** Brokerages raise PT on Canadian Natural Resources on deal with Devon; JP Morgan raises by C$2 to C$50, GMP FirstEnergy by C$1 to C$50** CNQ said on Wednesday it would buy Devon Energy's Canadian assets for C$3.8 bln ** "CNQ was able to make the math work to acquire an asset that generates good FCF with synergy potential and future development upside" - JPM** Says cost per flowing barrel that co paid DVN was cheapest of recent oil sands transactions** GMP says not [Read more]
Archives for May 2019
Red Pine Announces Results of Annual and Special Meeting of Shareholders
VANCOUVER, BC / ACCESSWIRE / May 30, 2019 / Red Pine Petroleum Ltd. (TSXV: RPN) (the "Company") is pleased to announce the voting results from the Company's Annual General and Special Meeting of shareholders held on May 31, 2019 (the "Meeting"). A total of 21,672,736 shares or 69.35% of the outstanding shares of the Company were represented at the Meeting by proxy or in person. All of the matters submitted to the shareholders for approval as set out in the Company's notice of meeting and [Read more]
Oil rises on declining U.S. crude stocks, but trade war worries linger
Oil prices rose on Thursday after an industry report showed a bigger-than-expected decline in U.S. crude inventories, although concerns that the U.S.-China trade war will trigger an economic downturn kept a lid on gains. U.S. West Texas Intermediate (WTI) crude futures were up 48 cents, or 0.8%, at $59.29 a barrel. U.S. crude inventories fell by 5.3 million barrels in the week to May 24 to 474.4 million barrels, data from industry group the American Petroleum Institute showed on [Read more]
Point Loma Resources Announces Two Well Farm-out to Further Delineate the Wizard Lake Rex Oil Discovery
CALGARY, AB / ACCESSWIRE / May 30, 2019 / Point Loma Resources Ltd. (TSX VENTURE: PLX) (the "Corporation" or "Point Loma") is pleased to announce a farm-out on the Corporation's evolving Wizard Lake Rex oil discovery and provides an operational update. Highlights: Point Loma's current 30% working interest partner, Salt Bush Energy Ltd. ("Salt Bush"), has agreed to a two well farm-in transaction with Point Loma at Wizard Lake whereby Salt Bush will incur 100% of the costs to drill, [Read more]
Granite Oil Corp. Announces Results Of Shareholder Meeting
CALGARY, Alberta, May 29, 2019 (GLOBE NEWSWIRE) -- GRANITE OIL CORP. (“Granite” or the “Company”) (TSX:GXO; OTCQX:GXOCF) is pleased to announce the results from its 2019 annual general and special meeting of shareholders held on May 29, 2019 in Calgary, Alberta (the “Meeting”). Each of the matters voted upon at the Meeting is discussed in detail in the Company's Management Information Circular dated April 24, 2019, a copy of which is available on the Company's SEDAR profile at www.sedar.com. [Read more]
Connacher Announces Q1 2019 Results
CALGARY, May 29, 2019 /CNW/ - Connacher Oil and Gas Limited ("Connacher" or the "Company") announces its financial and operating results for the quarter-ended March 31, 2019 (all amounts are in Canadian dollars unless otherwise noted). Q1 2019 Highlights Financial Q1 2019 revenue, net of royalties, increased to $53.6 million (Q1 2018 - $33.9 million), primarily due to higher crude oil benchmark pricing, partially offset by lower sales volumes In Q1 2019, the Company recorded [Read more]
Canadian Spirit Resources Inc. Announces First Quarter 2019 Financial Results and Election of New Director
CALGARY, Alberta, May 29, 2019 (GLOBE NEWSWIRE) -- Canadian Spirit Resources Inc. (“CSRI” or the “Corporation”) (TSXV:SPI) (OTCBB:CSPUF) is pleased to announce the release of its interim financial results and Management Discussion and Analysis (“MD&A”) for the three month period ended March 31, 2019 and the election of Louisa DeCarlo of Calgary, Alberta as a director of the Corporation. First Quarter 2019 This news release summarizes information contained in the unaudited interim [Read more]
Toscana Energy Completes Renewal of its Credit Facilities
CALGARY, Alberta, May 29, 2019 (GLOBE NEWSWIRE) -- Toscana Energy Income Corporation ("Toscana" or the "Corporation") (TSX: TEI) is pleased to announce that it has renewed its revolving operating credit facility with its Senior Lender at the existing level of $25 million. The terms of the amended credit facilities remain unchanged with the exception of additional compliance, consent and reporting requirements relating to Toscana’s provincial liability management rating and decommissioning [Read more]
Climate change debate in the focus at Exxon’s annual meeting
DALLAS - Activist shareholders used Exxon Mobil's annual meeting to renew their accusations that the company is failing to confront a future that may include stricter regulations to limit climate change caused by burning fossil fuels. A representative of the Church of England's endowment fund said Wednesday that Exxon has moved more slowly than other major oil companies to disclose information about emissions. Chairman and CEO Darren Woods defended the company, saying it's doing [Read more]
Pieridae Announces First Quarter Results
Focus on Advancing Goldboro LNG Continues CALGARY, Alberta, May 29, 2019 (GLOBE NEWSWIRE) -- Pieridae Energy Limited (“Pieridae” or the “Company”) (PEA - TSXV) has filed its first quarter (“Q1”) unaudited condensed interim financial statements and related management’s discussion and analysis (“MD&A”) for the first three months of 2019. Pieridae's unaudited condensed interim financial statements and MD&A are available on our website at www.pieridaeenergy.com and are filed on SEDAR at [Read more]
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