CALGARY, Alberta, May 03, 2018 (GLOBE NEWSWIRE) -- Seven Generations (TSX:VII) delivered funds from operations of $381 million or $1.05 per share in the first quarter, generating a trailing 12-month return on capital employed of 10.4 percent and a cash return on invested capital of 18.1 percent. Condensate production averaged 67,285 barrels per day (bbls/d), up 30 percent from the first quarter of 2017. Total production increased 23 percent to 187,686 barrels of oil equivalent (boe/d), with [Read more]
Crescent Point Announces Q1 2018 Results With Production Exceeding Targets, Reduced Annual Capital Expenditures and a $225 Million Non-Core Disposition
CALGARY, Alberta, May 03, 2018 (GLOBE NEWSWIRE) -- Crescent Point Energy Corp. ("Crescent Point" or the "Company") (TSX:CPG) (NYSE:CPG) is pleased to announce its operating and financial results for the quarter ended March 31, 2018. KEY HIGHLIGHTS Exceeded first quarter average production budget and currently ahead of expectations for second quarter 2018. Reduced 2018 capital expenditures by $25 million and targeting a total payout ratio of less than 100 percent. Finalizing agreement [Read more]
Canadian Natural Resources Limited Announces Quarterly Dividend
CALGARY, Alberta, May 03, 2018 (GLOBE NEWSWIRE) -- Canadian Natural Resources Limited announces its Board of Directors has declared a quarterly cash dividend on its common shares of C$0.335 (thirty-three and one half cents) per common share. The dividend will be payable July 1, 2018 to shareholders of record at the close of business on June 15, 2018. Canadian Natural is a senior oil and natural gas production company, with continuing operations in its core areas located in Western Canada, the [Read more]
Canadian Natural Resources Limited Announces 2018 First Quarter Results
CALGARY, Alberta, May 03, 2018 (GLOBE NEWSWIRE) -- Commenting on first quarter 2018 results, Steve Laut, Executive Vice-Chairman of Canadian Natural stated, "The strength of our well balanced and diverse portfolio, combined with our long life low decline asset base, delivered a strong first quarter for Canadian Natural. Our balanced production mix is a key component of our strategy to create shareholder value throughout the commodity price cycle. In 2018, the Company remains focused on [Read more]
TransGlobe Energy Corporation Announces Release Date of First Quarter 2018 Results and Conference Call
CALGARY, Alberta, May 03, 2018 (GLOBE NEWSWIRE) -- TransGlobe Energy Corporation (TSX:TGL) (NASDAQ:TGA) (“TransGlobe”) will announce its first quarter 2018 financial and operating results on Thursday, May 10, 2018 before the opening of the stock markets. A conference call and webcast to discuss the results will be held the same day: Time:Dial-in:International Dial-in:Webcast: 8:00 a.m. Mountain Time (10:00 a.m. Eastern Time)(416) 340-2218 or toll-free at [Read more]
Bellatrix Announces Acquisition and Retirement of US$10 Million of Its Senior Unsecured Notes Due 2020
CALGARY, Alberta, May 02, 2018 (GLOBE NEWSWIRE) -- Bellatrix Exploration Ltd. (“Bellatrix” or the “Company”) (TSX:BXE) (NYSE:BXE) today announces that it has entered into an exchange agreement with a holder (the "Holder") of its 8.50% senior unsecured notes due May 15, 2020 (the “Senior Notes”) to exchange in a privately negotiated transaction, US$10 million aggregate principal amount of the Senior Notes for 7,081,837 common shares of Bellatrix. Pursuant to the exchange agreement, the Senior [Read more]
Suncor Energy reports voting results from Annual General Meeting
CALGARY, Alberta, May 02, 2018 (GLOBE NEWSWIRE) -- Suncor held its Annual General Meeting in Calgary today. A total of approximately 1.27 billion shares (approximately 77.38% of outstanding common shares) were represented in person or by proxy. Shareholders voted as follows on the matters before the meeting: Shareholders elected the following 10 board members (nine of whom are independent), with shares represented at the meeting voting in favour of individual directors as follows: [Read more]
Contango Announces Schedule for First Quarter Earnings and Operations Release
HOUSTON, May 02, 2018 (GLOBE NEWSWIRE) -- Contango Oil & Gas Company (NYSE American:MCF) announced today it expects to issue its first quarter 2018 earnings release, including an update on operations on Friday, May 4, 2018, before the market opens. In conjunction with the release, Contango will conduct a conference call to discuss the contents of that release on Monday, May 7, 2018 at 9:30am Central Daylight Time. Those interested in participating in the earnings conference call may do [Read more]
Canadian Spirit Resources Inc. Announces Suspension of Natural Gas Production
CALGARY, May 01, 2018 (GLOBE NEWSWIRE) -- Canadian Spirit Resources Inc. (“CSRI” or the “Corporation”) (TSXV:SPI) (OTCBB:CSPUF) and its joint venture partner, Canbriam Energy Inc., have elected to suspend their joint venture natural gas production at Farrell Creek/South Altares effective April 30, 2018 due to low natural gas prices. The continued deterioration in North American natural gas prices accompanied by the further discounted price experienced by producers in northeastern British [Read more]
Suncor Energy reports first quarter 2018 results
Unless otherwise noted, all financial figures are unaudited, presented in Canadian dollars (Cdn$), and have been prepared in accordance with International Financial Reporting Standards, specifically International Accounting Standard 34 Interim Financial Reporting as issued by the International Accounting Standards Board. Production volumes are presented on a working interest basis, before royalties, except for Libya, which is on an entitlement basis. Certain financial measures referred to in [Read more]
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