Born and raised in Alberta, I have spent my entire adult life living in Calgary. For most of that time, I worked in business development marketing innovative technologies to oil and gas companies. Anyone who works in the oil and gas industry knows the industry experiences booms and busts. But this time it is different. Light oil in Edmonton is $26.94 USD per barrel, a discount of $27. Heavy crude is trading at $18.20 USD a barrel, a $34 discount. This is an unacceptable situation. Everyone [Read more]
Archives for November 2018
Steep oil price discounts place oilpatch credit ratings in danger, warns DBRS
CALGARY - Credit rating agency DBRS Ltd. is warning that some of the big Canadian oil and gas companies it covers could face downgrades in their credit scores if current steep price discounts for their products continue. Such rating cuts could affect the companies' ability to access credit to fund growth and potentially increase what they pay to service their debt. Energy senior vice-president Victor Vallance of DBRS says the wide difference between oil prices in Western Canada and on [Read more]
Devon Energy Announces First-Quarter 2019 Cash Dividend for Common Stockholders
OKLAHOMA CITY--(BUSINESS WIRE)--Devon Energy Corp. (NYSE: DVN) announced today that its board of directors has declared a quarterly cash dividend on Devon’s common stock for the first quarter of 2019. The dividend is payable on March 29, 2019, at a rate of $0.08 per share based on a record date of March 15, 2019. About Devon Energy Devon Energy is a leading independent energy company engaged in finding and producing oil and [Read more]
Pulse Oil Corp. Announces Successful Phase Two Completion of the Bigoray Enhanced Oil Recovery Project
CALGARY, Nov. 28, 2018 /PRNewswire/ - Pulse Oil Corp. ("Pulse" or the "Company") (TSX-V: PUL and PUL.WT) announced today that Pulse and its contracted technical consultants have completed Phase Two of the Bigoray Enhanced Oil Recovery (EOR) Modelling Project. Phase 2 incorporated the geological and petrophysical analysis completed in Phase 1 into a pool architecture and structural model. The Company's 3-D seismic data base was incorporated into the model, the first time modern 3-D seismic [Read more]
Strategic Oil & Gas Ltd. Announces Conversion of Notes and Closing of Financing
CALGARY, Alberta, Nov. 28, 2018 (GLOBE NEWSWIRE) -- Strategic Oil & Gas Ltd. ("Strategic" or the "Company") (TSXV:SOG) announces that the Company has received the written resolution (the "Resolution and Consents") of over 96% of the holders ("Noteholders") of the Company's 8.0% convertible notes ("Notes") to affect certain amendments to the trust indenture ("Trust Indenture") governing the Notes. In particular the Noteholders have approved, by way of an extraordinary written resolution [Read more]
TransCanada Declares Quarterly Dividends
CALGARY, Alberta, Nov. 28, 2018 (GLOBE NEWSWIRE) -- News Release – TransCanada Corporation (TSX, NYSE: TRP) (TransCanada or the Company) today announced that the Board of Directors (Board) of TransCanada declared quarterly dividends on the outstanding Cumulative First Preferred Shares as follows: For the period up to but excluding February 28, 2019, payable on February 28, 2019, to shareholders of record at the close of business on January 31, 2019:• Series 11 - $0.2375 per share• Series 13 - [Read more]
Whitecap Resources Inc. Defers 2019 Budget Release
CALGARY, Nov. 28, 2018 /CNW/ - Whitecap Resources Inc. ("Whitecap") (TSX: WCP) announces that given the timing of the G20 and OPEC meetings in December and continued crude oil price volatility, it will be deferring the release of its 2019 budget previously scheduled for Wednesday, December 5, 2018, until further notice. About WhitecapWhitecap Resources Inc. is an oil-weighted growth company that pays a monthly cash dividend to its shareholders. We are focused on profitable per share growth on [Read more]
Whitecap Resources Inc. Defers 2019 Budget Release
CALGARY, Nov. 28, 2018 /CNW/ - Whitecap Resources Inc. ("Whitecap") (TSX: WCP) announces that given the timing of the G20 and OPEC meetings in December and continued crude oil price volatility, it will be deferring the release of its 2019 budget previously scheduled for Wednesday, December 5, 2018, until further notice. About WhitecapWhitecap Resources Inc. is an oil-weighted growth company that pays a monthly cash dividend to its shareholders. We are focused on profitable per share growth on [Read more]
Pulse Oil Corp. Announces Successful Phase Two Completion of the Bigoray Enhanced Oil Recovery Project
CALGARY, Nov. 28, 2018 /CNW/ - Pulse Oil Corp. ("Pulse" or the "Company") (TSX-V: PUL and PUL.WT) announced today that Pulse and its contracted technical consultants have completed Phase Two of the Bigoray Enhanced Oil Recovery (EOR) Modelling Project. Phase 2 incorporated the geological and petrophysical analysis completed in Phase 1 into a pool architecture and structural model. The Company's 3-D seismic data base was incorporated into the model, the first time modern 3-D seismic data has [Read more]
XI Analysis: Who’s the most likely buyer for Crescent Point’s Duvernay Rights Divestiture?
In yesterday’s BOE Report, Sayer Energy Advisors announced they have been engaged to assist Crescent Point with the sale of its prospective Duvernay oil rights located in the Ferrybank area of Alberta. After performing a quick analysis of these assets and the key players in the area with AssetBook, XI Technologies Inc. has identified the two most logical potential buyers. Want to know who they are? Want to learn how to easily search for farm-in opportunities on expiring land? Contact XI [Read more]
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