CALGARY, ALBERTA--(Marketwired - April 19, 2016) - Gibson Energy Inc. ("Gibsons" or the "Company"), (TSX:GEI), announced today a new management structure and changes to its segmented reporting beginning with the three month period ending March 31, 2016. New Management Structure Following a review of the management of the Company's operations, and in support of improved customer interface and enhanced internal efficiencies, we have reorganized our business which will now be reported under [Read more]
International Frontier Resources Corporation 2015 Year-End Financial Results
CALGARY, ALBERTA--(Marketwired - April 18, 2016) - International Frontier Resources Corporation (the "Company") (TSX VENTURE:IFR) today reported its financial results for the year ended December 31, 2015. The Company recorded a consolidated net loss for the year ended December 31, 2015 of $4,394,775 ($0.06 per share) as compared to a consolidated net loss of $561,465 ($0.009 per share) at December 31, 2014. Excluding non-cash charges comprised of accretion, depletion, depreciation, share-based [Read more]
Pembina Pipeline Corporation Increases Size of Preferred Share Offering
CALGARY, ALBERTA--(Marketwired - April 18, 2016) - Pembina Pipeline Corporation ("Pembina" or "the Company") (TSX:PPL)(NYSE:PBA) is pleased to announce that as a result of strong investor demand for its previously announced offering of cumulative redeemable minimum rate reset class A preferred shares, Series 13 (the "Series 13 Preferred Shares"), the size of the offering has been increased to 10,000,000 Series 13 Preferred Shares, for aggregate gross proceeds of $250 million. The offering no [Read more]
Pembina Pipeline Corporation Launches $150 Million Bought Deal Preferred Share Offering and Provides Previously Announced Acquisition Update
CALGARY, ALBERTA--(Marketwired - April 18, 2016) - Pembina Pipeline Corporation ("Pembina" or "the Company") (TSX:PPL)(NYSE:PBA) is pleased to announce that it has entered into an agreement with a syndicate of underwriters co-led by RBC Capital Markets and Scotiabank (together, the "Underwriters") pursuant to which the Underwriters have agreed to purchase from Pembina 6,000,000 cumulative redeemable minimum rate reset class A preferred shares, Series 13 (the "Series 13 Preferred Shares") at a [Read more]
Suncor Energy to provide enhanced disclosure for investors
CALGARY, ALBERTA--(Marketwired - April 18, 2016) - Suncor today announced that enhanced disclosure around carbon risk and its lobbying activities will be provided in the 2016 Report on Sustainability to be issued in July. As part of this enhanced disclosure, Suncor will provide further information about how the company is expected to succeed in a low carbon future. Regarding lobbying practices, Suncor will expand its disclosure by publishing its policy on lobbying and political donations, and [Read more]
AltaGas Chief Executive Officer Transition
CALGARY, ALBERTA--(Marketwired - April 18, 2016) - AltaGas Ltd. ("AltaGas") (TSX:ALA) announced today that, further to its press release of October 28, 2015, it is confirming the transition of the Chief Executive Officer role. David W. Cornhill has stepped down as Chief Executive Officer effective April 15, 2016, and David M. Harris, previously AltaGas' President and Chief Operating Officer, has succeeded David Cornhill and assumed the role of President and Chief Executive Officer effective [Read more]
Entrada Resources Announces Closing of Initial Financing
CALGARY AB--(Marketwired - April 18, 2016) - Entrada Resources Inc. ("Entrada" or the "Company") is pleased to announce the closing of its initial financing by Azimuth Capital Management Azimuth is an experienced, leading independent energy focused private equity firm based in Calgary, Alberta. Since November 2003, Azimuth has invested with leadership teams that have a shared vision of value creation and partnership. Azimuth currently has investments in 18 portfolio companies including [Read more]
Husky Energy Begins Production at Edam East
CALGARY, AB--(Marketwired - April 18, 2016) - Husky Energy (TSX: HSE) has commenced production at its Edam East Lloyd Thermal Project in Saskatchewan, the first of three thermal developments scheduled to come online this year. First oil at the 10,000 barrels per day (bbls/day) development was achieved about seven weeks following the startup of steaming operations. "Our growing portfolio of heavy oil thermal projects continues to lead Husky's transition into a low sustaining capital [Read more]
Anderson Energy Provides an Update on the Closing of the Exchange Transaction and a Revision to Its Shareholder Meeting Date
CALGARY, ALBERTA--(Marketwired - April 15, 2016) - Anderson Energy Inc. ("Anderson" or the "Company") (TSX:AXL) announces that the exchange transaction approved at a meeting of the holders of the Company's 7.25% Series B convertible unsecured subordinated debentures held on April 1, 2016 (the "Exchange Transaction") is expected to close immediately following the final approval from the Toronto Stock Exchange (the "TSX"). Pursuant to the Exchange Transaction, all of the Series B debentures ($46.0 [Read more]
Traverse Energy Announces 2015 Year End Results
CALGARY, ALBERTA--(Marketwired - April 14, 2016) - Traverse Energy Ltd. ("Traverse" or "the Company") (TSX VENTURE:TVL) presents financial and operating results for the year ended December 31, 2015. Three Months Ended December 31 (unaudited) Year Ended December 31 Highlights 2015 2014 2015 2014 Financial ($ thousands, except per share amounts) Petroleum and natural gas revenue $ 3,172 $ 5,508 $ 12,882 $ 19,717 Cash provided by [Read more]
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