BOE Report

Ottawa Overstepping Powers in New Pipeline Reviews – C.D. Howe Institute

TORONTO, Feb. 18, 2016 /CNW/ - Mandating the National Energy Board (NEB) to weigh upstream greenhouse gas emissions in its pipeline approval process could stretch the federal government's constitutional authority, according to a new report from the C.D. Howe Institute. In "The National Energy Board's Limits in Assessing Upstream Greenhouse Gas Emissions," authors Benjamin Dachis and Grant Bishop assert that Ottawa's review could also hinder the country's ability to achieve promised emissions [Read more]

New Gold Announces 2015 Financial Results with Record Gold Production Leading to Strong Cash Flow

(All dollar figures are in US dollars unless otherwise indicated) TORONTO, Feb. 17, 2016 /CNW/ - New Gold Inc. ("New Gold") (TSX:NGD) (NYSE MKT:NGD) today announces its 2015 fourth quarter and full-year financial results, provides an update on its portfolio of development projects, including Rainy River and the results of the New Afton C-zone feasibility study, and updates its year-end mineral reserve and resource estimates. The company previously announced its preliminary 2015 operational [Read more]

Northern Blizzard Resources Inc. Announces February 2016 Dividend

CALGARY, Feb. 16, 2016 /CNW/ - Northern Blizzard Resources Inc. ("Northern Blizzard") (TSX: NBZ) announced today a dividend of $0.04 per common share for February 2016. The dividend will be payable on March 15, 2016 to shareholders of record on February 29, 2016. This dividend has been designated as an eligible dividend under the Income Tax Act (Canada). Northern Blizzard offers a Stock Dividend Program ("SDP") where shareholders may elect to receive their dividends in the form of common shares [Read more]

Connacher Reports Year-End 2015 Reserves

CALGARY, Feb. 16, 2016 /CNW/ - Connacher Oil and Gas Limited (CLC – TSX; "Connacher" or the "Company") announces its year-end reserves as of December 31, 2015, as evaluated by GLJ Petroleum Consultants Ltd. ("GLJ"), independent qualified reserves evaluators. Proved producing reserves decreased by 12.4 million barrels to 7.8 million barrels. Estimated proved ("1P") bitumen reserves totaled approximately 214 million barrels, a decrease of three per cent over year-end 2014 volumes. The ten per [Read more]

Russel Metals Announces 2015 Annual and Fourth Quarter Results and Charges

TORONTO, Feb. 16, 2016 /CNW/ - Russel Metals Inc. (RUS - TSX) today announced financial results for fourth quarter and fiscal year ended December 31, 2015. Adjusted Earnings Quarters Ended December 31 Year Ended December 31 2015 2014 2015 2014 Adjusted EBIT 2 Metals Service Centers $ 5 $ 14 $ 44 $ 83 Energy Products 13 36 70 137 Steel Distributors 1 12 18 38 Adjusted EBIT 2 [Read more]

TORC Oil & Gas Ltd. Announces Revised Dividend and Updated Capital Program

CALGARY, Feb. 16, 2016 /CNW/ - TORC Oil & Gas Ltd. ("TORC" or the "Company") (TSX: TOG) announces that the Board of Directors has approved a monthly dividend of $0.02 per common share, to be paid on March 15, 2016 to common shareholders of record on February 29, 2016. The ex-dividend date is February 25, 2016 with payment to be made in cash or common shares at the election of the shareholder.  The approved monthly dividend of $0.02 per common share ($0.24 per common share annually) has been [Read more]

Whitecap Resources Inc. Confirms Monthly Dividend For February of $0.0375 Per Share

CALGARY, Feb. 16, 2016 /CNW/ - Whitecap Resources Inc. (TSX: WCP) is pleased to announce that a cash dividend of Cdn. $0.0375 per common share in respect of February operations will be paid on March 15, 2016 to shareholders of record on February 29, 2016. This dividend is an eligible dividend for the purposes of the Income Tax Act (Canada). About WhitecapWhitecap Resources Inc. is a dividend paying, oil-weighted company focused on providing sustainable monthly dividends to its shareholders and [Read more]

ARC Resources Ltd. confirms March 15, 2016 dividend amount

CALGARY, Feb. 16, 2016 /CNW/ - (ARX - TSX) ARC Resources Ltd. ("ARC") confirms that an eligible dividend of $0.05 per share will be paid on March 15, 2016 to shareholders of record on February 29, 2016. The ex-dividend date is February 25, 2016. As at February 17, 2016 the trailing twelve-month payments to investors, including the February 16, 2016 payment, total $1.20 per share. ARC's Board of Directors approved a monthly dividend of $0.05 per share on February 10, 2016, down from the [Read more]

Madalena Announces an Oil Exploration Discovery in the Lower Agrio Shale in Argentina

CALGARY, Feb. 16, 2016 /CNW/ - Madalena Energy Inc. ("Madalena" or the "Company") (TSXV: MVN and OTCQX: MDLNF) is pleased to announce the initial results of its completion and testing of the Lower Agrio shale formation on its 90% working interest operated block at Curamhuele in Argentina.  Highlights Successfully completed the vertical exploration well (Yapai.x-1001) with four hydraulic fractures at depths of 3,731, 3,647, 3,566 and 3,457 metres, the upper three intervals being within the [Read more]

MATERIAL FACT – Termination of the Purchase and Sale Agreement for the 80% Stake of BJSA Fields

RIO DE JANEIRO, Feb. 16, 2016 /CNW/ - Petro Rio S.A. ("PetroRio" or the "Company") (BM&FBOVESPA: PRIO3, TSX-V: PRJ) hereby announces that it was notified by Shell Brasil Petróleo Ltda. ("Shell") of the termination of the purchase and sale agreement for the acquisition of the 80% stake in the rights and obligations of the concession contracts of Bijupirá and Salema Fields ("BJSA") and the FPSO Fluminense, used in the production process of both fields, as allowed by the purchase and sale [Read more]