CALGARY, ALBERTA--(Marketwired - Dec. 9, 2014) - STORM RESOURCES LTD. ("Storm") (TSX VENTURE:SRX) announces that it has granted stock options ("Options") to acquire 1,863,000 common shares in the capital of Storm ("Common Shares") pursuant to its stock option plan, 779,500 of which were granted to the directors and officers of Storm. The Options vest over three years (1/3 on each of the first, second and third anniversary of the grant date), are exercisable at a price of $4.31 per Common Share [Read more]
News
Artek Exploration Ltd. Announces Closing of Non-Core Property Dispositions
CALGARY, ALBERTA--(Marketwired - Dec. 9, 2014) - Artek Exploration Ltd. (TSX:RTK) of Calgary, Alberta ("Artek" or the "Company") is pleased to announce that it has successfully closed the non-core asset disposition transactions which were previously disclosed in its press release of December 2, 2014, for total cash proceeds to the Company of $21.85 million, before customary closing adjustments. Artek is a crude oil and natural gas exploration, development and production company headquartered [Read more]
Artisan Energy Announces Upsizing of Previously Announced Brokered Flow Through Share Private Placement
CALGARY, ALBERTA--(Marketwired - Dec. 9, 2014) - Artisan Energy Corporation ("Artisan" or the "Corporation") (TSX VENTURE:AEC) is pleased to announce that, due to demand from investors, it has increased the size of its previously announced brokered private placement, which is being conducted on a best efforts agency basis by Integral Capital Markets, a division of Integral Wealth Securities Limited ("Integral"), of common shares to be issued on a "flow-through" basis pursuant to the Income Tax [Read more]
Keyera Increases and Extends Credit Facility
CALGARY, Dec. 9, 2014 /CNW/ - Keyera Corp. (TSX:KEY) ("Keyera") today announced that it has agreed on terms with a syndicate of eight lenders to increase and extend its unsecured revolving credit facility (the "Credit Facility"). The Credit Facility will increase from $750 million to $1 billion, with the potential to increase to $1.35 billion, subject to certain conditions. In addition, the term of the Credit Facility has been extended from December 6, 2017 to December 6, 2019. "The changes [Read more]
Gibson Announces 2015 Capital Expenditure Budget of $510 Million
CALGARY, ALBERTA--(Marketwired - Dec. 9, 2014) - Gibson Energy Inc. ("Gibson" or the "Company"), (TSX:GEI), announced today that its Board of Directors has approved the Company's 2015 capital expenditure budget of $510 million. Approximately $435 million of the 2015 budget is allocated to growth capital expenditures with $75 million allocated to upgrade and replacement capital to support our growing operations. "Based on the strength of our balance sheet and the high quality of the largely [Read more]
Premier Jim Prentice says low oil prices punch $6-$7B hole in Alberta budget
EDMONTON - Premier Jim Prentice says if oil prices continue to remain low, they will blow a $6 billion to $7 billion hole in the $40-billion provincial budget and no Albertan will be spared the pain."A return to extremely volatile energy prices has created conditions that we cannot ignore," Prentice said Tuesday in a speech to the Edmonton Chamber of Commerce."Tough choices are going to have to be made and they will be made."Prentice was reacting to the price of oil that was around the US$100 [Read more]
Harper calls oil and gas regs ‘crazy economic policy’ in times of cheap oil
OTTAWA - Stephen Harper slammed the door on unilaterally regulating Canada's oil and gas sector Tuesday even as four provincial governments, representing almost 80 per cent of Canada's population, were pledging to go further and faster in reducing greenhouse gas emissions.Environment ministers from British Columbia, Manitoba, Ontario and Quebec signed what they're calling a compact in Lima, Peru, where an international climate conference is underway.They've joined with 12 other sub-national [Read more]
Coral Hill Energy to Be Acquired by Aspenleaf Energy
CALGARY, ALBERTA--(Marketwired - Dec. 8, 2014) - Coral Hill Energy Ltd. ("Coral Hill") is pleased to announce that it has entered into an arrangement agreement (the "Arrangement Agreement") with Aspenleaf Energy Limited ("Aspenleaf") pursuant to which Aspenleaf will acquire all of the issued and outstanding common shares ("Common Shares") of Coral Hill by way of a plan of arrangement (the "Arrangement") on the basis of, at the election of each shareholder: (i) $2.80 cash per share; and/or (ii) [Read more]
Baytex Announces 2015 Budget and Change to Dividends
CALGARY, ALBERTA--(Marketwired - Dec. 8, 2014) - Baytex Energy Corp. ("Baytex") (TSX:BTE)(NYSE:BTE) announces that its Board of Directors has approved a 2015 capital budget of $575 to $650 million, which is designed to generate average production of 88,000 to 92,000 boe/d for 2015 after planned non-core asset sales of approximately 1,000 boe/d. The Board of Directors has also approved a revised dividend level of $0.10 per share per month, down from $0.24 per share per month, [Read more]
Husky Closes Preferred Shares Issuance
CALGARY, ALBERTA--(Marketwired - Dec. 9, 2014) - Husky Energy (TSX:HSE) has completed its recently announced public offering of 10 million Cumulative Rate Reset Preferred Shares, Series 3 (the "Series 3 Shares"). The aggregate gross proceeds to Husky from the completed upsized offering is $250 million. The net proceeds from this offering will be used to further support the Company's strong balance sheet and business plan as well as for general corporate purposes, which may include, among [Read more]