CALGARY, Sept. 8, 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 September 2016 of $0.16 per share to be paid, subject to applicable law, on October 15, 2016 to shareholders of record on September 25, 2016. This dividend is designated an "eligible dividend" for Canadian income tax purposes. For non-resident shareholders, Pembina's common share dividends should [Read more]
Post-oil-shock recovery scaled back for Canada: CIBC
Outlook calls for a weaker Canadian dollar to help stimulate exports and capital spending TORONTO, Sept. 7, 2016 /CNW/ - After absorbing the worst of what the oil shock could dish out, the Canadian economy is in better shape, but real GDP growth will fall short of 2 per cent in each of the next two years, finds a new report from CIBC Capital Markets. "As it seeks to replace the role previously filled by energy sector capital spending, Canada will find that there's a longer fuse for the [Read more]
Surge Energy Inc. Announces Preliminary Guidance For 2017 and Upward Revision to 2016 Production Exit Rate
CALGARY, Sept. 6, 2016 /CNW/ - Surge Energy Inc. ("Surge" or the "Company") (TSX: SGY) announces preliminary guidance for 2017, with production averaging more than 13,650 boepd, and a 2017 production exit rate of 14,150 boepd. In addition, Surge announces an upward revision to the Company's previously announced 2016 production exit rate estimate from 13,000 boepd to 13,500 boepd. PRELIMINARY GUIDANCE FOR 2017 In 2017 Surge plans to deliver approximately five percent growth in production [Read more]
Trident Exploration Corp Announces New Board of Directors
CALGARY, Sept. 5, 2016 /CNW/ - Trident Exploration Corp. ("Trident" or the "Company") is pleased to announce changes in ownership and introduce its new board of directors. Upon completion of the Company's recapitalization scheduled for September 6, 2016, certain funds managed by Origami Capital Partners ("Origami"), a registered investment advisor based in Chicago, Illinois with investments of over US$700 million since its inception in 2008, will hold a majority of Trident's issued and [Read more]
Twin Butte Energy Announces Appointment of Receiver
CALGARY, Sept. 2, 2016 /CNW/ - Twin Butte Energy Ltd. (TSX: TBE) ("Twin Butte" or the "Company") announces that the Court of Queens Bench of Alberta has granted the application of the Company's syndicate lenders, to appoint FTI Consulting Canada Inc. (the "Receiver") as receiver and manager over the assets, undertakings and property of Twin Butte. The Receiver is charged with managing the day to day affairs of the Company during the period of its appointment and should be contacted with respect [Read more]
TORC Oil & Gas Announces Closing of Strategic Acquisition in Southeast Saskatchewan
CALGARY, September 1, 2016 /CNW/ - TORC Oil & Gas Ltd. ("TORC" or the "Company") (TSX:TOG) is pleased to announce the closing of the previously announced complementary asset acquisition in southeast Saskatchewan. The strategic acquisition includes 1,120 boepd (~95% light oil and liquids) of low decline, high netback, light oil producing assets. In conjunction with the acquisition, TORC completed an $86 million bought deal public offering and a $25 million private placement with its [Read more]
Twin Butte Energy Debentureholders Outline Proposed Alternative Transaction as Presented to the Special Committee of Twin Butte’s Board
CALGARY, Aug. 30, 2016 /CNW/ - Dear Twin Butte Securityholders, We, the ad hoc committee of unaffiliated senior debentureholders (the "Ad Hoc Group") of Twin Butte Energy Ltd. ("Twin Butte"), wish to update Twin Butte's securityholders concerning recent developments in connection with the proposed restructuring of Twin Butte: Immediately following the special meeting of the Twin Butte securityholders held on August 29, 2016, the Ad Hoc Group presented an alternate restructuring [Read more]
Toro Oil & Gas Ltd reports second quarter 2016 financial and operating results, amended credit facility and corporate update
CALGARY, Aug. 30, 2016 /CNW/ - Toro Oil & Gas Ltd. (TSXV: TOO) ("Toro" or the "Company") announces its financial and operating results for the three and six month period ended June 30, 2016. Selected financial and operational information is set out below and should be read in conjunction with Toro's June 30, 2016 interim financial statements and the related management's discussion and analysis, which are available for review at www.sedar.com or the Company's website at [Read more]
Connacher Announces Q2 2016 Results
CALGARY, Aug. 26, 2016 /CNW/ - Connacher Oil and Gas Limited ("Connacher" or the "Company") announces its financial and operating results for the three and six months ended June 30, 2016 ("Q2 2016") (all amounts are in Canadian dollars unless otherwise noted). Q2 2016 Highlights Financial Q2 2016 and YTD 2016 revenue, net of royalties, decreased 68% to $22.8 million (Q2 2015 - $71.3 million) and 72% to $34.6 million (YTD 2015 - $125.1 million), respectively, due to the decline in [Read more]
Virginia Hills Oil Corp. Announces Strategic Alternatives Process, Second Quarter of 2016 Results and General Operation Update
TSX Venture Exchange: VHO - CALGARY, Aug. 26, 2016 /CNW/ - Virginia Hills Oil Corp. ("Virginia Hills" or the "Company") announces it has initiated a strategic review process, provides its operating and financial results for the three and six months ended June 30, 2016, and provides a general corporate operational update including the extension of its syndicated debt facility and the successful start of its 2016 drilling program. The Company's unaudited interim financial statements and related [Read more]
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