BOE Report

Is Alberta’s economic engine dead? New comprehensive report examines lessons from previous downturns and paints a pessimistic picture of Alberta’s economy

CALGARY, Nov. 19, 2015 /CNW/ - With layoffs and cutbacks in the oilpatch and the ripple effects spreading out through Canada's economy, it may seem as though the latest drop in oil prices could stall the economic engine in Alberta for a long time. The current oil rout is unlike the other three major ones (when the price of oil dropped more than 60 per cent) experienced in the last 30 years. The factors affecting the current oil price drop and its potential for rebound differ [Read more]

Pembina Pipeline Corporation Announces Closing of Bought Deal Financing and Exercise in Full of Over-Allotment Option for Gross Proceeds of $460 Million

All financial figures are in Canadian dollars. CALGARY, Nov. 19, 2015 /CNW/ - Pembina Pipeline Corporation ("Pembina" or the "Corporation") (TSX: PPL; NYSE: PBA) is pleased to announce that it has closed its previously announced bought deal offering of 15,335,250 common shares at a price of $30.00 per share through a syndicate of underwriters (the "Offering"), which includes 2,000,250 common shares issued at the same price on the exercise in full of the over-allotment option granted to [Read more]

Ironhorse Oil & Gas Inc. Recommends Rejection of Unsolicited Offer

CALGARY, Nov. 19, 2015 /CNW/ - Ironhorse Oil & Gas Inc. ("Ironhorse" or the "Company") (TSX-V:IOG), announces that its board of directors (the "Board") has unanimously recommended that Ironhorse shareholders REJECT the unsolicited offer from 1927297 Alberta Ltd. (the "Offeror"), a corporation wholly-owned by Timmerman Trust, commenced on November 4, 2015 to acquire the issued and outstanding common shares of Ironhorse ("Common Shares") at $0.17 per share in cash (the "Offer"). Reasons to [Read more]

Connacher Appoints Vice-President of Finance and Interim Chief Financial Officer

CALGARY, Nov. 18, 2015 /CNW/ - Connacher Oil and Gas Limited (CLC - TSX; "Connacher" or the "Company") today announced that Jeff Beeston has been appointed Vice-President of Finance and Interim Chief Financial Officer. Mr. Beeston is a Chartered Accountant with over 14 years of experience. Mr. Beeston has been Manager, Finance at Connacher since November 2010, overseeing activities relating to debt and equity capital markets, corporate planning and development, risk management, treasury and [Read more]

Union Gas Once Again Surpasses Fundraising Goal for United Way

$1,031,953 raised sets new milestone in 2015 CHATHAM, ON, Nov. 18, 2015 /CNW/ - Union Gas employees and retirees showed their support by surpassing last year's United Way campaign total and raising a record $1,031,953 in 2015. Announcing this record campaign total  at the company's head office in Chatham, Steve Baker, president, Union Gas acknowledged employees and volunteers for their generosity and hard work during this years United Way campaign, which incorporated the theme of [Read more]

MEDIA ADVISORY – Is Alberta's economic engine dead? New comprehensive report examines lessons from previous downturns and paints a pessimistic picture of Alberta's economy

CALGARY, Nov. 18, 2015 /CNW/ - Layoffs and cutbacks in the oilpatch and their ripple effects could stall the economic engine in Alberta for a long-time. Or maybe we'll see a price recovery next spring?  Who knows?  Is the past necessarily indicative of what is happening now? Can we predict the length and depth of the current oil price drop? Will a recovery be long and gradual, as it was after 1986, or that it will bounce back quickly, as it did after 2009? On Thursday, November 19th, The [Read more]

Regulators seek public comments on extension to Mackenzie Gas Project sunset clauses

CALGARY, Nov. 17, 2015 /CNW/ - The National Energy Board (NEB) and the Government of Northwest Territories (GNWT) Regulator of Oil and Gas Operations will coordinate their review of the requests from Imperial Oil Resources Ventures Limited (IORVL) to extend to December 31, 2022 the sunset clauses included in the Mackenzie Gas Project (MGP) approvals. The NEB approved the construction of the MGP, including the Mackenzie Valley Pipeline (MVP) and the Mackenzie Gathering System (MGS) on December [Read more]

Toro Oil & Gas Ltd. reports third quarter 2015 financial and operating results

CALGARY, Nov. 17, 2015 /CNW/ - Toro Oil & Gas Ltd. (TSXV: TOO) ("Toro" or the "Company") announces its financial and operating results for the three and nine months ended September 30, 2015.  Selected financial and operational information is set out below and should be read in conjunction with Toro's September 30, 2015 interim financial statements and the related management's discussion and analysis, which are available for review at www.sedar.com or the Company's website at [Read more]

Northern Blizzard Resources Inc. Announces November 2015 Dividend

CALGARY, Nov. 16, 2015 /CNW/ - Northern Blizzard Resources Inc. ("Northern Blizzard") (TSX: NBZ) announced today a dividend of $0.04 per common share for November 2015. The dividend will be payable on December 15, 2015 to shareholders of record on November 30, 2015. 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 [Read more]

Whitecap Resources Inc. confirms monthly dividend for November of $0.0625 per share

CALGARY, Nov. 16, 2015 /CNW/ - Whitecap Resources Inc. (TSX: WCP) is pleased to announce that a cash dividend of Cdn. $0.0625 per common share in respect of November operations will be paid on December 15, 2015 to shareholders of record on November 30, 2015. This dividend is an eligible dividend for the purposes of the Income Tax Act (Canada). About Whitecap Whitecap Resources Inc. is a dividend paying, oil-weighted company focused on providing sustainable monthly dividends to its shareholders [Read more]