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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]

Canadian Natural Resources Limited Announces 2012 Fourth Quarter and Year End Results

CALGARY, ALBERTA--(Marketwire - Mar 7, 2013) - Canadian Natural Resources Limited ( TSX : CNQ ) ( NYSE : CNQ ) Commenting on fourth quarter and year end results, Canadian Natural's Vice-Chairman, John Langille stated, "Canadian Natural generated in 2012 over $6.0 billion of annual cash flow from operations and demonstrated capital discipline throughout the year. The Company's exhibited long term ability to maintain flexibility of capital allocation and financial discipline over different [Read more]

Interview with CP Rail’s Ed Greenberg

We interviewed Ed Greenberg from CP Rail about the company's involvement in and plans for shipping crude oil. Based on estimates, CP Rail forecasts it could ship around 70,000 carloads of crude oil in 2013--that's 45.5 million barrels of crude! Press the ‘play button’ to listen to this fascinating interview: [Read more]

Peyto Announces Q4 and Year End 2012 Report to Shareholders

CALGARY, ALBERTA--(Marketwire - March 6, 2013) - Peyto Exploration & Development Corp. ("Peyto" or the "Company") (PEY.TO) is pleased to report operating and financial results for the fourth quarter and the 2012 fiscal year. Peyto grew production and reserves per share to record levels in 2012 while delivering a 76% operating margin1 and a 23% profit margin2. An 8% return on capital and an 8% return on equity were achieved despite historically low natural gas prices. Highlights for 2012 [Read more]

Exxon Mobil expects production to dip this year on drop in natural gas, then rise next 4 years

  NEW YORK - Exxon Mobil Corp. expects production to decline by about 1 per cent this year due to weaker output of natural gas, then rise in the next few years as new projects start up. The oil and gas giant expects annual production to rise by 2 per cent to 3 per cent per year through 2017. The company gave the forecast Wednesday at its annual meeting with analysts. Exxon Mobil's production fell 6 per cent last year, but the company still earned $44.9 billion, barely missing [Read more]

REPORT: $25 billion in-place to build Kitimat oil refinery

  VANCOUVER - B.C. newspaper mogul David Black says a group of U.S. investors has committed funding for his plan to build a $25-billion oil refinery near the city of Kitimat on the province's northern coast. Speaking in Vancouver, Black says details still have to be worked out, but a memorandum of understanding has been signed and he insists it's "100 per cent." He says he expects to announce more details about the investors in the coming weeks. Black's plan is for a refinery to [Read more]

Crude oil inventory rises well above analyst forecasts

U.S. commercial crude oil inventories increased by 3.8 million barrels from the previous week, well above the expected build of ~3.8 million barrels due to higher refinery utilization. Total crude oil stocks of 381.4 million barrels are well above the upper limit of the average range for this time of year. Total commercial petroleum inventories decreased by 2.4 million barrels last week. [table] [attr style="width: 25%"]March 1`[attr style="width: 25%"]February 22`[attr style="width: [Read more]

Talisman Energy to cut capital budget by 25 per cent, work on more asset sales

  CALGARY - Talisman Energy Inc. (TSX:TLM) is planning a further $2.3 billion of dispositions or joint ventures over the next 12 to 18 months, including marketing some of its assets in western Canada. The Calgary-based oil and gas company has reduced its capital budget to $3 billion this year, a 25 per cent reduction from 2012. Talisman says the reduced capital budget is mostly as a result of the sale of most of its North Sea operations last year to Chinese oil giant Sinopec for [Read more]