BOE Report

Whitecap Resources Inc. Announces Closing of Beaumont Energy Inc. Acquisition

CALGARY, May 1, 2015 /CNW/ - Whitecap Resources Inc. ("Whitecap" or the "Company") (TSX: WCP) is pleased to announce that it has successfully completed the previously announced acquisition of Beaumont Energy Inc. ("Beaumont") pursuant to a plan of arrangement (the "Acquisition") under the provisions of the Business Corporations Act (Alberta). Whitecap acquired all of the issued and outstanding common shares of Beaumont for consideration consisting of approximately $7.3 million in cash and 36.3 [Read more]

Mountainview Energy Ltd. Announces 2014 Year End Financials, Reserves and Provides Corporate Update

CUTBANK, MT, April 30, 2015 /CNW/ - Mountainview Energy Ltd. ("Mountainview" or the "Corporation") (TSX-V: MVW) announces its 2014 operating and financial results for the year ended December 31, 2014. The Corporation also announces that its audited financial statements and management's discussion and analysis for the year ended December 31, 2014, is available on SEDAR at www.sedar.com, and on Mountainview's website at www.mountainviewenergy.com. Year End Financials During 2014, Mountainview [Read more]

Whitecap Resources Inc. Announces Results of Shareholders' Meeting

CALGARY, April 30, 2015 /CNW/ - Whitecap Resources Inc. ("Whitecap") (TSX: WCP) is pleased to announce that all matters presented for approval at the annual meeting of shareholders held today have been fully authorized and approved. A total of 145,394,521 common shares representing 57.34% of Whitecap's issued and outstanding common shares were voted in connection with the meeting. At the meeting, all of the nominees proposed as directors were duly elected as directors of Whitecap with a majority [Read more]

NEB, Saskatchewan Ministry of Economy issue Bakken Assessment

CALGARY, April 30, 2015 /CNW/ - The National Energy Board and the Saskatchewan Ministry of Economy today presented a joint Assessment of Unconventional Petroleum Resources in the Bakken Formation of Saskatchewan. The Bakken Formation has been producing from conventional reservoirs since the mid-1950s. Since 2004, however, industry has shifted its focus to its unconventional tight oil, primarily because the combination of horizontal drilling and multi-stage hydraulic fracturing has made it [Read more]

Seven Generations completes offering of US$425 million 6.750% senior notes

CALGARY, April 30, 2015 /CNW/ - Seven Generations Energy Ltd. (7G) (TSX: VII) has completed its previously announced offering of US$425 million aggregate principal amount of 6.750% senior notes due 2023, which were offered in a private placement to eligible purchasers (the Offering). 7G intends to use the net proceeds of the Offering for continued development of the Kakwa River Project and for general corporate purposes. About the Company Seven Generations Energy Ltd. is an Alberta-based [Read more]

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]