BOE Report

Cardinal Energy Ltd. Confirms Monthly Dividend for January

CALGARY, ALBERTA--(Marketwired - Jan. 13, 2015) - Cardinal Energy Ltd. ("Cardinal" or the "Company") (TSX:CJ) has been built to weather this period of lower oil prices. Approximately 35% of our oil production for 2015 is hedged at an average price of $97 (CDN). We will take a cautious approach to capital spending in 2015 and in the first quarter expect to spend minimal maintenance capital with no funds allocated to drilling, completions or acquisitions. Cardinal expects to average 11,000 boepd [Read more]

Suncor accelerates spending reductions in response to lower crude price environment

CALGARY, ALBERTA--(Marketwired - Jan. 13, 2015) - Suncor Energy Inc. announced today significant spending reductions to its 2015 budget in response to the current lower crude price environment. The cuts include a $1 billion decrease in the company's capital spending program, as well as sustainable operating expense reductions of $600 million to $800 million to be phased in over two years offsetting inflation and growth. "Our integrated model and strong balance sheet have positioned us well [Read more]

First Nations Legal Challenge Aims to Enforce and Uphold BC Government’s Decision-Making Power Over Enbridge Northern Gateway Pipeline

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Jan. 13, 2015) - The Coastal First Nations and the Council and hereditary leadership of the Gitga'at First Nation are launching a constitutional challenge against the Province of British Columbia seeking to compel the Province to exercise its decision-making power over the Enbridge Northern Gateway Pipeline. The Petition, being filed today in British Columbia Supreme Court, says the Province is required to review the impacts of the project and make a [Read more]

Pan Orient Energy Corp.: Thailand Transaction Further Update

CALGARY, ALBERTA--(Marketwired - Jan. 13, 2015) - On November 5, 2014 Pan Orient Energy Corp. ("Pan Orient" or the "Company") (TSX VENTURE:POE) announced it had has entered into an agreement for the sale of a 50-per-cent equity interest in subsidiary Pan Orient Energy (Siam) Ltd. to a wholly owned subsidiary of Sea Oil Public Company Limited ("Sea Oil"), of Thailand, for a cash price of USD $42.5 million (CDN $48.3 million), including a working capital adjustment of USD $2.4 million (CDN $2.7 [Read more]

Touchstone Provides Operational Update

CALGARY, ALBERTA--(Marketwired - Jan. 13, 2015) - Touchstone Exploration Inc. ("Touchstone" or the "Company") (TSX:TXP) is pleased to provide the following operational update. Highlights Achieved peak production of 2,539 barrels per day ("bbls/d") in the quarter with 2,234 bbls/d from Trinidad and 305 bbls/d from Canada (based on seven day field estimated production average); Realized average sales in the fourth quarter of 2014 of 2,276 bbls/d [Read more]

Joint Open Season Offers New England and Atlantic Canada New Natural Gas Supplies

PORTLAND, ME--(Marketwired - January 12, 2015) - In response to ongoing efforts to address the urgent energy needs of the New England and Atlantic Canada region, Portland Natural Gas Transmission System (PNGTS), TransCanada PipeLines Limited (TCPL) and Iroquois Gas Transmission System, L.P. (IGTS) (the "Partners") announced simultaneous joint open seasons that will be conducted to allow for up to 300,000 dekatherms (Dth) per day of natural gas supply to be transported from the Wright Hub in [Read more]

BlackPearl Revises 2015 Capital Spending Plans Due to Lower Crude Oil Prices

CALGARY, ALBERTA--(Marketwired - Jan. 12, 2015) - BlackPearl Resources Inc. ("BlackPearl" or the "Company") (TSX:PXX)(OMX:PXXS) announced today changes to its 2015 capital program as a result of the continued deterioration in crude oil prices. Capital Plans In November 2014, the Company announced that it expected to spend approximately $280 million in 2014 and had set a 2015 capital budget of $80 million. Our original plans were based on forecast 2015 oil prices of US$85 WTI, a US$17 per [Read more]

Pengrowth Energy Corporation Confirms CDN $0.04 Cash Dividend Payable February 17, 2015

CALGARY, ALBERTA--(Marketwired - Jan. 12, 2015) - Pengrowth Energy Corporation (TSX:PGF) (NYSE:PGH) today announced that its February 17, 2015 cash dividend will be Cdn $0.04 per common share. The ex-dividend date is January 20, 2015. The dividend will be payable to all shareholders who hold Pengrowth shares at the close of business on the record date of January 22, 2015. The dividend of Cdn $0.04 per common share is equivalent to approximately U.S. $0.034 per common share using a [Read more]

Enbridge Selected to Provide Crude Oil Pipeline for Deepwater Gulf of Mexico Development

CALGARY, ALBERTA and HOUSTON, TEXAS--(Marketwired - Jan. 12, 2015) - Enbridge Inc. (TSX:ENB) (NYSE:ENB), announced today that it will build, own and operate a crude oil pipeline in the Gulf of Mexico to connect the planned Stampede development, operated by Hess Corporation, to an existing third-party pipeline system. The lateral pipeline is expected to cost approximately $0.13 billion and be operational in 2018. The Stampede development was previously sanctioned by Hess and its project co-owners [Read more]

AltaGas Ltd. Announces Monthly Dividend

CALGARY, ALBERTA--(Marketwired - Jan. 12, 2015) - AltaGas Ltd. ("AltaGas") (TSX:ALA) today announced that the January dividend will be paid on February 17, 2015, to common shareholders of record on January 26, 2015. The ex-dividend date is January 22, 2015. The amount of the dividend will be $0.1475 for each common share. This dividend is an eligible dividend for Canadian income tax purposes. AltaGas has a Dividend Reinvestment and Optional Share Purchase Plan ("DRIP") for eligible [Read more]