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Kelt Provides 2013 Financial and Operating Guidance

CALGARY, ALBERTA--(Marketwire - March 7, 2013) - Kelt Exploration Ltd. ("Kelt" or the "Company") (TSX:KEL) is pleased to provide financial and operating guidance for 2013. Common shares of Kelt commenced trading on the Toronto Stock Exchange on March 1, 2013 under the symbol "KEL". 2013 Guidance Kelt was recently formed as a junior oil and gas exploration and development company resulting from a plan of arrangement involving Celtic Exploration Ltd., ExxonMobil Canada Ltd., ExxonMobil [Read more]

Artek Exploration Ltd. Reports Significant 2012 Reserves Growth

CALGARY, ALBERTA--(Marketwire - March 7, 2013) - Artek Exploration Ltd. (RTK.TO) of Calgary, Alberta ("Artek" or the "Company") is pleased to provide an operational update and announce the results of its independent reserve evaluation for the year ended December 31, 2012 (the "Sproule Report") as prepared by Sproule Associates Limited ("Sproule"). 2012 HIGHLIGHTS Increased Proved plus Probable reserves year over year by 30% to 29.6 million boe from 22.9 million boe or 34% after the [Read more]

$6.3 BILLION RED INK: Alberta to run massive deficit in upcoming fiscal year

  EDMONTON - The Alberta government — squeezed by falling oil revenues and a growing population — has delivered a budget that holds the line on day-to-day spending but borrows billions to build roads, hospitals and schools. There are no new or increased taxes. The result is $6.3 billion in red ink. "We are having a tough time here," Finance Minister Doug Horner said Thursday before the 2013-14 document in the legislature. "We're going to have five million people in this [Read more]

Canada rig count down from last week, oil rigs slightly up

[table] [attr style="width: 20%"]`[attr style="width: 35%"]`[attr style="width: 15%"]Oil`[attr style="width: 15%"]Gas`[attr style="width: 15%"]Total [attr rowspan="5" style="background-color: #E0E0E0; text-align: center; vertical-align: middle;"]Canada`This Week`509`146`655 Last Week`504`158`662 Last Year`514`167`681 Week over Week Change`+5`-12`-7 Year over Year Change`-5`-21`-26[/table] [table] [attr style="width: 20%"]`[attr style="width: 35%"]`[attr style="width: 15%"]Oil`[attr [Read more]

Canadian Natural on lookout for Montney deal, open to sale or joint venture

  CALGARY - Canadian Natural Resources Ltd. is on the lookout for a deal that will unlock value from its vast shale holdings in northeastern B.C. It's a departure for the company, which has resisted the sorts of joint-venture deals that have been all the rage amongst its oilpatch peers in recent years. Canadian Natural (TSX:CNQ) is the largest player in the Montney formation, which stretches through parts of northeastern B.C. and northwestern Alberta. On Thursday, it said it is [Read more]

COMMENTARY: Alberta Budget Prediction

By Derek Fildebrandt - Canadian Taxpayer Federation With the province’s budget about to come down in early March, it’s time to read the entrails of what Albertans can expect this year, and next. Since it became apparent in September that the government’s election commitments were worth as much as Nortel stock, the Tories have dropped many hints and have been busily spinning away at public opinion. Combined with the hard numbers, the government’s hints allow at least some prediction of what to [Read more]

TSX rises alongside commodities, Dow industrials aim for 3rd day of record highs

  By Malcolm Morrison, The Canadian Press TORONTO - The Toronto stock market is higher, reflecting rising commodities along with strong economic data and record performance on U.S. markets. The S&P/TSX composite index gained 35.14 points to 12,867.1. The Canadian dollar rose 0.12 of a cent to 97.07 cents US as Statistics Canada said the trade deficit with the world narrowed in January, falling to $237 million from $332 million in December. In New York, the Dow Jones [Read more]

Bellatrix Exploration Ltd. Announces Year End 2012 Financial Results

TSX, NYSE MKT: BXE CALGARY, March 7, 2013 /PRNewswire/ - Bellatrix Exploration Ltd. ("Bellatrix" or the "Company") (TSX, NYSE MKT: BXE) announces its financial and operating results for the year ended December 31, 2012. Forward-Looking Statements This press release, including the report to shareholders, contains forward-looking statements.  Please refer to our cautionary language on forward-looking statements and the other matters set forth at the beginning of the management's discussion [Read more]

Crew Energy Issues 2012 Fourth Quarter and Annual Financial and Operating Results

CALGARY, ALBERTA--(Marketwire - Mar 7, 2013) - Crew Energy Inc. (CR.TO) of Calgary, Alberta ("Crew" or the "Company") is pleased to present its financial and operating results for the three month period and year ended December 31, 2012. Highlights Funds from operations in the fourth quarter increased 20% over the prior quarter to $47.1 million or $0.39 per share which was an 18% increase over the prior quarter funds from operations per share; Net income in 2012 was $21.5 million or [Read more]

Baytex Delivers Record Production And Strong Reserve Growth In 2012

CALGARY, ALBERTA--(Marketwire - Mar 7, 2013) - Baytex Energy Corp. ("Baytex") (BTE.TO) (BTE) reports its operating and financial results for the three months and year ended December 31, 2012 (all amounts are in Canadian dollars unless otherwise noted). Commenting on the results, James Bowzer, President and Chief Executive Officer of Baytex, said, "2012 was another very successful year for Baytex. In an environment which was especially challenging for heavy oil producers, Baytex was able to [Read more]