BOE Report

TransCanada Announces Offer to Sell 49.3% Interest in Iroquois and Remaining 11.8% Interest in PNGTS to TC PipeLines, LP

CALGARY, ALBERTA--(Marketwired - Feb. 27, 2017) - TransCanada Corporation (TSX:TRP) (NYSE:TRP) (TransCanada) today announced it has offered to sell a 49.3 per cent interest in Iroquois Gas Transmission System, LP (Iroquois), together with its remaining 11.8 per cent interest in Portland Natural Gas Transmission System (PNGTS), subject to satisfactory negotiation of terms, compliance with any applicable regulatory requirements, and Partnership Board approval, to its master limited partnership, TC [Read more]

TC PipeLines, LP Announces 2016 Fourth Quarter and Year End Financial Results

HOUSTON, TEXAS--(Marketwired - Feb. 27, 2017) - TC PipeLines, LP (NYSE:TCP) (the Partnership) today reported fourth quarter 2016 net income attributable to controlling interests of $60 million and distributable cash flow of $67 million. For the year ended December 31, 2016, net income attributable to controlling interests was $244 million and distributable cash flow was $313 million. "The Partnership delivered solid results in 2016, reflecting the strength and stability of our portfolio [Read more]

Strategic Oil & Gas Ltd. Increases Reserves by 53% and Announces Share Consolidation

CALGARY, ALBERTA--(Marketwired - Feb. 27, 2017) - Strategic Oil & Gas Ltd. ("Strategic" or the "Company") (TSX VENTURE:SOG) is pleased to announce a 53% increase in proved and probable reserves to 19.6 MMboe at year-end 2016. In 2016 the Company invested $29.3 million in capital expenditures in drilling four delineation and four production wells at Marlowe. The invested capital added 7.5 MMboe of proved and probable reserves at a finding and development cost of $9.83 per boe, including [Read more]

Tamarack Valley Energy Ltd. Announces a 43% Increase in Proved Developed Producing Reserves and an Operational Update

CALGARY, ALBERTA--(Marketwired - Feb. 27, 2017) - Tamarack Valley Energy Ltd. ("Tamarack" or the "Company") (TSX:TVE) is pleased to announce the results of its independent oil and gas reserves evaluation as of December 31, 2016, prepared by GLJ Petroleum Consultants Ltd. ("GLJ"), summarized below. The reserves evaluation contained herein does not include the impact of the Spur Resources Ltd. acquisition that closed January 11, 2017 (the "Viking Acquisition"). Pro-forma reserves details including [Read more]

Pulse Oil Corp. (Formerly Wolfpack Capital Corp) Announces Closing of Qualifying Transaction; Trading to Resume on TSX Venture Exchange

KELOWNA, BRITISH COLUMBIA--(Marketwired - Feb. 27, 2017) -Pulse Oil Corp. ("Pulse" or the "Company") (TSX VENTURE:PUL) announces the closing of its Qualifying Transaction, as detailed in Pulse's Filing Statement dated February 15, 2017 that is filed on SEDAR. The TSX Venture Exchange (the "Exchange") has approved Pulse's proposed Qualifying Transaction to acquire all of the issued and outstanding shares of Hydrate Resources Corp. ("HRC") (the "Transaction") as recently described in Pulse's news [Read more]

Harvest Operations Announces Successful Refinancing

CALGARY, ALBERTA--(Marketwired - Feb. 24, 2017) - Harvest Operations Corp. ("Harvest" or the "Company") announced that is has successfully refinanced $1.0 billion through the closing of a new term loan and the restructuring of an existing credit facility. On February 17, 2017, Harvest entered into an agreement with a Korean based bank that allowed Harvest to borrow $500 million through a three year fixed rate term loan. This term loan was drawn down today and proceeds were used to repay [Read more]

Athabasca Oil Corporation Closes Balance Sheet Refinancing Transactions

CALGARY, ALBERTA--(Marketwired - Feb. 24, 2017) - Athabasca Oil Corporation (TSX:ATH) ("Athabasca" or the "Company") is pleased to announce that it has closed its previously announced balance sheet refinancing transactions, marking the conclusion of a series of strategic steps undertaken over the past year to transform the Company. The comprehensive refinancing plan provides Athabasca multi-year funding certainty and a strong liquidity outlook that will allow the Company to continue to advance [Read more]

Crew Energy Inc. Announces C$300 Million Senior Notes Offering

CALGARY, ALBERTA--(Marketwired - Feb. 24, 2017) - Crew Energy Inc. (TSX:CR) of Calgary, Alberta ("Crew" or the "Company") announced today that it has entered into an underwriting agreement to sell, on a private placement basis, C$300 million aggregate principal amount of 6.500% senior unsecured notes due March 14, 2024 (the "2024 Notes"). The 2024 Notes will be direct senior unsecured obligations of Crew ranking equal with all other present and future senior unsecured indebtedness of Crew. The [Read more]

Husky Energy Announces First Quarter 2017 Preferred Shares Dividend Payments

CALGARY, AB--(Marketwired - February 24, 2017) - Husky Energy's (TSX: HSE) regular dividend payments on each of the Cumulative Redeemable Preferred Shares -- Series 1, Series 2, Series 3, Series 5 and Series 7 -- will be paid for the three-month period ended March 31, 2017. The dividends will be payable on March 31, 2017 to holders of record at the close of business on March 14, 2017.         Share Series  Dividend Type  Rate (%)  Dividend Paid ($/share)            Series 1Series [Read more]

Husky Energy Reports 2016 Fourth Quarter and Annual Results

CALGARY, AB--(Marketwired - February 24, 2017) - Husky Energy Inc. (TSX: HSE) Increased production of 327,000 barrels of oil equivalent per day (boe/day) and steady refining throughputs contributed to funds from operations of $670 million and free cash flow of $279 million in the fourth quarter. "This past year has been challenging for the sector, but by responding quickly to the new pricing environment Husky is well positioned for the next phase of growth," said CEO Rob Peabody. "We have [Read more]