BOE Report

ARC Resources Ltd. Announces Board Chair Succession

CALGARY, Nov. 4, 2015 /CNW/ - (ARX - TSX) ARC Resources Ltd. ("ARC") today announced that Mr. Mac Van Wielingen will be stepping down as Chair of the Board of Directors on December 31, 2015. Mr. Van Wielingen will continue as a board member until ARC's 2016 Annual General Meeting. Mr. Van Wielingen was one of the founders of ARC and has been a dedicated board member since the Company's inception in 1996. He was instrumental in establishing ARC's successful business model and culture, [Read more]

ARC Resources Ltd. Announces a $550 Million Capital Program for 2016 Focused on Continued Long-Term Value Creation and Balance Sheet Strength

CALGARY, Nov. 4, 2015 /CNW/ - (ARX - TSX) ARC Resources Ltd. ("ARC") announced today that its Board of Directors has approved a $550 million capital program for 2016 that focuses on balance sheet strength and long-term value creation through continued development of ARC's low-cost, high-value Montney crude oil, liquids-rich gas and natural gas assets. ARC expects year-over-year annual average production rates to increase approximately five per cent in 2016 from 2015 levels. Myron [Read more]

ARC Resources Ltd. Announces Strong Third Quarter Results Featuring Sunrise Gas Plant Commissioning

CALGARY, Nov. 4, 2015 /CNW/ - (ARX - TSX) ARC Resources Ltd. ("ARC") is pleased to report its third quarter 2015 operating and financial results. Third quarter production averaged 107,261 boe per day and funds from operations were $174.9 million ($0.51 per share). ARC's unaudited Condensed Interim Consolidated Financial Statements and Notes, as well as ARC's Management's Discussion and Analysis ("MD&A") for the three and nine months ended September 30, 2015 and 2014, are available on [Read more]

Cenovus recognized for leadership in reporting of GHG emissions

CALGARY, Nov. 4, 2015 /CNW/ - Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE) has been named to the 2015 Canada 200 Climate Disclosure Leadership Index. This is the sixth consecutive year the company has been included in the index, which is published by CDP (formerly known as the Carbon Disclosure Project). "We're honoured to be recognized once again for transparency in the reporting of our CO2 and other greenhouse gas emissions," said Al Reid, Executive Vice-President, Environment, Corporate [Read more]

Russel Metals Announces Redemption of 7.75% Convertible Unsecured Subordinated Debentures

/NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE U.S./ TORONTO, Nov. 4, 2015 /CNW/ - Russel Metals Inc. (RUS - TSX) today announced that it has completed its previously announced redemption of all of its outstanding 7.75% convertible unsecured subordinated debentures due September 30, 2016 (the "Debentures").  As at the close of trading on November 3, 2015, the aggregate principal amount of Debentures outstanding was $174,323,000. In accordance with their terms, [Read more]

1927297 Alberta Ltd. formally commences a takeover bid for the outstanding common shares of Ironhorse Oil & Gas Inc.

CALGARY, Nov. 4, 2015 /CNW/ - 1927297 Alberta Ltd. (the "Offeror") announced today that it has formally commenced its previously announced offer (the "Offer") to purchase all of the outstanding common shares (the "Shares") of Ironhorse Oil & Gas Inc. (TSXV:IOG) ("Ironhorse") for Cdn$0.17 in cash per Share, subject to certain terms and conditions. The Offeror has commenced mailing of a take-over bid circular (the "Circular") to registered holders of Shares (as required under applicable Canadian [Read more]

Madalena announces 374% increase to discovered risked contingent resource estimate for its Vaca Muerta Shale acreage at Coiron Amargo in Argentina

CALGARY, Nov. 4, 2015 /CNW/ - Madalena Energy Inc. ("Madalena" or the "Company") (TSXV: MVN and OTC: MDLNF) is pleased to announce the results of its independent resource reports effective as at September 30, 2015. The Company has been advancing its key resource plays in Argentina with the goal of converting estimated Prospective Resources to Contingent Resources via a focused delineation program on certain core area Vaca Muerta Shale and Lower Agrio Shale assets.  The Company has also been [Read more]

Spyglass Resources Corp. Provides Credit Facility Update

CALGARY, Nov. 3, 2015 /CNW/ - Spyglass Resources Corp. ("Spyglass", or the "Company") (TSX: SGL, OTCQX: SGLRF) announces that effective October 30, 2015, the Company's credit facility has been amended to replace the existing $100 million borrowing base loan with a $100 million revolving credit facility. The revolving credit facility includes a production and an operating facility that both contain limitations on availability.  Amounts to be drawn under the production facility are not to [Read more]

Connacher Announces Q3 2015 Results

CALGARY, Nov. 3, 2015 /CNW/ - Connacher Oil and Gas Limited (CLC - TSX; "Connacher" or the "Company") announces its financial and operating results for the quarter-ended September 30, 2015 ("Q3 2015") (all amounts are in Canadian dollars unless otherwise noted). Q3 2015 Highlights Q3 2015 revenue, net of royalties, decreased 51% to $58.1 million (Q3 2014 - $119.4 million), substantially due to the decline in crude oil prices, partially offset by higher sales volumes Q3 2015 blending [Read more]

Keyera Corp. Announces Third Quarter 2015 Results

CALGARY, Nov. 3, 2015 /CNW/ - Keyera Corp. (TSX:KEY) announced its 2015 third quarter results today, the highlights of which are included in this news release. The entire news release can be viewed by visiting Keyera's website at www.keyera.com or, to view the MD&A and financial statements, visit either Keyera's website or the System for Electronic Document Analysis and Retrieval at www.sedar.com. HIGHLIGHTS  Keyera delivered another strong quarter, generating adjusted earnings [Read more]