BOE Report

Tidewater announces $85 million sale of cogeneration units at Pipestone Gas Plant

CALGARY, March 25, 2019 /CNW/ - Tidewater Midstream and Infrastructure Ltd. ("Tidewater" or the "Corporation") is pleased to announce that it has entered into an asset purchase and sale agreement whereby the Corporation has divested of its Pipestone Gas Plant's 32MW cogeneration units to Kineticor Resource Corp. ("Kineticor"), a privately held power developer focused on thermal generation in Canada. Under the terms of the sale, the Corporation received a cash payment of $85 million and Kineticor [Read more]

Eagle Energy Inc. Announces 2018 Annual Results and Reserves Information

CALGARY, March 21, 2019 /CNW/ - (TSX: EGL): Eagle Energy Inc. ("Eagle") today reports its financial and operating results and its reserves information for the year ended December 31, 2018. When reflecting on 2018, Wayne Wisniewski, President and Chief Executive Officer, stated, "Eagle continues to execute its previously announced plan to reduce debt and corporate costs. Our 2018 full year administrative expenses, excluding one-time costs associated with the Salt Flat and Twining dispositions, [Read more]

Inter Pipeline Announces $750 million Hybrid Note Offering

/NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/ CALGARY, March 21, 2019 /CNW/ - Inter Pipeline Ltd. ("Inter Pipeline") (TSX: IPL) announced today that it has priced an offering of $750 million of 6.875% fixed-to-floating rate subordinated notes due March 26, 2079. The offering is expected to close on March 26, 2019. Inter Pipeline will use the net proceeds of the offering to fund capital projects, repay indebtedness under its revolving credit [Read more]

After 25 Years AltaGas Founder and Chairman Steps Down from Chairman Role

CALGARY, March 21, 2019 /CNW/ - AltaGas Ltd. (AltaGas) (TSX:ALA) announced today that after careful consideration, David Cornhill, Founder of AltaGas and Chairman, has elected to step down on April 1, 2019 from the Chairman position. The new Chair, Pentti Karkkainen has been appointed by the Board of Directors, effective April 2. Mr. Cornhill will remain on the Board, ensuring an orderly transition and continuity. "After being completely dedicated to the development and growth of AltaGas for [Read more]

Federal budget fails to address key issues dragging down the Canadian economy

CALGARY, March 19, 2019 /CNW/ - The Government of Canada has acknowledged the challenges facing Canada's oil and natural gas industry but has not taken any action to resolve the underlying issues, according to the Canadian Association of Petroleum Producers. Canada has lost billions of dollars in capital investment and wage growth as a result of a growing competitiveness gap facing the oil and natural gas industry. As global energy demand continues to grow, [Read more]

Bonavista Energy Corporation Confirms Dividend for April 15, 2019

(TSX:  BNP) CALGARY, March 15, 2019 /CNW/ - Bonavista Energy Corporation ("Bonavista") confirms that a quarterly dividend of $0.01 per common share will be paid in cash on April 15, 2019 to common shareholders of record on March 29, 2019. The ex-dividend date is March 28, 2019. Bonavista's dividend policy is reviewed quarterly and is based on future commodity prices, foreign exchange rates, our commodity hedging program, current operations and future [Read more]

Pembina Pipeline Corporation Announces Conversion Results for Series 17 Preferred Shares

CALGARY, March 15, 2019 /CNW/ - Pembina Pipeline Corporation ("Pembina") (TSX: PPL; NYSE: PBA) announced today that none of Pembina's Cumulative Redeemable Rate Reset Class A Preferred Shares, Series 17 ("Series 17 Shares") (TSX: PPL.PR.Q) will be converted into Cumulative Redeemable Floating Rate Class A Preferred Shares, Series 18 of Pembina ("Series 18 Shares") on March 31, 2019. After taking into account all conversion notices received from holders of its outstanding Series 17 Shares by [Read more]

NEB releases report on optimizing oil pipeline and rail capacity out of Western Canada

CALGARY, March 15, 2019 /CNW/ - The National Energy Board (NEB) today released its report examining short and long-term options to optimize oil pipeline capacity out of Western Canada as requested by the Honourable Amarjeet Sohi, Minister of Natural Resources. The report states that any notable increase in pipeline or rail capacity would need to come from new major infrastructure projects as current pipeline capacity is fully utilized and rail infrastructure is operating at or near capacity. The [Read more]

TORC Oil & Gas Ltd. Confirms Monthly Dividend for March 2019

/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/ CALGARY, March 15, 2019 /CNW/ - TORC Oil & Gas Ltd. ("TORC" or the "Company") (TSX:TOG) is pleased to confirm that a dividend of $0.022 per common share will be paid on April 15, 2019 to common shareholders of record on March 31, 2019. The ex-dividend date is March 28, 2019, with payment to be made in cash or common shares at the election of the shareholder. Any common shareholder choosing to [Read more]

Connacher Oil and Gas Limited Announces Extension of CCAA Stay

CALGARY, March 15, 2019 /CNW/ - Connacher Oil and Gas Limited ("Connacher" or the "Company") announces that it has obtained an order from the Alberta Court of Queen's Bench extending the period of the Court-ordered stay of proceedings against Connacher under the Companies' Creditors Arrangement Act ("CCAA") until June 28, 2019. The Company has been operating under the protection of the CCAA since May 17, 2016. All inquiries regarding Connacher's CCAA proceedings should be directed to the [Read more]