BOE Report

Perpetual Energy Inc. Announces $10 Million Non-Core Asset Sale

CALGARY, May 14, 2018 /CNW/ - (TSX:PMT) - Perpetual Energy Inc. ("Perpetual", or the "Company") is pleased to announce that it has closed the disposition of non-core royalty interests in eastern Alberta for gross proceeds of $10.0 million. The disposed assets were comprised of the 1% gross overriding royalty interest previously retained on 42 net sections (27,722 net acres) of undeveloped oil sands leases in northeast Alberta sold in June 2015 and March 2016. Approximately 5,700 boe of royalty [Read more]

Cona Resources Ltd. Announces Borrowing Base Redetermination and Amendments to its Credit Facility

CALGARY, May 14, 2018 /CNW/ - Cona Resources Ltd. ("Cona" or the "Company") (TSX: CONA) is pleased to announce that the annual review of its credit facility (the "Credit Facility") has been completed and certain terms of the Credit Facility were amended. The borrowing base and commitment amount of the Credit Facility was reduced to $300 million from $325 million. As of March 31, 2018, there was $198.9 million drawn on the Credit Facility. The reduced commitment amount will result in lower [Read more]

Obsidian Energy Announces First Quarter 2018 Financial and Operational Results

CALGARY, May 11, 2018 /CNW/ - OBSIDIAN ENERGY LTD. (TSX/NYSE – OBE) ("Obsidian Energy", the "Company", "we", "us" or "our") is pleased to announce its financial and operational results for the three months ended March 31, 2018. All figures are in Canadian dollars unless otherwise stated. David French, President and CEO commented, "Obsidian Energy had another solid quarter of drilling success, especially with momentum building in Willesden Green where our results continue to exceed [Read more]

Eagle Energy Inc. Announces First Quarter 2018 Results and Confirms Annual General Meeting Date

CALGARY, May 10, 2018 /CNW/ - (TSX: EGL):  Eagle Energy Inc. ("Eagle") is pleased to report its financial and operating results for the first quarter ended March 31, 2018. As a reminder, Eagle's annual general meeting ("AGM") will be held on June 26, 2018 at 10:00 a.m. at Altius Centre, 2nd Floor, 500 - 4 Avenue SW, Calgary for shareholders of record on May 14, 2018. When reflecting on Eagle's first quarter performance, Wayne Wisniewski, President and Chief Executive Officer, stated, [Read more]

Valeura Announces Voting Results from AGM

CALGARY, May 10, 2018 /CNW/ - Valeura Energy Inc. ("Valeura" or the "Corporation") (TSX: VLE) is pleased to provide the voting results from its annual and special meeting of shareholders held on May 10, 2018. Shareholders voted on and approved the following proposals: (1) the appointment of KPMG LLP as the auditors of the Corporation; (2) the election of the directors of the Corporation; (3) the approval of the amended and restated shareholders rights plan; and (4) [Read more]

MEG Energy reports strong first quarter 2018 results

Solid operational and financial results, along with substantial liquidity, position MEG well for its next stage of growth All financial figures in Canadian dollars ($ or C$) unless otherwise noted CALGARY, May 10, 2018 /CNW/ - MEG Energy Corp. (TSX:MEG) today reported first quarter 2018 operating and financial results. Highlights include: Record first quarter production volumes of 93,207 barrels per day (bpd), reflecting the continued ramp-up of MEG's eMSAGP growth initiative [Read more]

New West Energy Services Inc. Announces Equity Position of Financing Partner

CALGARY, May 10, 2018 /CNW/ - New West Energy Services Inc. (TSX Venture: NWE), an oil and gas and environmental services company focused on Western Canada, today announced that NWE and its primary capital and equipment financing partner, Nations Equipment Finance of Norwalk, Connecticut, have come to an agreement where Nations would acquire an equity stake in NWE. Under the terms of the agreement, NWE will issue to Nations 11,753,676 common shares in lieu of the [Read more]

TransAlta Renewables Reports First Quarter 2018 Results

CALGARY, May 10, 2018 /CNW/ - First Quarter 2018 Financial Highlights Comparable EBITDA(1) of $111 million was consistent with last year; Adjusted funds from operations(1) increased $14 million over Q1 2017; and Cash available for distribution(1) increased approximately 16% year-over-year. TransAlta Renewables Inc. ("TransAlta Renewables" or the "Company") (TSX: RNW) today reported its financial results for the three months ended March 31, 2018. Comparable EBITDA of $111 million was [Read more]

Enbridge Inc. Reports First Quarter 2018 Results

CALGARY, May 10, 2018 /CNW/ - Enbridge Inc. (Enbridge or the Company) (TSX:ENB) (NYSE:ENB) today reported first quarter 2018 financial results and provided a quarterly business update. FIRST QUARTER HIGHLIGHTS (all financial figures are unaudited and in Canadian dollars unless otherwise noted) GAAP earnings were $445 million or $0.26 per common share for the first quarter, including the impact of a number of unusual, non-recurring or non-operating factors Adjusted earnings were $1,375 [Read more]

Enbridge Income Fund Holdings Inc. Reports 2018 First Quarter Results

CALGARY, May 10, 2018 /CNW/ - Enbridge Income Fund Holdings Inc. (TSX: ENF) (ENF or the Company) today reported first quarter 2018 financial results and provided a quarterly business update. FIRST QUARTER HIGHLIGHTS(all financial figures are unaudited and in Canadian dollars unless otherwise noted) Loss of $184 million, or $1.06 per common share for the first quarter, materially impacted by a non-operating factor as a result of the adoption of a new International Financial Reporting Standards [Read more]