CALGARY, Alberta, Feb. 15, 2018 (GLOBE NEWSWIRE) -- It’s a disturbing picture: oil and gas companies incentivized to walk away from thousands of wells, leaving behind the mess; receivers of bankrupt companies selling off the good assets and casting aside the bad ones; Albertans and Canadians being forced to bear the multimillion dollar costs of cleaning it all up. In Alberta, we live by a simple rule: if you’re going to profit from our energy resources, you must be responsible and properly [Read more]
TransCanada Announces $2.4 Billion Expansion to Increase Market Access for WCSB Supply
CALGARY, Alberta, Feb. 15, 2018 (GLOBE NEWSWIRE) -- News Release – TransCanada Corporation (TSX:TRP) (NYSE:TRP) (TransCanada) announced today that it will move forward with a $2.4 billion expansion of its NGTL System to connect incremental supply and expand basin export capacity by one billion cubic feet of natural gas per day (Bcf/d) at the interconnection with its Canadian Mainline. NGTL recently completed an open season for existing and export capacity at the Empress/McNeill Export Delivery [Read more]
Birchcliff Energy Ltd. Announces Unaudited 2017 Year-End and Fourth Quarter Results, 2017 Reserves Highlights and 2018 Capital Program
CALGARY, Alberta, Feb. 14, 2018 (GLOBE NEWSWIRE) -- Birchcliff Energy Ltd. (“Birchcliff”) (TSX:BIR) is pleased to announce its unaudited 2017 year-end and fourth quarter financial and operational results, highlights from its independent reserves evaluations effective December 31, 2017 and its 2018 capital expenditure program. Birchcliff is also pleased to provide an operational overview and update. Message to Shareholders Birchcliff achieved record quarterly average production of 80,103 boe/d [Read more]
TransCanada Reports Record Financial Results for 2017
CALGARY, Alberta, Feb. 15, 2018 (GLOBE NEWSWIRE) -- TransCanada Corporation (TSX:TRP) (NYSE:TRP) (TransCanada or the Company) today announced net income attributable to common shares for fourth quarter 2017 of $861 million or $0.98 per share compared to a net loss of $358 million or $0.43 per share for the same period in 2016. For the year ended December 31, 2017, net income attributable to common shares was $3.0 billion or $3.44 per share compared to net income of $124 million or $0.16 per [Read more]
TransCanada Declares Quarterly Dividends
CALGARY, Alberta, Feb. 15, 2018 (GLOBE NEWSWIRE) -- News Release – TransCanada Corporation (TSX:TRP) (NYSE:TRP) (TransCanada or the Company) today announced that the Board of Directors (Board) of TransCanada declared a quarterly dividend of $0.69 per common share for the quarter ending March 31, 2018 on the Company’s outstanding common shares. The common share dividend is payable on April 30, 2018 to shareholders of record at the close of business on March 29, 2018. The quarterly amount is [Read more]
Encana delivers strong fourth quarter and 2017 results; company announces $400 million share repurchase program
CALGARY, Alberta, Feb. 15, 2018 (GLOBE NEWSWIRE) -- (TSX:ECA) (NYSE:ECA) Encana delivered outstanding financial and operating results in the fourth quarter to close a year of strong, consistent performance. The company met or exceeded its 2017 guidance targets, generated net earnings of $827 million, cash from operating activities of $1.1 billion and expanded its non-GAAP cash flow margin by 81 percent from 2016. Encana is positioned to meet or exceed the targets outlined in its five-year [Read more]
Cenovus reports solid 2017 results
CALGARY, Alberta, Feb. 15, 2018 (GLOBE NEWSWIRE) -- Cenovus Energy Inc. (TSX:CVE) (NYSE:CVE) delivered strong cash from operating activities and adjusted funds flow in 2017. Through its continued focus on capital discipline and reliable operational performance, the company generated almost $1.3 billion in free funds flow last year. Cenovus also completed the divestitures of its legacy conventional oil and natural gas assets within its expected timeframe. Divestiture proceeds and cash on hand [Read more]
Peyto Announces 2017 Reserves With Producing Reserves Added at Lowest Cost Since 2003
CALGARY, Alberta, Feb. 14, 2018 (GLOBE NEWSWIRE) -- Peyto Exploration & Development Corp. (“Peyto” or the “Company”) (TSX:PEY) is pleased to present the results and analysis of its independent reserve report effective December 31, 2017. The evaluation encompassed 100% of Peyto’s reserves and was conducted by InSite Petroleum Consultants (“InSite”). The year 2017 marks the Company’s 19th year of profitable reserves development. Reserves per share grew in all categories and producing [Read more]
Halcón Resources Announces Fourth Quarter 2017 Earnings Release and Conference Call Schedule
Houston, Texas, Feb. 14, 2018 (GLOBE NEWSWIRE) -- Halcón Resources Corporation (NYSE: HK) (“Halcón” or the “Company”) today announced plans to release its fourth quarter 2017 financial results on Wednesday, February 28, 2018 after trading closes on the New York Stock Exchange. The Company has also scheduled a conference call to discuss the release for Thursday, March 1, [Read more]
QEP Resources Reschedules Fourth Quarter and Full Year 2017 Financial and Operational Results Release Date and Conference Call
DENVER, Feb. 14, 2018 (GLOBE NEWSWIRE) -- QEP Resources, Inc. (NYSE:QEP) announced today that the financial and operational results release scheduled for Wednesday February 21, 2018, and the conference call to discuss the fourth quarter and full year 2017 financial and operational results scheduled for Thursday, February 22, 2018, have been rescheduled to Wednesday, February 28 after market close, and Thursday, March 1, 2018 at 9:00 a.m. ET (7:00 a.m. MT), respectively. The Company is [Read more]
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