Oil tumbled with most commodities amid a global flight from risky assets after the U.K. voted to leave the European Union. Whether the rout lasts depends on how world governments deal with the turmoil. Futures pared some of their initial losses, which dragged prices down 6.8 percent in New York and 6.6 percent in London, the biggest intraday drop in more than two months. Global equities plunged, while safe-haven assets such as the dollar and gold surged. UBS AG said traders will soon focus [Read more]
BOE Report Podcast Episode 7
On this episode, the BOE Report team talks about nonsensical arguments against pipeline development, the ongoing exodus of multinational oil companies from Alberta and the recent AER changes to the liability rating for oil and gas companies. Get episode on Google Play | iTunes | RSS On the Show Terry Etam Tim Dell James Rose Josh Groberman Topics Nonsensical arguments against oil pipelines Mass exodus of multinationals from Alberta AER changes to liability [Read more]
AAPG 2016 Annual Convention and Exhibition Returns to Calgary
Tulsa, OK, USA / June 14, 2016— The American Association of Petroleum Geologists' (AAPG) flagship annual event, held this year in conjunction with the Canadian Society of Petroleum Geologists (CSPG), is returning to Calgary for the first time in 10 years. The AAPG Annual Convention and Exhibition (ACE), which annually attracts thousands of geologists and geoscientists from around the world, will be held 19-22 June at Calgary’s popular Stampede Park. Joining AAPG and CSPG for the meeting [Read more]
Watch: OSY Rentals at GPS 2016
The OSY Rentals team was pleased to be in attendance for this year's Global Petroleum Show. As part of being there, OSY put together the above video to showcase various happenings throughout the three day event. Enjoy! [Read more]
Tervita Corporation announces agreement with lenders regarding senior subordinated notes
CALGARY, ALBERTA (June 16, 2016) – Tervita Corporation (“Tervita” or the “Company”) announced it has reached an agreement with noteholders concerning its 11.875% senior subordinated notes due 2018 (the “Senior Subordinated Notes”). On May 16, 2016, the Company announced it would not make the US$18.3 million interest payment (the “May Interest Payments”) in connection with the Senior Subordinated Notes and utilize a 30-day grace period (under its Senior Subordinated Notes) to engage in [Read more]
Longshore Resources Ltd. announces acquisition of producing assets and closing of equity financing by ARC Financial Corp.
CALGARY, ALBERTA (June 16, 2016) Longshore Resources Ltd. (“Longshore” or the “Company”) is pleased to announce the closing of an acquisition of certain producing assets in the Peace River Arch area of Alberta and the closing of a $150 million equity financing by ARC Financial Corp. (“ARC”). Longshore is a private company focused on capturing high quality assets with underexploited oil resource opportunities that can be developed using horizontal drilling and multi-stage fracturing. The [Read more]
BOE Report Podcast Episode 6
On this episode, the BOE Report team talks about recent oilpatch acquisition, including the Penn West asset sale to Teine Energy, Terry Etam's latest article on Natural gas production capabilities in North America, and LNG and Canada's west coast--did BC and Canada miss the boat? Get episode on Google Play | iTunes | RSS On the Show Terry Etam James Rose Josh Groberman Tim Dell Topics Penn West asset sale Do we really have 100 years of natural gas? Maybe, if we avoid the [Read more]
Toscana Energy Reports Voting Results of Annual and Special Meeting of Shareholders
CALGARY, Alberta, June 13, 2016 (GLOBE NEWSWIRE) -- Toscana Energy Income Corporation ("Toscana Energy" or the "Company") (TSX:TEI) held its annual and special meeting of shareholders on April 25, 2016 in Calgary, Alberta. A total of 911,933 common shares ("Common Shares") of the Company, representing approximately 12.70% of Common Shares, were represented in person or by proxy at the meeting. During the business proceedings at the meeting, shareholders approved resolutions fixing the number [Read more]
BOE Report Podcast Episode 5
On this episode, the BOE Report team talks about oil price forecasts and the massive capital shortfall facing the industry. They also talk with Tim Dell from OSY Rentals about the Global Petroleum Show. Get episode on Google Play | iTunes | RSS On the Show Josh Groberman Terry Etam Tim Dell Topics Shortage of capital facing oil industry Global Petroleum Show Advertisers Big Bore Directional Drilling OSY Rentals RiggerTalk Treeline Well Services Uptech [Read more]
Cochrane Oilmen’s Golf Classic to take place July 8
Taking place Friday July 8 is the Cochrane Oilmen's Golf Classic at The Links of GlenEagles. The entry deadline is June 30th. Click here to download the 2016 Golf Entry Form and Schedule of Events [Read more]
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