CALGARY, Alberta, July 26, 2018 (GLOBE NEWSWIRE) -- Husky Energy’s (TSX:HSE) Board of Directors has approved increasing the quarterly cash dividend to $0.125 per common share. The dividend increase recognizes the Company’s low net debt and continued ability to generate strong free cash flow. “This dividend level is affordable, and has a yield that is comparable with our peers,” said CEO Rob Peabody. “We can fund the dividend, our sustaining capital requirements and the capital program in [Read more]
Cenovus delivers strong second quarter
CALGARY, Alberta, July 26, 2018 (GLOBE NEWSWIRE) -- Cenovus Energy Inc. (TSX:CVE) (NYSE:CVE) achieved record production and delivered solid financial performance in the second quarter of 2018. The company had adjusted funds flow of $774 million, even after a realized risk management loss of $697 million, and generated free funds flow of $482 million. Cenovus ramped up its oil sands operations in the second quarter and achieved record high production volumes and record low per-barrel oil sands [Read more]
Shell Midstream Partners, L.P. Declares 4.9% Increase in Quarterly Distribution
Houston, July 26, 2018 (GLOBE NEWSWIRE) -- Shell Midstream Partners, L.P. (NYSE: SHLX) announces that the Board of Directors of its general partner declared a cash distribution of $0.3650 per limited partner unit for the second quarter of 2018. This represents an increase of 4.9 percent over the previous quarterly distribution of $0.3480 per unit and a 20 percent increase over the distribution paid with respect to the second quarter of 2017. The distribution will be paid August 14, 2018 to [Read more]
Bellatrix Announces Debt Refinancing Transaction and NYSE Listing Notification
Debt Refinancing Transaction Highlights Exchange US$80 million of existing 2020 Notes for US$72 million of Second Lien Notes due 2023, extending the maturity of over 1/3 of the outstanding 2020 Notes by 3 years, reducing outstanding debt by US$8 million, and maintaining the cash interest rate at 8.5% New money commitment of US$30 million to US$40 million in additional Second Lien Notes for drilling and subsequent 2020 Note exchanges Provide a basket for up to US$50 million of [Read more]
Suncor Energy declares dividend
All financial figures are in Canadian dollars.CALGARY, Alberta, July 25, 2018 (GLOBE NEWSWIRE) -- Suncor Energy’s Board of Directors has approved a quarterly dividend of $0.36 per share on its common shares, payable September 25, 2018 to shareholders of record at the close of business on September 4, 2018. Suncor Energy is Canada's leading integrated energy company. Suncor's operations include oil sands development and upgrading, offshore oil and gas production, petroleum refining, and [Read more]
Mid-Con Energy Partners, LP Schedules Second Quarter 2018 Earnings Release and Conference Call
TULSA, July 25, 2018 (GLOBE NEWSWIRE) -- Mid-Con Energy Partners, LP (NASDAQ:MCEP) (“Mid-Con Energy” or the “Partnership”) will release its financial and operating results for the second quarter ended June 30, 2018, after the market close on Tuesday, July 31, 2018. Management will host a conference call on Wednesday, August 1, 2018, at 9:00 AM ET. Interested parties are invited to participate via telephone by dialing 1-877-847-5946 (Conference ID: 9899156) at least five minutes prior to the [Read more]
Bellatrix Announces Second Quarter 2018 Conference Call and Webcast Details
CALGARY, Alberta, July 25, 2018 (GLOBE NEWSWIRE) -- Bellatrix Exploration Ltd. (“Bellatrix” or the “Company”) (TSX:BXE) (NYSE:BXE) plans to release its second quarter 2018 operational and financial results after markets close on August 2, 2018. Additionally, Bellatrix will host a conference call to discuss the second quarter results on August 2, 2018 at 3:30 pm MT / 5:30 pm ET. To participate, please call toll-free 1-800-319-4610, or 403-351-0324, or 416-915-3239. The call can also be heard [Read more]
Encana to hold 2018 second quarter results conference call on Wednesday, August 1, 2018
CALGARY, Alberta, July 25, 2018 (GLOBE NEWSWIRE) -- (TSX:ECA) (NYSE:ECA) Encana Corporation will release its 2018 second quarter results on Wednesday, August 1, 2018. The news release detailing Encana's 2018 second quarter results will provide operating and financial information. Financial statements will be available on the company's website. A conference call and webcast to discuss the 2018 second quarter results will be held for the investment community the same day at 7 a.m. MT (9 a.m. [Read more]
Toscana Energy Announces Acquisition of Cortona Energy Ltd.
CALGARY, Alberta, July 23, 2018 (GLOBE NEWSWIRE) -- Toscana Energy Income Corporation ("Toscana" or the "Company") (TSX:TEI) is pleased to announce that further to its news release dated June 14, 2018, the Company has entered into a share purchase agreement (the "Agreement") to acquire 100% of Cortona Energy Ltd. (“Cortona”) for aggregate consideration of approximately $12,000,000.00 subject to customary closing conditions (the “Transaction”). In connection with the Transaction, the Company [Read more]
Vital Announces Appointment of New Director, President & CEO
CALGARY, Alberta, July 23, 2018 (GLOBE NEWSWIRE) -- Vital Energy Inc. (“Vital” the “Corporation”) is pleased to announce that Mr. Yingchuan Wu has been appointed as President and Chief Executive Officer of Vital. In addition, Mr. Wu has also been appointed as a director of the Corporation. Mr. Nick Zhang, the former Chief Executive Officer of Vital has been appointed as Vice President Exploration and Mr. Jeffrey Standen, the former President of the Corporation continues to serve as the Corporate [Read more]
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