BOE Report

Penn West Announces Further Actions In Response To Current Commodity Price Environment And Updates 2015 Guidance

CALGARY, Sept. 1, 2015 /CNW/ - PENN WEST PETROLEUM LTD.  (TSX - PWT; NYSE - PWE) ("Penn West", "we", "us" or "our") announces it has taken the following further actions in response to the current commodity price environment: we will limit our capital expenditures to funds flow from operations by year-end 2015 we will suspend our dividend and reduce board compensation we will significantly reduce our cost structure through a 35% workforce reduction "We continue to take concrete [Read more]

Cenovus completes transaction to purchase rail terminal

Facility ownership strengthens market access CALGARY, Aug. 31, 2015 /CNW/ - Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE) has closed its previously announced purchase of Canexus Corporation's North American Terminal Operations (NATO), a crude-by-rail trans-loading facility in central Alberta. The acquisition is part of Cenovus's strategy to build a strong portfolio of transportation options to help maximize market access and capture global prices for its oil. The company is also [Read more]

Marquee Energy Ltd. Provides Corporate Update

CALGARY, Aug. 31, 2015 /CNW/ - Marquee Energy Ltd. ("Marquee" or the "Company") (TSXV: "MQL") announces that concurrent with the Acquisition previously announced on August 13, 2015, the Company's banking syndicate confirmed that Marquee' borrowing base remains unchanged at $95 million. However, as part of ongoing cost reduction initiatives, Marquee will reduce its borrowing base to $70 million effective August 31, 2015, which will decrease future standby and commitment fees.  Marquee [Read more]

Heidrick & Struggles Expands Footprint in Australia with New Office in Perth

PERTH, Australia, Aug. 31, 2015 /CNW/ -- Heidrick & Struggles  (NASDAQ: HSII), the premier provider of executive search, leadership consulting and culture shaping worldwide, today announced the opening of an office in Perth. The new office will cover Australia's industrial sector, with a special focus on energy, natural resources, mining and infrastructure. "With the addition of the Perth team, we are beginning a new chapter in our firm's global growth story," said Krishnan Rajagopalan, [Read more]

Petrolympic Announces Planning of Operations in Mitis Property and General Updates

TORONTO, Aug. 31, 2015 /CNW/ - Petrolympic Ltd. ("Petrolympic" or the "Company") (TSX-V: PCQ, OTCQB: PCQRF) is pleased to announce that a drilling location has been identified and field operations are being planned in its 100% owned Mitis property (the "Property") in the Gaspe/Lower St. Lawrence area. Petrolympic has identified several promising conventional drilling targets on the Property after reprocessing and reinterpreting its proprietary seismic data. Three of these targets are located [Read more]

Petrolympic annonce la planification d’opérations dans la propriété Mitis et des mises à jour générales

TORONTO, le 31 août 2015 /CNW/ - Petrolympic Ltd. (« Petrolympic » ou la « Compagnie ») (TSX-V: PCQ, OTCQB: PCQRF) est heureux d'annoncer qu'une localisation de forage a été identifiée et que des opérations sur le terrain sont en cours de planification dans sa propriété Mitis détenue à 100% (la « Propriété ») en Gaspésie/Bas-Saint Laurent. Petrolympic a identifié plusieurs cibles de forage conventionnelles prometteuses sur la Propriété après avoir retraité et réinterprété ses données sismiques [Read more]

Wet'suwet'en Chiefs say Unist'ot'en do not Speak for their Nations

Four Wet'suwet'en Chiefs challenge recent media coverage BURNS LAKE, BC, Aug. 31, 2015 /CNW/ - Wet'suwet'en First Nation Chief Karen Ogen, Nee Tahi Buhn Chief Ray Morris, Burns Lake Band Chief Dan George, and Skin Tyee Nation Chief Rene Skin, say they are disappointed at recent media coverage that represents the Unist'ot'en as speaking for their Nations, and that fails to represent the complexity of the issues. "We have long believed it is short sighted to turn down [Read more]

Manulife Asset Management Posts CAD$9.9 (US$8.1) Billion in Net Institutional Sales Globally in First Half of 2015

-- Assets under management reached CAD$390 (US$313) billion as of June 30, 2015 -- Strong performance across asset classes -- New senior appointments reinforce global growth -- Thought Leadership takes a global approach TORONTO and BOSTON, Aug. 31, 2015 /PRNewswire/ -- Manulife Asset Management, the investment management arm of Manulife (TSX, NYSE: MFC), generated more than CAD$9.9 (US$8.1) billion globally in net institutional new sales in the first half of 2015. Parent company Manulife [Read more]

Madalena announces grant of options and executive appointment

TSXV Trading Symbol: MVNOTC Trading Symbol: MDLNF CALGARY, Aug. 31, 2015 /CNW/ - Madalena Energy Inc. ("Madalena" or the "Corporation") announces the grant of 15,563,158 options ("Options") to certain officers, employees and directors of the Corporation and its subsidiaries as part of its compensation procedures.  Of the Options granted, a total of 15,163,158 Options were granted to directors and executive officers of the Corporation or its subsidiaries.  The grant of options is the first [Read more]

MATRRIX Announces Second Quarter 2015 Results

CALGARY, Aug. 28, 2015 /CNW/ - MATRRIX Energy Technologies Inc. ("MATRRIX" or the "Corporation") (TSX-V: MXX) announces financial results for the three and six month periods ended June 30, 2015. (Expressed in Thousands of Canadian Dollars except for per share amounts and operational days) OVERALL HIGHLIGHTS For the three and six months ended June 30, 2015, the Corporation experienced a significant decline in drilling and motor rental activity in both Canada and the US. The anticipated decline [Read more]