CALGARY, Dec. 6, 2016 /CNW/ – Montana Exploration Corp. ("Montana Exploration" or the "Company") (TSXV: MTZ) today announced that it will be offering rights to holders of its common shares at the close of business on the record date of December 12, 2016, on the basis of one right for each common share held (the "Rights Offering"). Each four (4) rights will entitle the holder to subscribe for one common share of Montana Exploration Corp. upon payment of the subscription price of C$0.195 per [Read more]
Recession Over for Saskatchewan, but Economy Will Remain Weak
OTTAWA, Dec. 8, 2016 /CNW/ - Saskatchewan's economy contracted again this year, but conditions are forecast to improve gradually going forward. After declining by 1.5 per cent this year, overall economic growth is expected to resume in 2017, with GDP rising by 1.2 per cent, according to The Conference Board of Canada's Provincial Outlook: Autumn 2016. "The economic outlook for Saskatchewan is improving but the road to recovery won't be easy. The downturn in commodity markets appears to have [Read more]
Out of recession: recovery to take place in Alberta but at a moderate pace
OTTAWA, Dec. 8, 2016 /CNW/ - Alberta is forecast to emerge from one of the worst recessions to hit the province in decades next year, albeit economic recovery is likely to be modest, according to The Conference Board of Canada's Provincial Outlook: Autumn 2016. "It appears that the worst may be over for Alberta, but the road to recovery won't be easy. Given the lower oil price environment, energy sector budgets are not expected to increase substantially over the next few years, capping the [Read more]
Pembina Pipeline Corporation Declares December 2016 Common Share Dividend
CALGARY, Dec. 6, 2016 /CNW/ - Pembina Pipeline Corporation ("Pembina" or the "Company") (TSX: PPL; NYSE: PBA) announced today that its Board of Directors declared a common share cash dividend for December 2016 of $0.16 per share to be paid, subject to applicable law, on January 15, 2017 to shareholders of record on December 31, 2016. This dividend is designated an "eligible dividend" for Canadian income tax purposes. For non-resident shareholders, Pembina's common share dividends should be [Read more]
Calfrac announces closing of $60 million private placement
/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/ CALGARY, Dec. 6, 2016 /CNW/ - Calfrac Well Services Ltd. ("Calfrac") (TSX–CFW) is pleased to announce the closing of its previously announced private placement of 21,055,000 common shares of Calfrac ("Shares") at a price of $2.85 per Share, for total gross proceeds of approximately $60 million. The offering was underwritten by a syndicate of underwriters led by Peters & Co. Limited and [Read more]
Georox Resources Announces Red Earth, Alberta Project Update
KELOWNA, BC, Dec. 6, 2016 /CNW/ - Georox Resources Inc. ("Georox" or the Corporation") (GXR:TSX-V; OF6A:FRA) Recently Georox has initiated a process to enhance production and reduce operating costs from its existing oil wells at Red Earth, Alberta. In addition the company has pre evaluated opportunities beyond primary oil recovery. The Corporation owns 2.125 sections of land and operates eight wells. The property is located approximately 320 km northwest of Edmonton. Georox is producing 78 [Read more]
Pembina Pipeline Corporation Announces 2017 Capital Program of $1.9 Billion and Alberta Government Royalty Credit Award
(All financial figures are approximate and in Canadian dollars unless otherwise noted. This news release refers to earnings before interest, taxes, depreciation and amortization ("EBITDA") which is a financial measure that is not defined by Generally Accepted Accounting Principles ("GAAP"). For more information about EBITDA, see "Non-GAAP Measures" herein.) CALGARY, Dec. 5, 2016 /CNW/ - Pembina Pipeline Corporation ("Pembina" or the "Company") (TSX: PPL; NYSE: PBA) announced that its Board of [Read more]
Sturgeon Refinery project contributes to economic activity in Canada: Conference Board of Canada
HIGHLIGHTS Both the construction and operations phases of Phase One of the Sturgeon Refinery project will increase gross domestic product (GDP), government revenues, and employment. The construction phase is nearing completion and is estimated to increase Canadian gross domestic product (GDP) by almost $8 billion, generate nearly $2 billion in government revenues, and support about 76,000 person years of employment. The operations phase is expected to increase Canadian GDP by an [Read more]
Irving Oil Announces Expansion of its Terminal Network in Nova Scotia
Acquisition of four storage facilities will strengthen energy supply and delivery across the province HALIFAX, Dec. 5, 2016 /CNW/ - Irving Oil announced today that it has entered into a purchase agreement to acquire four inland storage facilities in Nova Scotia from Valero Energy Inc. The storage facilities are located in the communities of Port Hawkesbury, New Glasgow, Yarmouth and Bridgewater and represent a combined capacity of nearly 21,000 barrels of gasoline, diesel and home heating [Read more]
Northern Blizzard Resources Inc. Announces Changes to Dividend, Substantial Issuer Bid and 2017 Guidance
CALGARY, Dec. 5, 2016 /CNW/ - Northern Blizzard Resources Inc. ("Northern Blizzard" or the "Company") (TSX: NBZ) is pleased to announce a revised monthly dividend of $0.02 per common share, the discontinuance of stock dividends under its Stock Dividend Program, the intention to purchase up to $75.0 million of its common shares under a substantial issuer bid and 2017 guidance. DIVIDEND Northern Blizzard's Board of Directors (the "Board") considers a number of factors in determining the [Read more]
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