BOE Report

Enerplus Announces C$200 Million Bought Deal Financing

CALGARY, ALBERTA--(Marketwired - May 10, 2016) - Enerplus Corporation ("Enerplus" or the "Company") (TSX:ERF)(NYSE:ERF) has entered into an agreement with a syndicate of underwriters led by BMO Capital Markets, RBC Capital Markets and TD Securities Inc., under which the underwriters have agreed to buy on a bought deal basis 29,000,000 common shares of the Company (the "Common Shares") at a price of C$6.90 per Common Share for gross proceeds of C$200,100,000 (the "Offering"). The Company has [Read more]

Husky Energy Sells Southwest Saskatchewan Assets for $595 Million

CALGARY, AB--(Marketwired - May 10, 2016) - Husky Energy (TSX: HSE) has reached an agreement for the sale of select assets in southwest Saskatchewan for $595 million to Whitecap Resources. "Today's announcement is another step in the transition of our Western Canada portfolio into a more focused and efficient business," said CEO Asim Ghosh. "Over the past two months we have made significant progress on three major divestiture initiatives that will materially strengthen our balance sheet and [Read more]

Whitecap Resources Inc. Announces Acquisition of High Quality Low Decline Oil Assets, $470 Million Financing and Increased 2016 Guidance

CALGARY, ALBERTA--(Marketwired - May 10, 2016) - Whitecap Resources Inc. ("Whitecap" or the "Company") (TSX:WCP) is pleased to announce that it has entered into an agreement to purchase premium oil assets ("Assets") in western Canada for cash consideration of $595 million. The Assets are located in southwest Saskatchewan and add 11,600 boe/d (98% oil) of low decline operated production and include significant facility infrastructure for future growth (the "Acquisition"). The Acquisition will [Read more]

Inter Pipeline Announces Voting Results From Annual Meeting

CALGARY, ALBERTA--(Marketwired - May 10, 2016) - Inter Pipeline Ltd. (Inter Pipeline) (TSX:IPL) announced today the voting results from its annual meeting of shareholders (the "Meeting") held May 9, 2016 in Calgary, Alberta. Shareholders were asked to vote on a number of proposals as described in detail in Inter Pipeline's Management Information Circular dated March 21, 2016. A total of 142,463,622 common shares representing 42.31% of Inter Pipeline's issued and outstanding shares were [Read more]

Enbridge Inspects Sites for Safe Restart after Wildfires

CALGARY, ALBERTA--(Marketwired - May 10, 2016) - Enbridge Inc. (TSX:ENB) (NYSE:ENB) announced today crews have been inspecting facilities and pipelines in the Fort McMurray region. As fires retreat in some areas, Enbridge workers have been able to conduct field assessments of several of its sites. Inspections of the Athabasca and Cheecham terminal facilities indicate they have been largely unaffected by the fires. Below-ground pipelines along the rights-of-way are typically protected from [Read more]

Arsenal Energy Inc. Releases Q1 2016 Results and Operational Update

CALGARY, ALBERTA--(Marketwired - May 10, 2016) - Arsenal Energy Inc. ("Arsenal" or the "Company") (TSX:AEI) (OTCQX:AEYIF) Financial: Arsenal's Q1 2016 financial and operational results were severly impacted by lower commodity prices and lower production. Commodity prices declined 28% from Q4 2015 and 28% from Q1 2015 to $27.21 per boe. Q1 2016 average production of 3,058 boe/d was down 8% from Q4 2015 and 25% from Q1 2015 due to production declines, lack of development and tie-in activities, [Read more]

Manitok Energy Inc. Announces Repricing of Previously Announced Private Placement

CALGARY, ALBERTA--(Marketwired - May 10, 2016) - Manitok Energy Inc. (the "Corporation" or "Manitok") (TSX VENTURE:MEI) announces that the terms of its private placement offering of up to $10,000,000 originally announced on April 21, 2016, have been revised by the reduction in the price of the common shares (the "Common Shares") in the capital of Manitok from $0.21 per Common Share to $0.18 per Common Share and the reduction in the price of the Common Shares ("Flow-through Shares" and together [Read more]

Canadian Natural Resources Limited Reports Voting Results at Annual and Special Meeting

CALGARY, ALBERTA--(Marketwired - May 9, 2016) - Canadian Natural (TSX:CNQ) (NYSE:CNQ) held its Annual and Special Meeting of Shareholders on May 5, 2016. The result of the vote by shareholders for each resolution is reported below. 1. The election of the following nominees as directors of the Corporation for the ensuing year or until their [Read more]

Raging River Exploration Inc. Announces First Quarter Operating and Financial Results and Increased Guidance and Reaffirms Credit Facility

CALGARY, ALBERTA--(Marketwired - May 9, 2016) - Raging River Exploration Inc. (the "Company" or "Raging River") (TSX:RRX) announces its operating and financial results for the three months ended March 31, 2016. Selected financial and operational information is outlined below and should be read in conjunction with the unaudited interim financial statements and the related management, discussion and analysis ("MD&A"). These filings will be available at www.sedar.com and the Company's website [Read more]

Veresen Comments on FERC’s Issuance of a Tolling Order in Response to Jordan Cove LNG and Pacific Connector Rehearing Request

CALGARY, ALBERTA--(Marketwired - May 9, 2016) - Veresen Inc. ("Veresen") (TSX:VSN) has received notice from the Federal Energy Regulatory Commission ("FERC") that it has issued an Order Granting Rehearing for Further Consideration (the "Order") in response to the request for rehearing submitted on April 8, 2016, by Jordan Cove Energy Project, L.P. and Pacific Connector Gas Pipeline, LP. The Order, often referred to as a tolling order, is granted by FERC for the limited purpose of noting that [Read more]