VANCOUVER, Nov. 9, 2015 /CNW/ - REALnorth Opportunities Fund ("REALnorth" or the "Fund") announced today that one of its subsidiaries has entered into a joint venture (the "Joint Venture") with respect to approximately 144 acres of bare land (the "Property") located immediately outside of the current northeast boundary of the city of Fort St. John, British Columbia. The Property was acquired from a third party vendor for a total acquisition cost of approximately $4.6 million. REALnorth has a [Read more]
Surge Energy Inc. Announces Third Quarter Results, Continued Drilling Success, and Dividend Reduction
CALGARY, Nov. 9, 2015 /CNW/ - Surge Energy Inc. ("Surge" or the "Company") (TSX: SGY) announces its operating and financial results for the quarter ended September 30, 2015. This quarter represents the first full quarter of operating and financial results for Surge post the $430 million sale of the Company's SE Saskatchewan and Manitoba assets. This asset disposition closed on June 15, 2015. Business Strategy – Prepare for a "Lower for Longer" Scenario Given the significant drop in world [Read more]
Keyera Announces November 2015 Dividend
CALGARY, Nov. 9, 2015 /CNW/ - Keyera Corp. (TSX:KEY) ("Keyera") announced today a cash dividend for November 2015 of 12.5 cents per common share. The dividend will be payable on December 15, 2015, to shareholders of record on November 23, 2015. The ex-dividend date is November 19, 2015. This dividend is an eligible dividend for the purposes of the Income Tax Act (Canada). For non-resident shareholders, Keyera's dividends are subject to Canadian withholding tax. About Keyera Corp. Keyera [Read more]
Parallel Energy Trust Granted CCAA Initial Order
CALGARY, Nov. 9, 2015 /CNW/ - This morning, Parallel Energy Trust (the "Trust") and its affiliated entities, Parallel Energy Commercial Trust and Parallel Energy Inc. (collectively, the "Canadian Parallel Entities") obtained an Initial Order from the Alberta Court of Queen's Bench in Calgary (the "Canadian Court") for Companies' Creditors Arrangement Act (the "CCAA") creditor protection relief. Under the terms of the CCAA Initial Order, KPMG Inc. was appointed as the Canadian [Read more]
TSX Delisting Review – Parallel Energy Trust (Symbol: PLT.UN and PLT.DB)
TORONTO, Nov. 9, 2015 /CNW/ - DELISTING REVIEW Parallel Energy Trust (the "Company") – TSX is reviewing the trust units and debentures (Symbols: PLT.UN and PLT.DB) (collectively, the "Securities") of the Company with respect to meeting the requirements for continued listing pursuant to the Expedited Review Process. The Securities are suspended from trading immediately. About TMX Group (TSX: X) TMX Group's key subsidiaries operate cash and derivative markets and clearinghouses for multiple [Read more]
Pembina Pipeline Corporation Declares November 2015 Common Share Dividend
CALGARY, Nov. 9, 2015 /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 November 2015 of $0.1525 per share to be paid, subject to applicable law, on December 15, 2015 to shareholders of record on November 25, 2015. This dividend is designated an "eligible dividend" for Canadian income tax purposes. For non-resident shareholders, Pembina's common share dividends should [Read more]
Union Gas Named as Top 100 Employer for Sixth Consecutive Year
CHATHAM, ON, Nov. 9, 2015 Union Gas has once again been recognized as one of Canada's Top 100 Employers. The recent announcement by Mediacorp Canada marks the sixth consecutive year that the organization has earned this award. The theme, "Fuelling Growth & Opportunity" highlighted in the Top 100 submission from Union Gas is a result of the historic growth currently taking place and the opportunity this creates for employees. Union Gas seeks to contribute positively to the economic, social [Read more]
Seven Generations achieves record production of 60,600 boe/d in Q3, funds from operations reach $95 million
Lator 2 plant built ahead of schedule, under budget & set to boost production in December 7G targets 2016 capital investment of $1.1 billion to $1.15 billion, production of 100,000 – 110,000 boe/d TSX: VII CALGARY, Nov. 9, 2015 /CNW/ - Seven Generations Energy Ltd. achieved record production of 60,600 barrels of oil equivalent per day (boe/d) in the third quarter of 2015, up 69 percent compared to the same period in 2014. Third quarter 2015 oil and condensate production increased [Read more]
Penn West Announces the Closing of the Sale of its Non-Operated 9.5% Working Interest in the Weyburn Unit
CALGARY, Nov. 9, 2015 /CNW/ - PENN WEST PETROLEUM LTD. (TSX - PWT; NYSE - PWE) ("Penn West", "we", "us" or "our") is pleased to announce that it has closed the sale of its non-operated 9.5% working interest in the Weyburn Unit in Southeast Saskatchewan for cash consideration of approximately $205 million. Additionally, as announced in our third quarter results, we closed the sale of our properties in the Greater Mitsue area of Central Alberta on October 30, 2015, for total proceeds of [Read more]
Yangarra Announces Third Quarter 2015 Financial and Operating Results
CALGARY, Nov. 9, 2015 /CNW/ - Yangarra Resources Ltd. ("Yangarra" or the "Company") (TSX:YGR) announces its financial and operating results for the three and nine months ended September 30, 2015. Third Quarter Highlights Adjusted EBITDA (which excludes changes in derivative financial instruments) was $4.4 million ($0.07 per share - basic). Oil and gas sales, after royalties, were $5.3 million with funds flow from operations of $4.2 million ($0.06 per share - basic). This represents a [Read more]
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