TORONTO, Aug. 23, 2019 /CNW/ - Gencan Capital Inc. (CSE - "GCA" – Common) Revenues for the nine month period ended June 30, 2019 were $4,526 compared to $322,653 in the comparable 2018 period. Net Loss for the period was $78,438 compared to $31,143 in the comparable 2018 period. Loss per share for the period was $0.00 in both the current and 2018 period. As a result of the July 2018 sale of the Company's solar equipment, no solar energy generation revenue was earned during the nine months … [Read more...]
Clearview Reports Second Quarter Results and Operations Update
Adjusted funds flow of $1.3 million, $5.98 per barrel of oil equivalent ("boe"), in the second quarter, up 89% from the comparative quarter of 2018 and $3.3 million of adjusted funds flow for the six months ended June 30, 2019, up 228%, versus the comparative six months of 2018 Reduced net debt by $1.9 million to $16.3 million at June 30, 2019 resulting in a net debt to annualized six-month adjusted funds flow ratio of 2.4:1 Increased oil production 56% and 55%, in the three and six months … [Read more...]
Bonterra Energy Corp. Provides Update on Fluid Release at Central Alberta Well Site
CALGARY, Aug. 22, 2019 /CNW/ - Bonterra Energy Corp. (www.bonterraenergy.com) (TSX: BNE) ("Bonterra" or the "Company") today provides an update on the previously reported release of emulsion related to a pipeline that severed on August 15, 2019 after a creek bank collapsed as a result of area flooding approximately 25 km southwest of Drayton Valley, AB. The Company confirms that the emergency phase, which had been initiated immediately upon identification of the incident, has now been … [Read more...]
Pembina Pipeline Corporation to Acquire Kinder Morgan Canada and the Cochin Pipeline for $4.35 Billion and Increase Dividend
All financial figures are approximate and in Canadian dollars unless otherwise noted. This news release refers to adjusted earnings before interest, taxes, depreciation and amortization ("adjusted EBITDA") and adjusted cash flow from operating activities per share ("adjusted cash flow per share"), which are financial measures that are not defined by Generally Accepted Accounting Principles ("GAAP"). For more information about these metrics, see "Non-GAAP Measures" herein. CALGARY, Aug. 21, … [Read more...]
Hemisphere Energy Announces Second Quarter 2019 Financial and Operating Results
Hemisphere Energy Corporation (TSX-V: HME) ("Hemisphere" or the "Company") announces its financial and operating results for the three months and six months ended June 30, 2019. Q2 2019 HIGHLIGHTS Achieved record revenue of $7.4 million, an increase of 32% over the second quarter of 2018. Realized quarterly funds flow from operations of $2.6 million, a 105% increase over the same respective quarter of 2018. Increased average quarterly production by 30% to 1,367 boe/d (96% oil), … [Read more...]
Enbridge Announces Conversion Results for Series 3 Preferred Shares
CALGARY, Aug. 19, 2019 /CNW/ - Enbridge Inc. (TSX: ENB) (NYSE: ENB) (Enbridge or the Company) announced today that none of its outstanding Cumulative Redeemable Preference Shares, Series 3 (Series 3 Shares) will be converted into Cumulative Redeemable Preference Shares, Series 4 of Enbridge (Series 4 Shares) on September 1, 2019. After taking into account all conversion notices received from holders of its outstanding Series 3 Shares by the August 19, 2019 deadline for the conversion of the … [Read more...]
Bonterra Energy Corp. Reports Fluid Release at Central Alberta Well Site
Bonterra Energy Corp. (www.bonterraenergy.com) (TSX: BNE) ("Bonterra" or the "Company") reports that the Company has identified, responded to, and is addressing, a release of emulsion related to a pipeline that severed following a creek bank collapse due to recent flooding approximately 25 km southwest of Drayton Valley, AB. On the afternoon of August 15, 2019, Bonterra identified a release of emulsion from a pipeline that severed due to the complete collapse of a creek bank following recent … [Read more...]
Perpetual Energy Inc. Receives Favourable Decision Relating to the Ongoing Sequoia Litigation
Perpetual Energy Inc. ("Perpetual" or the "Company") is pleased to announce that the Alberta Court of Queen's Bench (the "Court") has dismissed and struck all but one of the claims filed by PriceWaterhouseCoopers Inc. LIT ("PWC"), in its capacity as trustee in bankruptcy of Sequoia Resources Corp. ("Sequoia") against Perpetual and Sue Riddell Rose, the Company's President and Chief Executive Officer ("Ms. Rose"). These claims relate to a transaction that involved the sale by Perpetual of legacy … [Read more...]
Whitecap Resources Inc. Confirms Monthly Dividend for August of $0.0285 Per Share
CALGARY, Aug. 15, 2019 /CNW/ - Whitecap Resources Inc. (TSX: WCP) is pleased to announce that a cash dividend of Cdn. $0.0285 per common share in respect of August operations will be paid on September 16, 2019 to shareholders of record on August 31, 2019. This dividend is an eligible dividend for the purposes of the Income Tax Act (Canada). About WhitecapWhitecap Resources Inc. is an oil-weighted growth company that pays a monthly cash dividend to its shareholders. We are focused on profitable … [Read more...]
TORC Oil & Gas Ltd. Confirms Monthly Dividend for August 2019
/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/ CALGARY, Aug. 15, 2019 /CNW/ - TORC Oil & Gas Ltd. ("TORC" or the "Company") (TSX:TOG) is pleased to confirm that a dividend of $0.025 per common share will be paid on September 16, 2019 to common shareholders of record on August 31, 2019. The ex-dividend date is August 29, 2019, with payment to be made in cash or common shares at the election of the shareholder. Any common shareholder choosing … [Read more...]
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