Liquids Growth, Market Diversification & Operational Excellence (TSX: AAV) - CALGARY, Feb. 28, 2019 /CNW/ - Advantage Oil & Gas Ltd. ("Advantage" or the "Corporation") is pleased to announce its 2018 results, culminating in increased liquids development, successful revenue diversification, and operational excellence. These accomplishments, combined with an emphasis on capital and financial discipline, will continue to strengthen the Corporation's solid business and advance its [Read more]
Archives for February 2019
Alberta eases April crude production limit
Alberta on Thursday raised the amount of crude that companies can produce in April to 3.66 million barrels per day, an increase of 100,000 bpd from the limit imposed in January. Late last year congestion on oil export pipelines backed up crude in storage tanks and sent crude prices in the province tumbling to record lows. The slump prompted the Alberta government to mandate temporary production cuts effective Jan. 1 that took 325,000 bpd out of the market. The province is now raising the [Read more]
Alberta to ease oil production cut again, cites lower storage levels
EDMONTON - Premier Rachel Notley says Alberta will again ease mandatory oil production cuts due to lower storage levels. The province says it will allow increased production by 25,000 barrels per day in April. This will be the second increase since December when the government ordered production of raw crude oil and bitumen to be cut by 325,000 barrels per day to deal with low prices. The first increase was on Jan. 30 when Notley announced the province would allow [Read more]
Cardinal Announces its 2019 Operating and Capital Budget
CALGARY, Alberta, Feb. 28, 2019 (GLOBE NEWSWIRE) -- (CJ:TSX) Cardinal Energy Ltd. ("Cardinal" or the "Company") is pleased to announce that its Board of Directors has approved a base operating budget for 2019 that will focus on a sustainable dividend, long-term operating cost reduction initiatives, debt repayment and maintaining our production volumes at 2018 levels. Highlights of 2019 Budget Operating cost reduction initiatives targeting an 8% reduction in operating costs within [Read more]
Notley says new energy assessment bill conflicts with purchase of pipeline
OTTAWA - Alberta Premier Rachel Notley says it makes no sense for Ottawa to use one hand to buy the Trans Mountain pipeline for $4.5 billion, and another to push legislation that would deter investors from future energy projects. Notley was in Ottawa Thursday giving the Senate her take on Bill C-69, the Impact Assessment Act, which overhauls the way energy projects are assessed for their effects on the environment as well as contributions to the country's social and economic well-being. [Read more]
Pieridae Energy Limited Announces Closing of Brokered and Non-Brokered Private Placements for a Total of $17.9 Million
CALGARY, Alberta, Feb. 28, 2019 (GLOBE NEWSWIRE) -- Pieridae Energy Limited (“Pieridae”) (TSXV: PEA) is pleased to announce that it has closed its previously announced brokered private placement of common shares of the Company for gross proceeds of approximately $15.2 million (including the partial exercise of the over-allotment option) (the “Brokered Offering”) and partially closed its non-brokered private placement of common shares for additional gross proceeds of approximately $2.7 million [Read more]
Berry Petroleum Declares $0.12 per Share Cash Dividend for First Quarter 2019
DALLAS, Feb. 28, 2019 (GLOBE NEWSWIRE) -- Berry Petroleum Corporation (NASDAQ: BRY) (the “Company”) announced today that its Board of Directors declared a regular dividend for the first quarter of 2019 at a rate of $0.12 per share on the Company’s outstanding common stock, payable on April 15, 2019 to shareholders of record at the close of business on March 15, 2019. This is the Company's third regular quarterly dividend. The Company, subject to approval by the Board and depending on a [Read more]
Federal government to regulate controversial Alton Gas cavern project
HALIFAX - The federal government is stepping in to regulate a company's controversial plan to use water from one of Nova Scotia's major rivers to create huge underground caverns to store natural gas. Environment and Climate Change Canada says the proposed regulations for the Alton Gas project will be aimed at managing potential threats to fish, fish habitat and human health — but the impact of these new rules remains unclear. Federal officials could not be reached for comment, [Read more]
MEG Energy Provides Updated Year-End 2018 Results Conference Call Details
CALGARY, Feb. 28, 2019 /CNW/ - MEG Energy Corp. (TSX:MEG) will release its year-end 2018 financial and operating results before market open on Friday, March 8, 2019. The 2018 year-end management's discussion and analysis and audited consolidated financial statements will be available on MEG's website at www.megenergy.com. Updated Conference Call Details A conference call will be held at 6:30 a.m. Mountain Time (8:30 a.m. Eastern Time) on Friday, March [Read more]
Crescent Point Announces Year-End 2018 Conference Call
CALGARY, Feb. 28, 2019 /PRNewswire/ - Crescent Point Energy Corp. ("Crescent Point" or the "Company") (TSX and NYSE: CPG) plans to report its year-end 2018 financial and operating results via press release prior to the opening of markets on Thursday, March 7, 2019. Crescent Point management will host a conference call at 10:00 a.m. MST (12:00 p.m. EST) the same day to discuss the results and outlook for the Company. Participants can listen to this event online via webcast. Alternatively, the [Read more]
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