OTTAWA, Nov. 1, 2018 /CNW/ - Energy efficiency has benefits in our homes, neighbourhoods, environment, economy and wallets. Federal investments in innovative energy-efficient projects drive economic growth, contribute to our clean energy future and create high-quality jobs for Canadians. The Honourable Bill Morneau, Minister of Finance, on behalf of the Honourable Amarjeet Sohi, Canada's Minister of Natural Resources, today announced changes to Canada's Energy Efficiency Regulations to [Read more]
Archives for November 2018
Pembina Pipeline Corporation Reports Third Quarter 2018 Results
Pembina reports strong third quarter results with record volumes and a tripling of earnings over the prior year. All financial figures are in Canadian dollars unless noted otherwise. CALGARY, Nov. 1, 2018 /CNW/ - Pembina Pipeline Corporation ("Pembina" or the "Company") (TSX: PPL; NYSE: PBA) announced today its financial and operating results for the third quarter of 2018. Operational and Financial Overview 3 Months Ended September 30 9 Months [Read more]
Shell Canada sees cost advantage in LNG Canada expansion
An expansion of LNG Canada has a cost advantage over its rivals in the race to build more liquefied natural gas export capacity, but a go-ahead decision on phase two is likely still a few years away, Shell Canada's president said on Thursday. The first phase of the C$41 billion ($31.3 billion) Royal Dutch Shell -led project was given the go-ahead last month, firing up a race among companies eager to be the next to tap into booming Asian demand for the gas that is supercooled into liquid form [Read more]
Earthstone Energy, Inc. Announces Third Quarter 2018 Conference Call for Thursday, November 8, 2018 at 11:00 a.m. Eastern
THE WOODLANDS, Texas--(BUSINESS WIRE)--Earthstone Energy, Inc. (NYSE: ESTE) (“Earthstone” or the “Company”), announced today that its management will host a conference call on Thursday, November 8, 2018 at 11:00 a.m. Eastern (10:00 a.m. Central) to discuss the Company’s financial results for the third quarter 2018 and its outlook for the remainder of 2018. Prepared remarks by Frank A. Lodzinski, Chief Executive Officer, Robert J. Anderson, President, and [Read more]
Canadian Natural charges rivals frustrating pipeline efficiency moves for profit
CALGARY - Tensions caused by steep price discounts for western Canadian heavy oil are dominating discourse as Calgary-based oilsands producers roll out third-quarter results. Tim McKay, president of Canadian Natural Resources Ltd., charged Thursday that unnamed energy industry members are deliberately interfering with attempts to make pipelines run more efficiently because they are making "windfall revenues" from current discount prices on western Canadian oil production. His [Read more]
ARROW Exploration to Host Conference Call and Webcast Introducing Management and Discussing Upcoming Catalysts
/NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES. ANY FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF U.S. SECURITIES LAW./ CALGARY, Nov. 1, 2018 /CNW/ - ARROW Exploration Corp. ("Arrow" or the "Company") (TSXV: AXL) is pleased to announce that it will host a conference call and webcast on Monday, November 5, 2018 at 9:00 am MT (11:00 am ET) to introduce Management to new investors, including current Canacol Energy (TSX: CNE) [Read more]
Pembina Pipeline Corporation Provides Notice of Series 1 Preferred Share Conversion Right and Announces Reset Dividend Rates
CALGARY, Nov. 1, 2018 /CNW/ - Pembina Pipeline Corporation ("Pembina") (TSX: PPL; NYSE: PBA) announced today that it does not intend to exercise its right to redeem the currently outstanding Cumulative Redeemable Rate Reset Class A Preferred Shares, Series 1 ("Series 1 Shares") (TSX: PPL.PR.A) on December 1, 2018 (the "Conversion Date"). As a result, and subject to certain terms of the Series 1 Shares, as described in the prospectus supplement dated July 19, 2013 relating to the issuance of the [Read more]
Suncor Energy not trimming oil output as low prices hurt rivals
Suncor Energy Inc , Canada's second-largest energy producer, does not need to reduce crude output as some of its peers are doing to cope with low prices, Chief Executive Steve Williams said on Thursday.Suncor, which has dedicated pipeline space for its crude as well as refineries in Canada, is mostly insulated from the impact of growing price discounts that U.S. refineries apply to Canadian oil, which have hurt rival producers, Williams said. Those discounts are largely attributed to [Read more]
MEG Energy CEO says Husky can ‘pay a lot more’ in its hostile takeover offer
CALGARY - The CEO of MEG Energy Corp. says shareholders should continue to ignore a hostile takeover bid by Husky Energy Inc. because "by their own admission, Husky can afford to pay a lot more." Derek Evans, on his first financial reporting conference call since being named CEO earlier this year, says Husky's $11 per share cash-and-stock offer made in September is actually now worth just $9.61 because of changing share values. He says the offer is opportunistic because MEG [Read more]
Keyera Provides Operational Update for Alberta EnviroFuels
CALGARY, Nov. 1, 2018 /CNW/ - Keyera Corp. (TSX:KEY) ("Keyera") today provided an operational update for its Alberta EnviroFuels facility ("AEF"), which produces iso-octane, a premium gasoline blending component. The facility has operated very well in 2018 and continues to maintain high utilization rates. To help ensure continued reliability and high utilization of the facility, AEF was taken off-line on November 1, 2018 for preventative maintenance. The shut down is not expected to have a [Read more]