CALGARY, Aug. 10, 2016 /CNW/ - Connacher Oil and Gas Limited ("Connacher" or the "Company") announced that it has obtained an order from the Alberta Court of Queen's Bench extending the period of the Court-ordered stay of proceedings against Connacher under the Companies' Creditors Arrangement Act ("CCAA") until and including September 15, 2016. The Company has been operating under the protection of the CCAA since May 17, 2016. All inquiries regarding Connacher's CCAA proceedings should be [Read more]
Yangarra Announces Second Quarter 2016 Financial and Operating Results
CALGARY, Aug. 10, 2016 /CNW/ - Yangarra Resources Ltd. ("Yangarra" or the "Company") (TSX:YGR) announces its financial and operating results for the three and six months ended June 30, 2016. Second Quarter 2016 Highlights Production averaged 2,849 boe/d. Cash costs totaled $12.66/boe Operating costs of $7.01/boe. Transportation costs of $1.41/boe. Royalties of $0.45/boe (2% of revenue). G&A costs of $1.48/boe. Finance and interest costs of $2.31/boe. Oil [Read more]
Bellatrix Exploration Ltd. Announces Second Quarter 2016 Financial and Operating Results
TSX, NYSE: BXE CALGARY, Aug. 10, 2016 /CNW/ - Bellatrix Exploration Ltd. ("Bellatrix" or the "Company") (TSX, NYSE: BXE) announces its financial and operating results for the three and six months ended June 30, 2016. This press release contains forward-looking statements. Please refer to our cautionary language on forward-looking statements and the other matters set forth at the end of this press release and the beginning of the Management's Discussion and Analysis (the "MD&A") for the [Read more]
Keyera Announces Dividend Increase and August Dividend
CALGARY, Aug. 9, 2016 /CNW/ - Keyera Corp. (TSX:KEY) ("Keyera") announced today that it is increasing its cash dividend by 6% from 12.5 cents per common share to 13.25 cents per common share, or $1.59 per common share annually. The dividend increase is effective with the August dividend payable on September 15, 2016 to shareholders of record on August 22, 2016. The ex-dividend date is August 18, 2016. This dividend is an eligible dividend for the purposes of the Income Tax Act (Canada). For [Read more]
Keyera Announces Closing of Additional Ownership Interest Acquisition in Alder Flats Gas Plant
CALGARY, Aug. 9, 2016 /CNW/ - Keyera Corp. (TSX:KEY) ("Keyera") announced today that it has closed its previously announced acquisition of an additional 35% ownership interest from Bellatrix Exploration Ltd. ("Bellatrix") in the O'Chiese Nees-Ohpawganu'ck gas plant ("Alder Flats") and the associated gathering pipelines (collectively the "Facilities"). Total consideration for the acquisition was $112.5 million, which included the additional working interest in the Facilities, a 10-year [Read more]
Bellatrix Announces Closing of $80 Million Bought Deal Financing
TSX, NYSE: BXE - CALGARY, Aug. 9, 2016 /CNW/ - Bellatrix Exploration Ltd. ("Bellatrix" or the "Company") (TSX, NYSE: BXE) is pleased to announce that it has closed its previously announced bought deal financing (the "Offering") through a syndicate of underwriters (the "Underwriters") led by National Bank Financial Inc., pursuant to which the Company has issued and sold $50 million aggregate principal amount of 6.75% extendible unsecured subordinated convertible debentures (the "Debentures") at a [Read more]
TORC Oil & Gas Ltd. Announces Second Quarter 2016 Financial & Operational Results
CALGARY, Aug. 9, 2016 /CNW/ - TORC Oil & Gas Ltd. ("TORC" or the "Company") (TSX: TOG) is pleased to announce its financial and operating results for the three and six months ended June 30, 2016. The associated management's discussion and analysis ("MD&A") and unaudited interim financial statements as at and for the three and six months ended June 30, 2016 can be found at www.sedar.com and www.torcoil.com. Highlights Three months ended Six months ended [Read more]
Journey reports a series of transactions to transition the company to a lower operating cost growth business; Reports second quarter 2016 financial results and an upward revision to first quarter reported financial results
CALGARY, Aug. 8, 2016 /CNW/ - Journey Energy Inc. (JOY – TSX) ("Journey" or the "Company") is pleased to announce significant progress in its efforts to transform our asset base into a more focused lower operating cost core in order to position the company for rapid growth beginning in 2017. Over the last two months Journey has closed (or is in the process of closing) six transactions, and expects to close an additional two transactions by mid-September. Journey also announces its financial [Read more]
Pembina Pipeline Corporation Announces $500 Million Public Note Offering
CALGARY, Aug. 8, 2016 /CNW/ - Pembina Pipeline Corporation ("Pembina" or the "Company") (TSX: PPL, NYSE: PBA) announced today that it has agreed to issue $500 million of senior unsecured medium-term notes (the "Offering"). The notes carry a fixed coupon of 3.71 percent per annum, paid semi-annually, and mature on August 11, 2026 (the "Series 7 Notes"). Closing of the Offering is expected to occur on August 11, 2016 and the net proceeds will be used to repay short-term indebtedness of the [Read more]
Westcoast Energy and Union Gas Declare Dividends
VANCOUVER, Aug. 8, 2016 /CNW/ - On August 8, 2016, Westcoast Energy Inc. declared the following quarterly dividends: 5.50% CUMULATIVE FIRST PREFERRED SHARES, SERIES 7: A dividend of 34.375 cents per share payable on October 15, 2016 to shareholders of record at the close of business on October 1, 2016. 5.60% CUMULATIVE FIRST PREFERRED SHARES, SERIES 8: A dividend of 35.00 cents per share payable on October 15, 2016 to shareholders of record at the close of business on October 1, 2016. [Read more]
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