This news release includes forward-looking statements and information within the meaning of applicable securities laws. Readers are advised to review the "Forward-Looking Information and Statements" at the conclusion of this news release. For information regarding the presentation of certain information in this news release, see "Currency, BOE and Operational Information" at the conclusion of this news release. CALGARY, Dec. 17, 2014 /CNW/ - Enerplus Corporation ("Enerplus") (TSX: ERF) [Read more]
Valparaiso Energy Inc. announces resignation of Director
CALGARY, Dec. 17, 2014 /CNW/ - Effective as at December 17, 2014, Valparaiso Energy Inc. (the "Corporation") (VPO.H) announces the resignation of Anthony D. Milewski Jr. as a Director of the Corporation. The Corporation thanks Mr. Milewski for his service in this role. [Read more]
Legacy Oil + Gas Inc. Announces 2015 Sustainability Budget and Production Guidance
CALGARY, Dec. 17, 2014 /CNW/ - Legacy Oil + Gas Inc. ("Legacy" or the "Company") is pleased to announce its capital and operating budget and associated production guidance for 2015. In the current environment of low oil prices, the Company is focusing on capital preservation and maintaining liquidity under reduced cash flows by reducing discretionary spending and high grading opportunities. The budget sustains production and accomplishes the strategic objective of progressing and accelerating [Read more]
CST Brands inaugurates its first Esso service station in Canada
The opening is in keeping with the agreement announced last July between CST and Imperial Oil MONTREAL, Dec. 17, 2014 /CNW Telbec/ - As we approach the holiday season, CST Brands Inc. (CST) is pleased to inaugurate in Port Hope (Ontario) its first service station under the Esso banner in Canada. This announcement is in keeping with an agreement that was announced last July between CST and the Imperial Oil Company, allowing CST to resell Esso brand fuel to Canadian motorists. Located 100km east [Read more]
Penn West Announces A Reduction in its 2015 Capital Budget and 2015 Dividend and Suspends Dividend Reinvestment Plan (“DRIP”)
CALGARY, Dec. 17, 2014 /CNW/ - PENN WEST PETROLEUM LTD. (TSX – PWT; NYSE – PWE) ("Penn West" or the "Company") announces that in response to the current commodity price environment, it is reducing its capital budget by approximately $215 million and reducing its 2015 dividend by approximately $160 million commencing with the 2015 first quarter dividend payment payable on April 15, 2015. In November 2014, when Penn West announced its 2015 capital budget, the forward strip for crude oil was in [Read more]
Whitecap provides revised outlook for 2015, maintains sustainability and financial strength
CALGARY, Dec. 16, 2014 /CNW/ - In response to the dramatic drop in crude oil prices over the past six weeks, Whitecap's Board of Directors and Management felt it prudent and necessary to revise our budget outlook for 2015. Our capital program for 2015 will be reduced by 32% to $245 million from $360 million in order to maintain our financial flexibility and to provide continuous long term sustainability for our shareholders. The capital reduction will allow Whitecap to still grow production per [Read more]
ARC Resources Ltd. confirms January 15, 2015 dividend amount
CALGARY, Dec. 16, 2014 /CNW/ - (ARX - TSX) ARC Resources Ltd. ("ARC") confirms that a dividend of $0.10 per share designated as an eligible dividend will be paid on January 15, 2015 to shareholders of record on December 31, 2014. The ex-dividend date is December 29, 2014. As at December 16, 2014 the trailing twelve-month payments to investors, including the December 15, 2014 payment, total $1.20 per share. ARC offers a Dividend Reinvestment Plan ("DRIP") and Stock Dividend Program ("SDP") as [Read more]
Journey Energy Inc. confirms monthly dividend for December, 2014
CALGARY, Dec. 16, 2014 /CNW/ - Journey Energy Inc. (JOY – TSX) ("Journey" or the "Company") is pleased to confirm that the dividend for December of $0.06 per common share will be paid on January 15, 2015 to shareholders of record on December 31, 2014 with an ex-dividend date of December 29, 2014. The Board of Directors has declared the dividend payable in either cash or common shares at the election of the shareholder. This dividend has been designated as an "eligible dividend" for Canadian [Read more]
Spectris plc Announces Acquisition of ESG Solutions
HOUSTON, Dec. 16, 2014 /CNW/ -- ESG Solutions (ESG), an industry leader and pioneer in microseismic technology and services recently announced that the ownership of ESG Solutions has transferred to Spectris plc. ESG's microseismic technology fulfills a critical role in optimizing oil and gas extraction, helping operators improve production during hydraulic fracturing and other reservoir stimulation methods by providing feedback on where and how fractures are developing underground. In recent [Read more]
TORC Oil & Gas Ltd. Announces 2015 Capital Budget
CALGARY, Dec. 16, 2014 /CNW/ - TORC Oil & Gas Ltd. ("TORC" or the "Company") (TSX: TOG) is pleased to announce that its Board of Directors has approved a 2015 capital budget of $125 million. TORC's strategic objectives associated with the 2015 capital budget are consistent with the Company's long term objectives of delivering disciplined growth in combination with a sustainable dividend while maintaining financial flexibility. TORC's 2015 capital budget exhibits a measured approach to the [Read more]
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