce the equivalent of 5,400 barrels per day of oil. Denver-based DJR Energy, LLC says the US$480-million acquisition will about double its land in the San Juan Basin to 350,000 net acres (141,639 hectares) and increase its production to more than 6,000 barrels per day. [Read more]
Tidewater announces definitive agreements with TransAlta, provides an update on Pipestone Montney and announces crude oil infrastructure agreements
CALGARY, Oct. 1, 2018 /CNW/ - Definitive Agreement with TransAlta Corporation for intra-Alberta pipeline Tidewater Midstream and Infrastructure Ltd. ("Tidewater" or the "Corporation") announces today that it and TransAlta Corporation ("TransAlta") have executed definitive agreements (the "Definitive Agreements") for the construction, operation and tolls payable with respect to the previously announced pipeline connecting Tidewater's Brazeau River Complex to TransAlta's generating units [Read more]
NuVista Energy Ltd. Announces Upsizing and Commencement of Pipestone South Block Development
CALGARY, Alberta, Oct. 01, 2018 (GLOBE NEWSWIRE) -- NuVista Energy Ltd. ("NuVista" or the "Company") (TSX:NVA) is pleased to announce the commencement of development for our Pipestone South block of land. NuVista would like to confirm we have received internal board approval as well as regulatory approval from the Alberta Energy Regulator for the construction of the Pipestone South compressor station west of Grande Prairie, Alberta. This compressor station has been upsized 50% from original [Read more]