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Canadian Oil Sands Announces 2013 Financial Results and a $0.35 per Share Dividend

CALGARY, ALBERTA--(Marketwired - Jan. 30, 2014) - Canadian Oil Sands Limited (TSX:COS)(OTCQX:COSWF) - All financial figures are unaudited and in Canadian dollars unless otherwise noted. Highlights for the three months and year ended December 31, 2013: Cash flow from operations was $392 million ($0.81 per Share) in the fourth quarter of 2013 compared with cash flow from operations of $418 million ($0.86 per Share) in the same quarter of 2012. For the 2013 year, cash flow from operations [Read more]

Timeline: Renegade’s battle with dissident shareholder FrontFour

After a lengthy battle with major shareholder FrontFour Capital, Renegade Petroleum today claimed victory over the dissident hedge fund after FrontFour announced its withdrawal of special meeting requisition to replace Renegade's board with a slate of its own. Here's a timeline of headlines from the feisty battle between the Calgary based oil and gas producer ad the Greenwich, Connecticut based hedge fund: Legacy Oil + Gas Inc. Responds to FrontFour’s Notice of Intent to Nominate [Read more]

The BOE Report now features a comment section

The BOE Report is pleased to announce that it features a comments section below selected stories. Please chime in with your thoughts, but keep comments relevant and respectful. Most recent stories with comment section: Neil Young calls oilsands development “greediest, most destructive, disrespectful” (video) Column: Opposition to pipelines comes down to fundraising Prentice: Keystone XL a "distraction" Column: New Brunswick derailment highlights rail vs pipeline [Read more]

REPORT: Futures show long-term oil price declining and gas price remaining flat

CALGARY, ALBERTA (January 3, 2014) – Deloitte’s Resource Evaluation & Advisory group released its current Canadian domestic oil and gas price forecast today, along with a stern word of caution for investors. Deloitte’s analysis of the trends in futures pricing since 2010 gives a strong indication that oil is on its way down, and that natural gas prices will remain flat as far out as 2021 and 2022. In the commentary accompanying Deloitte’s December 31, 2013 forecast, Andrew Botterill, [Read more]

Palliser Oil & Gas Corporation Announces Change to Board of Directors

CALGARY, Dec. 23, 2013 /CNW/ - Palliser Oil & Gas Corporation ("Palliser" or the "Company") (TSX VENTURE: PXL) announces a change to the Board of Directors. Ken Crowther advises that for personal reasons, he will be resigning his position as a Director of the Company as ofJanuary 1, 2014. On behalf of the Board of Directors, Senior Management, the staff and shareholders of Palliser, we wish to thank him for his time and service to the Company and we wish him much success in the [Read more]

Imperial Oil sells downtown Calgary parking lot for 69 million

According to a Calgary Herald article, Imperial Oil has sold 1.5 acre parking lot in downtown Calgary. The lot is located at 500 6th Avenue S.W., - a land transfer of $68.95 million, dated November 20, lists the new owners as Oxford Properties and Omers. Imperial Oil is one of several companies moving out of downtown - a spokesperson commented the sale "Imperial announced our plans to build a new office complex in a site at Quarry Park. So consistent with that we did place that (downtown) [Read more]

Devon Canada lists 97,000 boe/d for sale

After announcing a couple of weeks ago about its intent to sell nearly half its Canadian assets, Devon Energy seemed to take its first step to officially place the producing properties on the market. On Scotia Waterous's website, Devon Canada is listed with having a whopping 97,000 boe/d up for sale. Here's the information from ScotiaWaterous.com: Devon Canada Corporation has initiated a process to divest of its non-core conventional oil and gas assets in Western Canada and has retained [Read more]

Sunshine Oilsands President & CEO and CFO Resign

Sunshine Oilsands President & CEO, John Zahary and CFO Robert Pearce, have resigned from the company. In a press release the company very briefly mentions their departures: The Board of Directors has accepted the resignations of John Zahary, President and Chief Executive Officer and of Robert Pearce, Chief Financial Officer. Assuming the position of interm President & CEO will be Executive Vice President, Corporate Operations, Owen Sealock. Click here to read the entire [Read more]