BOE Report

Lower Oil Prices Boost Prospects for Global Economic Growth

HIGHLIGHTS World economy is forecast to expand by close to 3 per cent this year and 3.2 per cent in 2016. Most of the world's major economies import millions of barrels of oil per day, including the United States, Europe, Japan, China, and India, and benefit from the decline in world oil prices. The U.S. economy is set to expand at around 3 per cent over the next two years. OTTAWA, April 30, 2015 /CNW/ - Growth in the global economy is expected to pick up slightly this year, mainly due to the [Read more]

Second quarter dividend declaration

CALGARY, April 30, 2015 /CNW/ - Imperial Oil Limited today declared a quarterly dividend of 13 cents per share on the outstanding common shares of the company, payable on July 1, 2015, to shareholders of record at the close of business on June 4, 2015. This second quarter 2015 dividend compares with the first quarter 2015 dividend of 13 cents per share. Imperial has a long and successful history of growth and financial stability in Canada as a leading member of the petroleum industry. The [Read more]

Penn West Announces 2015 Second Quarter Dividend

CALGARY, April 30, 2015 /CNW/ - PENN WEST PETROLEUM LTD. (TSX – PWT; NYSE – PWE) ("Penn West") announces that the Board of Directors has declared a second quarter 2015 dividend of $0.01 per share to be paid on July 15, 2015 to shareholders of record at the close of business on June 30, 2015. Shareholders are advised that this dividend is designated as an "eligible dividend" for Canadian income tax purposes. About Penn West Penn West is one of the largest conventional oil and natural gas [Read more]

Penn West Announces Its Financial And Operational Results For The First Quarter Ended March 31, 2015

CALGARY, April 30, 2015 /CNW/ - PENN WEST PETROLEUM LTD. (TSX – PWT; NYSE – PWE) ("Penn West", the "Company", "we", "us" or "our") is pleased to announce its financial and operational results for the first quarter ended March 31, 2015. All figures are in Canadian dollars unless otherwise stated. Three months ended March 31 2015 2014 % change Financial (millions, except per share amounts) Gross revenues [Read more]

Cenovus reports voting results of election of directors

CALGARY, April 29, 2015 /CNW/ - Cenovus Energy Inc. (TSX, NYSE: CVE) announced that at its annual and special meeting of shareholders held on April 29, 2015, each of the 10 nominees proposed as directors and listed in its Management Proxy Circular dated March 6, 2015 were elected as directors. The detailed results of the vote are set out below.  Nominee Votes For Votes Withheld Number Percent (%) Number Percent (%) Ralph S. Cunningham 533,519,440 95.48 25,253,823 4.52 [Read more]

ARC Resources Ltd. Reports Record First Quarter Production

CALGARY, April 29, 2015 /CNW/ - (ARX - TSX) ARC Resources Ltd. ("ARC") is pleased to report its first quarter 2015 operating and financial results. First quarter production averaged a record 120,354 boe per day and funds from operations were $191.5 million ($0.57 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 months ended March 31, 2015 and 2014, are available on ARC's [Read more]

Connacher Mourns Death of Chairman

CALGARY, April 29, 2015 /CNW/ - Connacher Oil and Gas Limited (CLL – TSX; "Connacher" or the "Company") has lost a great friend and leader. Colin Evans, Connacher's Board Chairman, passed away yesterday. Colin was appointed to Connacher's Board in April 2004 and became the Chairman in May 2012. He was an ardent supporter of the Company. In 2012 through April 2013, he also acted as co-managing director, guiding the Company through the disposition of its refining and conventional exploration [Read more]

Cenovus first-quarter oil sands production up 20%

Oil sands per-unit operating costs decline 31% Combined oil sands production averaged more than 144,000 barrels per day (bbls/d) net in the first quarter, up 20% from the same period in 2014. Total oil production was more than 218,000 bbls/d, 11% higher than in 2014. Upstream per-unit operating costs declined 23%, including a 31% decrease in oil sands per-unit operating costs, compared with the first quarter of 2014. Cash flow was $495 million, a 45% decline from the first quarter in [Read more]

3MV Energy Announces Year-End 2014 Results

CALGARY, April 28, 2015 /CNW/ - 3MV Energy Corp. ("3MV" or the "Company") (TSXV: TMV) is pleased to report its financial and operating results for year ended December 31, 2014. 3MV's audited financial statements and related management's discussion and analysis for the year ended December 31, 2014 have been filed and are available on the SEDAR website at www.sedar.com and on the Company's website at www.3mvenergy.com. 3MV is also pleased to announce the results of its 2014 year-end reserves [Read more]