CALGARY, Jan. 20, 2017 /CNW/ - Enerplus Corporation ("Enerplus") (TSX: ERF) (NYSE: ERF) announces that a cash dividend in the amount of CDN$0.01 per share will be payable on February 15, 2017 to all shareholders of record at the close of business on January 31, 2017. The ex-dividend date for this payment is January 27, 2017. The CDN$0.01 per share dividend is equivalent to approximately US$0.01 per share if converted using the current Canadian/US dollar exchange rate of 0.7502. The U.S. dollar [Read more]
Northern Blizzard Resources Inc. Announces Increase and Extension to Substantial Issuer Bid
CALGARY, Jan. 19, 2017 /CNW/ - Northern Blizzard Resources Inc. ("Northern Blizzard" or the "Company") (TSX:NBZ) announces that it is increasing the number of its common shares ("Shares") eligible under its previously announced substantial issuer bid (the "Offer") to up to $90.0 million of its Shares at a purchase price of $4.00 per Share, for a maximum of 22,500,000 Shares. As of January 19, 2017, there were 123,505,757 Shares issued and outstanding, and accordingly, the Offer is now for up to [Read more]
Alberta business owners adapting to economic conditions says ATB
EDMONTON, Jan. 19, 2017 /CNW/ - As ATB Financial reported last month, optimism among Alberta entrepreneurs is on the rise. Still, the economic downturn has had a significant impact on a majority of small and mid-sized enterprises (SMEs) in the province. According to the latest ATB Business Beat survey, many Alberta SMEs have had to adapt to the times by changing the way they do business. Some of the changes businesses have made to make it through the downturn included: Cutting down on [Read more]
Montana Exploration Corp. Completes Rights Offering
CALGARY, Jan. 18, 2017 /CNW/ - Montana Exploration Corp. ("Montana" or the "Company") (TSXV: MTZ) is pleased to announce that the Company raised gross proceeds of $1,496,245.34 from its previously announced offering of rights ("Rights") which expired on January 13, 2017 (the "Rights Offering"). Proceeds of the Rights Offering will be applied to the Company's working capital deficiency and to fund general and administrative expenses as the Company seeks partners to build upon the success of the [Read more]
Advantage Provides Operational Update – Glacier Montney Development Outperforms 2016 Operating & Financial Targets
(TSX: AAV, NYSE: AAV) CALGARY, Jan. 18, 2017 /CNW/ - Advantage Oil & Gas Ltd. ("Advantage" or the "Corporation") is pleased to report that our 2016 operating and financial results outperformed the Corporation's previously disclosed guidance targets. Fourth quarter production, 2016 annual production, operating costs and cash flow were at or exceeded the higher end of guidance reinforcing our industry leading efficiencies, operational expertise and the exceptional quality of Advantage's [Read more]
Bank of Canada maintains overnight rate target at 1/2 per cent
OTTAWA, Jan. 18, 2017 /CNW/ - The Bank of Canada today announced that it is maintaining its target for the overnight rate at 1/2 per cent. The Bank Rate is correspondingly 3/4 per cent and the deposit rate is 1/4 per cent. Uncertainty about the global outlook is undiminished, particularly with respect to policies in the United States. The Bank has made initial assumptions about prospective tax policies only, resulting in a modest upward revision to its US growth outlook. Overall, the global [Read more]
Enerplus Announces Conference Call for Year-End 2016 Results
CALGARY, Jan. 18, 2017 /CNW/ - Enerplus Corporation ("Enerplus") (TSX: ERF) (NYSE: ERF) will be releasing operating and financial results for the year ended December 31, 2016 prior to market open on Friday, February 24, 2017. A conference call will be hosted by Mr. Ian C. Dundas at 9:00 AM MT (11:00 AM EST) to discuss these results. Details of the conference call are as follows: Year-End 2016 Results Live Conference Call Date: Friday, February 24, 2017Time: 9 AM MT (11:00 AM [Read more]
Pembina Pipeline Corporation Announces $600 Million Public Note Offering
CALGARY, Jan. 17, 2017 /CNW/ - Pembina Pipeline Corporation ("Pembina" or the "Company") (TSX: PPL, NYSE: PBA) announced today that it has agreed to issue $600 million of senior unsecured medium-term notes (the "Offering"). The Offering will be conducted in two tranches consisting of $300 million in senior unsecured medium-term notes, series 8 (the "Series 8 Notes") having a fixed coupon of 2.99% per annum, paid semi-annually, and maturing on January 22, 2024, and $300 million in senior [Read more]
ARC Resources Ltd. Confirms February 15, 2017 Dividend Amount
CALGARY, Jan. 16, 2017 /CNW/ - (ARX - TSX) ARC Resources Ltd. ("ARC") confirms that an eligible dividend of $0.05 per share will be paid on February 15, 2017 to shareholders of record on January 31, 2017. The ex-dividend date is January 27, 2017. As at January 16, 2017 the trailing 12-month payments to investors, including the January 16, 2017 payment, total $0.65 per share. ARC offers a Dividend Reinvestment Plan ("DRIP") and Stock Dividend Program ("SDP") as optional plans for its [Read more]
Northern Blizzard Resources Inc. Announces January 2017 Dividend
CALGARY, Jan. 16, 2017 /CNW/ - Northern Blizzard Resources Inc. ("Northern Blizzard") (TSX: NBZ) announced today a cash dividend of $0.02 per common share for January 2017. The dividend will be payable on February 15, 2017 to shareholders of record on January 31, 2017. This dividend has been designated as an eligible dividend under the Income Tax Act (Canada). Northern Blizzard Northern Blizzard is a Canadian crude oil production and development company focused on maximizing oil recovery from [Read more]
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