Production up 26 percent, liquids at record 399,000 barrels per day Upstream unit cash costs reduced by 25 percent Sale of company-owned retail stations proceeding for $2.8 billion CALGARY, April 29, 2016 /CNW/ - First quarter (millions of dollars, unless noted) 2016 2015 % Net income (loss) (U.S. GAAP) (101) 421 (124) Net income (loss) per common share - assuming dilution [Read more]
Whitecap Resources Inc. announces results of shareholders' meeting
CALGARY, April 28, 2016 /CNW/ - Whitecap Resources Inc. ("Whitecap") (TSX: WCP) is pleased to announce that all matters presented for approval at the annual and special meeting of shareholders held today have been fully authorized and approved. A total of 190,116,141 common shares representing 60.47% of Whitecap's issued and outstanding common shares were voted in connection with the meeting. At the meeting, all of the nominees proposed as directors were duly elected as directors of [Read more]
Smoothwater Capital acquires additional shares of Alberta Oilsands Inc. and urges the Board to take immediate action in the interests of shareholders
TORONTO, April 28, 2016 /CNW/ - Smoothwater Capital Corporation ("Smoothwater") announced today that it acquired on April 28, 2016, through the facilities of the OTC Bulletin Board, ownership of 2,502,700 common shares of Alberta Oilsands Inc. ("AOS") (representing approximately 1.18% of the issued and outstanding common shares of AOS) at an average price of US$0.0925 per share. After giving effect to this purchase, Smoothwater now owns an aggregate of 29,267,099 common shares of AOS, [Read more]
Canada’s oil industry to endure losses for second consecutive year in 2016
Natural gas industry also expected to lose money in 2016 OTTAWA, April 28, 2016 /CNW/ - Canada's oil and natural gas extraction industries are expected to be in the red again this year, according to The Conference Board of Canada's latest outlooks for the industries. Following a record pre-tax loss of more than $7 billion last year, Canada's oil extraction industry is expected to post losses of over $3 billion in 2016. Meanwhile, Canadian natural gas producers losses are expected to total $1 [Read more]
Cenovus reports voting results of election of Directors
CALGARY, April 27, 2016 /CNW/ - Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE) announced that at its annual meeting of shareholders held on April 27, 2016, each of the 11 nominees proposed as Directors and listed in its Management Information Circular dated March 4, 2016 were elected as Directors. The detailed results of the vote are set out below. Nominee Votes for Votes withheld Number Percent Number Percent Patrick D. Daniel [Read more]
Pembina Pipeline Corporation Announces Closing of $250 Million Preferred Share Offering
CALGARY, April 27, 2016 /CNW/ - Pembina Pipeline Corporation ("Pembina" or "the Company") (TSX: PPL; NYSE: PBA) is pleased to announce that it has closed its previously announced public offering of 10,000,000 cumulative redeemable minimum rate reset class A preferred shares, Series 13 (the "Series 13 Preferred Shares") for aggregate gross proceeds of $250 million (the "Offering"). The Offering was announced on April 18, 2016 when Pembina entered into an agreement with a syndicate of underwriters [Read more]
Cenovus finishes first quarter with strong balance sheet
Company's 2016 cost-reduction initiatives on target CALGARY, April 27, 2016 /CNW/ - Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE) is on track to achieve its previously announced target of reducing planned capital, operating and general and administrative (G&A) spending by up to $500 million compared with its original 2016 budget. Building on the significant cost reductions achieved in 2015, these additional spending cuts are expected to help the company remain financially resilient [Read more]
Hemisphere Energy announces year-end 2015 financial and operating results
TSX-V: HME VANCOUVER, April 26, 2016 /CNW/ - Hemisphere Energy Corporation (TSX-V: HME) ("Hemisphere" or the "Company") is pleased to announce its financial and operating results for the year ended December 31, 2015. Through 2015 Hemisphere focused on reducing administration and operating costs while at the same time developing its assets to maximize reserve additions with minimal capital. The Company successfully concentrated on its core properties in southeastern Alberta where three [Read more]
Northern Blizzard Resources Inc. Announces Conference Call on First Quarter 2016 Results and Annual Meeting of Shareholders
CALGARY, April 26, 2016 /CNW/ - Northern Blizzard Resources Inc. ("Northern Blizzard" or the "Company") (TSX: NBZ) will release its first quarter 2016 financial and operating results prior to the opening of markets on May 11, 2016. Northern Blizzard will host a conference call on May 11, 2016, starting at 9:00AM MT (11:00AM ET), to review the Company's first quarter 2016 results. Participants can access the conference call by dialing (403) 532-5601 or toll-free (US & Canada) 1 (855) [Read more]
NEB releases preliminary timeline for Energy East
CALGARY, April 26, 2016 /CNW/ - The National Energy Board (NEB) has released a preliminary timeline for the Energy East hearing process. This timeframe reflects an extended time limit of 21 months for the process, as directed by the Minister of Natural Resources. National Energy Board reviews are typically conducted within a 15-month time limit. The following table outlines the expected steps and timing that the NEB plans on following to consider the amended Energy East project [Read more]
- « Previous Page
- 1
- …
- 430
- 431
- 432
- 433
- 434
- …
- 659
- Next Page »