BOE Report

Enbridge Income Fund Holdings Inc. Announces Election of Directors

CALGARY, May 9, 2018 /CNW/ - Enbridge Income Fund Holdings Inc. (the Company) (TSX:ENF) announced that the nominees listed in the Management Information Circular dated March 12, 2018 were elected as directors of the Company at the Annual Meeting held earlier today in Calgary, Alberta.  Detailed results of the vote are set out below. Election of DirectorsOn a vote by ballot, the following six nominees were elected as directors of the Company to hold office until the end of the next annual [Read more]

Gear Energy Ltd. Announces First Quarter 2018 Operating Results

CALGARY, May 9, 2018 /CNW/ - Gear Energy Ltd. ("Gear" or the "Company") (TSX:GXE) is pleased to provide the following first quarter operating update to shareholders. Gear's Interim Financial Statements and related Management's Discussion and Analysis ("MD&A") for the period ended March 31, 2018 are available for review on Gear's website at www.gearenergy.com and on www.sedar.com. Three months ended (Cdn$ thousands, except per boe amounts) March 31, [Read more]

Enbridge Reinforces Regulatory Case on Line 3 Replacement Project

Exceptions filed to Minnesota Public Utilities Commission Docket CALGARY, May 9, 2018 /CNW/ - Enbridge Inc. (TSX: ENB) (NYSE: ENB) and Enbridge Energy Partners, L.P. (NYSE:EEP) (collectively referred to as Enbridge) filed today its Exceptions to the Findings of Fact, Conclusions of Law and Recommendations of the Administrative Law Judge (ALJ) with the Minnesota Public Utilities Commission (MPUC). Following a comprehensive review of the non-binding ALJ recommendation on the Line 3 Replacement [Read more]

Enbridge Energy Partners, L.P. Reports First Quarter 2018 Results

HOUSTON, May 9, 2018 /CNW/ - Enbridge Energy Partners, L.P. (NYSE: EEP) (EEP or the Partnership) today reported first quarter 2018 financial results and provided a quarterly business update. EEP reported net income of $172 million, including net income from controlling interests of $74 million, for the first quarter ended March 31, 2018, with earnings per limited partner unit of $0.15. The first quarter results included non-recurring special items of $44 million, which increased earnings per [Read more]

Yangarra Announces First Quarter 2018 Financial and Operating Results

CALGARY, May 9, 2018 /CNW/ - Yangarra Resources Ltd. ("Yangarra" or the "Company") (TSX:YGR) announces its financial and operating results for the three months ended March 31, 2018. First Quarter Highlights Production of 7,507 boe/d (59% liquids), an increase of 12% from the fourth quarter of 2017. Oil and gas sales were $29.7 million with funds flow from operations of $18.6 million ($0.22 per share - basic). Adjusted EBITDA (which excludes changes in derivative financial [Read more]

Enbridge Announces US$1.120 Billion Sale of U.S. Midstream Businesses

CALGARY, May 9, 2018 /CNW/ - Enbridge Inc. (TSX: ENB) (NYSE: ENB) (Enbridge or the Company) today announced its indirect subsidiary, Enbridge (U.S.) Inc., has entered into a definitive agreement to sell Midcoast Operating, L.P. and its subsidiaries (Midcoast), which conducts the Company's U.S. natural gas and natural gas liquids (NGL) gathering, processing, transportation and marketing businesses, serving established basins in Texas, Oklahoma and Louisiana, to AL Midcoast Holdings, LLC (AL [Read more]

Enbridge Income Fund Holdings Inc. Announces Agreement to Sell 49% of its Interests in Renewable Power Assets for $1,050M

CALGARY, May 9, 2018 /CNW/ - Enbridge Income Fund Holdings Inc. (TSX:ENF) ("ENF") announced today that affiliates of Enbridge Income Fund (the "Fund") have entered into agreements with the Canadian Pension Plan Investment Board (CPPIB) whereby the Fund will monetize a 49 percent interest in select renewable and power generation assets (the "Assets") for approximately CAD$1.05 billion in cash. This transaction is part of a broader arrangement through which CPPIB will also acquire 49 percent [Read more]

Enbridge to Sell 49 Percent of its Interests in Select Renewable Power Assets for $1.75 Billion

CALGARY, May 9, 2018 /CNW/ - Enbridge Inc. (TSX, NYSE: ENB) (Enbridge or the Company) has entered into agreements with the Canada Pension Plan Investment Board (CPPIB) to monetize a 49 percent interest in select North American onshore renewable power assets, as well as 49 percent of Enbridge's interests in two German offshore wind projects (Hohe See, and related expansion) through a newly created joint venture with CPPIB, for approximately CAD$1.75 billion. The assets being contributed by [Read more]

Paramount Resources Ltd. Reports First Quarter 2018 Results

CALGARY, May 9, 2018 /CNW/ - OIL AND GAS OPERATIONS Paramount's sales volumes averaged 92,203 Boe/d in the first quarter of 2018 compared to 16,163 Boe/d in the first quarter of 2017. Third-party outages, due to unscheduled downtime and extremely cold weather conditions, impacted production by approximately 6,000 Boe/d in the quarter. Montney wells at Karr are maintaining higher condensate rates for longer periods after initial start-up. To maximize cash flows, the Company is [Read more]

Journey Energy Inc. Reports First Quarter 2018 Results, Announces a Significant Pool Extension in Matziwin, and Updates Activity on Its East Duvernay Resource Play

CALGARY, May 8, 2018 /CNW/ - Journey Energy Inc. (JOY – TSX) ("Journey" or the "Company") is pleased to announce its financial results for the first quarter of 2018.  The complete set of financial statements and management discussion and analysis for the periods ended March 31, 2018 and 2017 are posted on www.sedar.com and on the Company's website www.journeyenergy.ca. Highlights for the first quarter and to date are as follows: Achieved a production level of 10,117 boe/d in the first [Read more]