BOE Report

Penn West Announces A Reduction in its 2015 Capital Budget and 2015 Dividend and Suspends Dividend Reinvestment Plan (“DRIP”)

CALGARY, Dec. 17, 2014 /CNW/ - PENN WEST PETROLEUM LTD. (TSX – PWT; NYSE – PWE) ("Penn West" or the "Company") announces that in response to the current commodity price environment, it is reducing its capital budget by approximately $215 million and reducing its 2015 dividend by approximately $160 million commencing with the 2015 first quarter dividend payment payable on April 15, 2015. In November 2014, when Penn West announced its 2015 capital budget, the forward strip for crude oil was in [Read more]

Whitecap provides revised outlook for 2015, maintains sustainability and financial strength

CALGARY, Dec. 16, 2014 /CNW/ - In response to the dramatic drop in crude oil prices over the past six weeks, Whitecap's Board of Directors and Management felt it prudent and necessary to revise our budget outlook for 2015. Our capital program for 2015 will be reduced by 32% to $245 million from $360 million in order to maintain our financial flexibility and to provide continuous long term sustainability for our shareholders. The capital reduction will allow Whitecap to still grow production per [Read more]

ARC Resources Ltd. confirms January 15, 2015 dividend amount

CALGARY, Dec. 16, 2014 /CNW/ - (ARX - TSX) ARC Resources Ltd. ("ARC") confirms that a dividend of $0.10 per share designated as an eligible dividend will be paid on January 15, 2015 to shareholders of record on December 31, 2014.  The ex-dividend date is December 29, 2014.  As at December 16, 2014 the trailing twelve-month payments to investors, including the December 15, 2014 payment, total $1.20 per share.  ARC offers a Dividend Reinvestment Plan ("DRIP") and Stock Dividend Program ("SDP") as [Read more]

Journey Energy Inc. confirms monthly dividend for December, 2014

CALGARY, Dec. 16, 2014 /CNW/ - Journey Energy Inc. (JOY – TSX) ("Journey" or the "Company") is pleased to confirm that the dividend for December of $0.06 per common share will be paid on January 15, 2015 to shareholders of record on December 31, 2014 with an ex-dividend date of December 29, 2014. The Board of Directors has declared the dividend payable in either cash or common shares at the election of the shareholder. This dividend has been designated as an "eligible dividend" for Canadian [Read more]

Spectris plc Announces Acquisition of ESG Solutions

HOUSTON, Dec. 16, 2014 /CNW/ -- ESG Solutions (ESG), an industry leader and pioneer in microseismic technology and services recently announced that the ownership of ESG Solutions has transferred to Spectris plc.  ESG's microseismic technology fulfills a critical role in optimizing oil and gas extraction, helping operators improve production during hydraulic fracturing and other reservoir stimulation methods by providing feedback on where and how fractures are developing underground.  In recent [Read more]

TORC Oil & Gas Ltd. Announces 2015 Capital Budget

CALGARY, Dec. 16, 2014 /CNW/ - TORC Oil & Gas Ltd. ("TORC" or the "Company") (TSX: TOG) is pleased to announce that its Board of Directors has approved a 2015 capital budget of $125 million. TORC's strategic objectives associated with the 2015 capital budget are consistent with the Company's long term objectives of delivering disciplined growth in combination with a sustainable dividend while maintaining financial flexibility. TORC's 2015 capital budget exhibits a measured approach to the [Read more]

Madalena Provides Complete Information to Shareholders, Forms Special Committee and Adopts Advance Notice By-Law

TSXV Trading Symbol: MVNOTC Trading Symbol: MDLNF CALGARY, Dec. 15, 2014 /CNW/ - Madalena Energy Inc. (TSX-V: MVN) and (OTC: MDLNF) (the "Corporation" or "Madalena") announces that the Board  of Directors (the "Board") has met to review the matters raised in the letter received from Maglan Capital LP's ("Maglan") on December 8, 2014, and to consider how best to address them. To that end, the Board has appointed a special committee (the "Special Committee") comprised of two recently appointed [Read more]

Madalena Announces 2015 Capital Budget and Corporate Updates

CALGARY, Dec. 15, 2014 /CNW/ - Madalena Energy Inc. ("Madalena" or the "Company") (TSXV: MVN and OTC: MDLNF) is pleased to announce its 2015 capital program of CDN$48.2 million (the "2015 Capital Budget"). The 2015 Capital Budget, which is anticipated to be funded by funds generated from operations and working capital, will focus on the Company's strategic unconventional and scaleable resource plays in Argentina with additional capital targeted primarily for Argentinean conventional development [Read more]

Pacific NorthWest LNG and the District of Port Edward reach property tax agreement

PORT EDWARD, BC, Dec. 15, 2014 /CNW/ - The District of Port Edward and Pacific NorthWest LNG announced today that a 25 year agreement-in-principle in support of infrastructure and services totaling approximately $150 million has been reached. The landmark agreement guarantees the District of Port Edward $3.25 million per year, escalating over the life of the agreement, paid in the form of property taxes complemented by front-end contributions by Pacific NorthWest LNG for district infrastructure [Read more]

Northern Blizzard Resources Inc. Announces December 2014 Dividend

CALGARY, Dec. 15, 2014 /CNW/ - Northern Blizzard Resources Inc. ("Northern Blizzard") (TSX: NBZ) announced today a dividend of $0.08 per common share for December 2014. The dividend will be payable on January 15, 2015 to shareholders of record on December 31, 2014.  The ex-dividend date is December 29, 2014. This dividend has been designated as an eligible dividend under the Income Tax Act (Canada). Northern Blizzard Northern Blizzard is a Calgary, Alberta based Canadian crude oil production and [Read more]