BOE Report

Sunshine Oilsands Ltd.: Grant of Share Options and Appointment of Canadian Corporate Secretary

HONG KONG, CHINA and CALGARY, ALBERTA--(Marketwired - Dec. 6, 2016) - Grant of Options The board of directors of Sunshine Oilsands Ltd. (the "Corporation") (HKEX:2012) announces that share options (the "Options") to acquire Class "A" common shares in the capital of the Corporation (the "Shares") were granted by the Corporation, to certain employees of the Corporation (the "Grantees"), under its share option scheme adopted on January 26, 2012, as amended on May 7, 2013 and June 13, 2013 [Read more]

Husky Energy to Announce 2017 Capital Plan and Production Outlook

CALGARY, AB--(Marketwired - December 06, 2016) - Husky Energy (TSX: HSE) will release its planned 2017 capital expenditure and production guidance before markets open on Tuesday, December 13, 2016. A conference call will be held the same day beginning at 9 a.m. Mountain Time (11 a.m. Eastern Time).CEO Rob Peabody and CFO Jon McKenzie will participate in the call.Conference Call Details: To listen live: Canada and U.S. Toll Free: 1-800-319-4610Outside Canada and U.S.: 1-604-638-5340 To listen to [Read more]

Tervita Obtains Final Court Order Approving Recapitalization Transaction

CALGARY, ALBERTA--(Marketwired - Dec. 6, 2016) - Tervita Corporation and certain of its affiliates ("Tervita" or the "Company") announced today that, in connection with the previously announced proposed recapitalization transaction (the "Recapitalization Transaction") described in the Company's management information circular dated October 28, 2016, the Company obtained a final court order from the Alberta Court of Queen's Bench approving its plan of arrangement under the Canada Business [Read more]

Gibsons Announces Budgeted 2017 and Preliminary 2018 Capital Expenditure Plans, Senior Management Changes and an Update on the Industrial Propane Sales Process

CALGARY, ALBERTA--(Marketwired - Dec. 6, 2016) - Gibson Energy Inc. ("Gibsons" or the "Company"), (TSX:GEI), announced today that its Board of Directors has approved a 2017 growth capital expenditure budget in the range of $150 million to $250 million. Additionally, the Board of Directors has approved the allocation of $45 million to upgrade and replacement capital expenditures. "Our 2017 growth capital expenditure plan is weighted more than 90% towards infrastructure projects and reflects [Read more]

Sinopec Canada Awarded Top Prize for Chinese Investment in Canada

CALGARY, AB--(Marketwired - December 06, 2016) - Sinopec Canada is pleased to announce that it was the recipient of the Gold Business Excellence Award from the Canada China Business Council (CCBC) in the category of Chinese Investment in Canada. The award was presented at the CCBC's biennial luncheon held in Toronto on December 2, 2016. The independent panel of judges highlighted Sinopec Canada's cultural integration, community investment and contributions to the Canadian economy in [Read more]

Marquee Energy Ltd. and Alberta Oilsands Inc. Announce Successful Completion of Arrangement

CALGARY, AB--(Marketwired - December 06, 2016) - Marquee Energy Ltd. (formerly Alberta Oilsands Inc.) ("New Marquee") (TSX VENTURE: MQX) today announced the completion of the previously announced acquisition of Marquee Energy Ltd. ("Old Marquee") (TSX VENTURE: MQL) by Alberta Oilsands Inc. ("AOS") (TSX VENTURE: AOS) by way of a plan of arrangement (the "Arrangement") and the subsequent completion of the short-form vertical amalgamation to form New Marquee. Pursuant to the Arrangement, holders of [Read more]

Pine Cliff Energy Ltd. Announces $31.4 Million Disposition of Non-Core Oil Assets and Management Update

CALGARY, ALBERTA--(Marketwired - Dec. 6, 2016) - Pine Cliff Energy Ltd. ("Pine Cliff" or the "Company") (TSX:PNE) is pleased to announce that it has entered into an agreement to sell a non-core oil asset (the "Disposed Assets") for $31.4 million, prior to any closing adjustments (the "Disposition"), consisting of approximately $26.4 million in cash and approximately $5.0 million in TSX-listed common shares of the purchaser. The Disposed Assets include approximately 500 barrels of oil [Read more]

Fraser Institute News Release: Alberta increasingly unattractive for oil and gas investment, according to annual global survey

CALGARY, AB--(Marketwired - December 06, 2016) - Alberta continues to look less attractive for investment in the eyes of oil and gas companies, while neighbouring Saskatchewan keeps looking better, finds the annual global survey of petroleum-sector executives released today by the Fraser Institute, an independent, non-partisan, Canadian public policy think-tank. "The Alberta government has introduced policies that are confusing and possibly costly, creating uncertainty for the oil and gas [Read more]

Suncor Energy successfully resolves $1.3 billion tax dispute with Canada Revenue Agency

CALGARY, ALBERTA--(Marketwired - Dec. 5, 2016) - Suncor today reports that the Tax Court of Canada has issued a favourable Order resolving the previously disclosed dispute with the Canada Revenue Agency (CRA). The dispute was in regards to the income tax treatment of realized losses in 2007 on the settlement of certain derivative contracts. The Tax Court Order confirms the successful resolution of this matter between Suncor and the CRA, resulting in no additional taxes, interest or penalties. [Read more]

Inter Pipeline Granted Royalty Credits Under Alberta’s Petrochemical Diversification Program

CALGARY, ALBERTA--(Marketwired - Dec. 5, 2016) - Inter Pipeline Ltd. ("Inter Pipeline") (TSX:IPL) announced today that it will receive $200 million in royalty credits from the Government of Alberta's Petrochemical Diversification Program, the maximum amount any one project is eligible to receive under this program. Credits have been awarded in support of Inter Pipeline's proposed construction of a $1.85 billion propane dehydrogenation (PDH) facility near Fort Saskatchewan, Alberta. As part of [Read more]