EDMONTON, Jan. 11, 2015 /CNW/ - While building a nest egg for retirement is a top priority for most Albertans, nearly half (48 per cent) of those who are attempting to do so said they are behind on their retirement savings goals. That's according to the latest ATB Investor Beat. In the previous survey conducted in July, 2015, 40 per cent said they were struggling to save for retirement. Albertans who said they're behind cited cost of living and unexpected expenses as the two most common reasons [Read more]
Vermilion Energy Inc. Announces $0.215 Cdn Cash Dividend for February 16, 2016 Payment Date
CALGARY, Jan. 11, 2016 /CNW/ - Vermilion Energy Inc. ("Vermilion") (TSX, NYSE: VET) is pleased to announce a cash dividend of $0.215 CDN per share payable on February 16, 2016 to all shareholders of record on January 22, 2016. The ex-dividend date for this payment is January 20, 2016. This dividend is an eligible dividend for the purposes of the Income Tax Act (Canada). Vermilion is an international energy producer that seeks to create value through the acquisition, exploration, development [Read more]
Canadian Oil Sands Acknowledges Shareholders’ Overwhelming Rejection of Suncor’s Bid
Urges Suncor to Be Clear with the Market on the Extent of Rejection CALGARY, Jan. 11, 2016 /CNW/ - Canadian Oil Sands Limited (TSX: COS) (OTCQX: COSWF) ("COS" or "Canadian Oil Sands") acknowledges the overwhelming rejection of Suncor Energy Inc.'s ("Suncor") substantially undervalued and opportunistic hostile bid. Canadian Oil Sands believes Suncor has an obligation to disclose material facts on its bid to COS shareholders, including the actual tender results and calls on Suncor to immediately [Read more]
Canadian Oil Sands Advises Shareholders to Take No Action as Suncor Extends Expiry of the Same Substantially Undervalued Hostile Bid
CALGARY, Jan. 8, 2016 /CNW/ - Canadian Oil Sands Limited (TSX: COS)(OTCQX: COSWF) ("COS" or "Canadian Oil Sands") advises shareholders to take no action on Suncor Energy Inc.'s ("Suncor") altered hostile bid, which simply extends the expiry from January 8, 2016 to January 27, 2016. "Extending the expiry of Suncor's bid does not change the fact that it is substantially undervalued and opportunistic," said Donald Lowry, Chairman of Canadian Oil Sands. "With the help of external financial and [Read more]
Connacher Accelerates Maintenance
CALGARY, Jan. 8, 2016 /CNW/ - Connacher Oil and Gas Limited (CLC – TSX; "Connacher" or the "Company") announces that in light of the current low commodity price environment, the Company will accelerate planned maintenance at Great Divide. The Company plans to reduce output over the next couple of months by approximately 3,000 barrels of bitumen per day as this work progresses. The Company will advise if further production decreases become necessary. About Connacher Connacher is a [Read more]
3MV Energy Announces Resignation from Board of Directors
CALGARY, Jan. 7, 2016 /CNW/ - 3MV Energy Corp. ("3MV" or the "Company") (TSXV: TMV) announces that Jason Brooks, effective immediately has resigned as a Director of the Company. The Board would like to thank Mr. Brooks for his service to the Company. [Read more]
NEB approves LNG Canada export licence
CALGARY, Jan. 7, 2016 /CNW/ - The National Energy Board (NEB) has approved the application of LNG Canada Development Inc. (LNG Canada) for a 40-year natural gas export licence with a maximum term quantity of 1494 billion cubic metres1. The issuance of this licence is subject to the approval of the Governor in Council. This is the first 40-year natural gas export licence approved by the NEB since the amendment to the National Energy Board Act in June 2015 as well as the corresponding [Read more]
Pembina Pipeline Corporation Declares Common Share Dividend for January, Quarterly Preferred Share Dividends and Announces Amendments to its Dividend Reinvestment Plan
CALGARY, Jan. 7, 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 January 2016 of $0.1525 per share to be paid, subject to applicable law, on February 15, 2016 to shareholders of record on January 25, 2016. For shareholders receiving their common share dividends in U.S. funds, the January 2016 cash dividend is expected to be approximately U.S. $0.1085 per share [Read more]
Madalena Comments on Argentine Oil Pricing
CALGARY, Jan. 7, 2016 /CNW/ - Madalena Energy Inc. ("Madalena" or the "Company") (TSXV: MVN and OTCQX: MDLNF) provides the following comments on recent proposed changes to regulated Argentina oil prices and preliminary information on its 2016 Capital Budget. PREMIUM PRICING RETAINED IN REGULATED ARGENTINA OIL MARKET On November 23, 2015, the Argentine Republic elected a new centre-right government. Consistent with its campaign platform, currency controls were relaxed in December 2015 and the [Read more]
Yangarra Provides Operations Update
CALGARY, Jan. 7, 2016 /CNW/ - Yangarra Resources Ltd. ("Yangarra" or the "Company") (TSX:YGR) provides an operations update. Fourth quarter 2015 production is estimated to be 2,600 boe/d, with two new wells (one 1.0 mile and one 1.5 mile) expected to be on-stream in January once mandatory static gradients are performed. Yangarra's strong gross profit ("GP") margins from operations (77% GP, Q3 2015) continue despite the low commodity prices. Cash flow netbacks for Q3 were $20.89/boe. The [Read more]
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