CALGARY, ALBERTA--(Marketwired - March 4, 2015) - Husky Energy (TSX:HSE)(TSX:HSE.PR.A)(TSX:HSE.PR.C) has agreed to issue to a syndicate of underwriters led by TD Securities Inc. and RBC Capital Markets for distribution to the public 6,000,000 Cumulative Redeemable Preferred Shares, Series 5 (the "Series 5 Shares"). The Series 5 Shares will be issued at a price of $25.00 per Series 5 Share, for aggregate gross proceeds of $150 million. Holders of the Series 5 Shares will be entitled to receive [Read more]
News
Standing pat: Bank of Canada keeps its trendsetting interest rate at 0.75%
OTTAWA - The Bank of Canada maintained its key interest rate Wednesday as it credited global economic conditions and its January cut for helping the country weather the bruising oil slump.The central bank's latest policy announcement, which kept the overnight rate target at 0.75 per cent, also contained a slightly sunnier outlook, leaving many analysts with the impression there won't be any other reductions any time soon.It was the bank's first policy decision since January when governor [Read more]
Rock Energy Inc. Announces Exercise of Over-Allotment Option by Underwriters
CALGARY, ALBERTA--(Marketwired - March 4, 2015) - Rock Energy Inc. ("Rock" or the "Company") (TSX:RE) is pleased to announce it has closed the over-allotment option on its previously announced bought-deal financing (the "Offering"), with a syndicate of underwriters led by Dundee Securities Ltd. and including Acumen Capital Finance Partners Limited, AltaCorp Capital Inc., FirstEnergy Capital Corp., Haywood Securities Inc., National Bank Financial Inc., Paradigm Capital Inc. and GMP Securities [Read more]
Viking Provides Update on Status of First Well Within the Joffre, Alberta, Canada Project
NEW YORK, NY--(Marketwired - Mar 4, 2015) - Viking Investments Group, Inc. ("Viking") (OTCQB: VKIN) is pleased to provide a status update regarding placing the first well within the Joffre D3 B Pool (the "Joffre Project") on production. Joffre Project: The Joffre Project, in which Viking has a 50% working interest, consists of 4 suspended oil wells and 1 suspended water injection well. As previously announced, Viking and Tanager Energy Inc. ("Tanager"), joint venture operator of the Joffre [Read more]
Virginia Hills Oil Corp. Announces the Proposed Acquisition of a Private Oil and Gas Producer and Amendments to the Terms of Its Previously Announced Private Placement
CALGARY, ALBERTA--(Marketwired - March 4, 2015) - Virginia Hills Oil Corp. ("Virginia Hills" or the "Company") and Pinecrest Energy Inc. ("Pinecrest") (TSX VENTURE:PRY) are pleased to announce that Virginia Hills and its wholly-owned subsidiary 1834163 Alberta Ltd. ("AcquisitionCo") have entered into an agreement (the "Amalgamation Agreement") with a private oil and gas producer ("PrivateCo") pursuant to which Virginia Hills, through AcquisitionCo, will purchase all of the issued and outstanding [Read more]
Blackbird Energy Announces Two Significant Condensate and Liquids-Rich Gas Discoveries at Elmworth
CALGARY, ALBERTA--(Marketwired - March 4, 2015) - Blackbird Energy Inc. ("Blackbird") (TSX VENTURE:BBI) is very pleased to announce that its first two operated horizontal Montney wells, which are located at 06-26-70-07-W6 ("06-26") and 05-26-70-07W6 ("05-26") on Blackbird's 69 section land block at Elmworth, Alberta, Canada, have been successfully completed and tested. The 06-26 and 05-26 wells were drilled into the Middle Montney and Upper Montney intervals respectively, and both wells [Read more]
Mapan Energy Ltd. Reports Year End 2014 Operating and Financial Results and Adoption of Advance Notice By-Law
CALGARY, ALBERTA--(Marketwired - March 4, 2015) - Mapan Energy Ltd. ("Mapan" or the "Company") (TSX VENTURE:MPG) is pleased to report its operating and financial results for the three and thirteen months ended December 31, 2014. Mapan will be filing its 2014 audited financial statements and management's discussion and analysis as at and for the three and twelve months ended December 31, 2014, which will contain detailed information regarding the Company's results. When filed, these documents [Read more]
Here’s What Will Send Oil Prices Back Up Again
Oil’s rapid decline since August of last year has been dramatic. To listen to some commentators you would also think it is unprecedented and irreversible. Those claiming that oil will continue to fall from here and remain low for evermore, however, are flying in the face of both history and common sense. The question we should be asking ourselves is not if oil prices will recover, but when they will. Figure 1: Inflation adjusted WTI since Jan 1985. Chart from Macrotrends.net From June [Read more]
Gibson Declares Dividend and Announces a 7% Dividend Increase
CALGARY, ALBERTA--(Marketwired - March 3, 2015) - Gibson Energy Inc. ("Gibson" or the "Company"), (TSX:GEI), announced today that its Board of Directors has approved a quarterly dividend of $0.32 per common share payable on April 17, 2015, to shareholders of record at the close of business on March 31, 2015. This dividend is designated as an eligible dividend for Canadian income tax purposes. For non-resident shareholders, Gibson's dividends are subject to Canadian withholding tax. "Today's [Read more]
Birchcliff Energy Ltd. Mourns the Passing of Board Member Werner (Vern) A. Siemens
CALGARY, ALBERTA--(Marketwired - March 3, 2015) - Birchcliff Energy Ltd. ("Birchcliff") (TSX:BIR) regrets to announce the passing of Werner (Vern) A. Siemens, on March 2, 2015, a founding shareholder and Director of Birchcliff, at the age of 78. "Vern was an important member of the Birchcliff family and he will be sadly missed" said Jeff Tonken, President and CEO of Birchcliff. "Vern was an experienced oilman, a dedicated and diligent director whose strong leadership has been invaluable to [Read more]