CALGARY - TransCanada Corp. (TSX:TRP) has reported increased first-quarter profit and revenue but its comparable earnings came in short of analyst estimates. The Calgary-based pipeline and power company's says its comparable earnings were $370 million or 52 cents per share — two cents per share below a consensus estimate but up from $363 million a year earlier. Its net income attributable to shareholders was $446 million, or 63 cents per share, up from 50 cents per share or $352 [Read more]
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Peyto Announces Expanded Credit Facility
CALGARY, ALBERTA--(Marketwired - April 26, 2013) - Peyto Exploration and Development Corp. ("Peyto" or "the Company") (PEY.TO) is pleased to announce that its syndicate of lenders, led by Bank of Montreal, and including Union Bank Canada Branch, Royal Bank of Canada, Canadian Imperial Bank of Commerce, Toronto-Dominion Bank, Scotiabank, HSBC Bank Canada, Alberta Treasury Branch, and Canadian Western Bank has expanded the Company's revolving credit facility from $730 million to $1.0 billion. This [Read more]
MGM Energy Corp. Announces Financial Results for the Three Months Ended March 31, 2013, Provides an Operations Update and Reports on the Results for the Election of its Directors
CALGARY, ALBERTA--(Marketwired - Apr 25, 2013) - MGM Energy Corp. (MGX.TO) ("MGM Energy" or the "Company") announced today its financial results for the three months ended March 31, 2013. The Company reported a net loss for the three months ended March 31, 2013 of $0.6 million ($0.00 per share) as compared to a net loss of $1.6 million ($0.01 per share) for the three months ended March 31, 2012. MGM Energy's full unaudited financial statements and accompanying Management's Discussion and [Read more]
Xtreme Drilling and Coil Services announces Election of Directors
CALGARY, ALBERTA--(Marketwired - April 25, 2013) -Xtreme Drilling and Coil Services (XDC.TO) is pleased to announce that the nominees listed in the Information Circular dated March 15, 2013 were elected as directors of Xtreme. The detailed results of the vote for the election held at its Annual Meeting on April 17, 2013 are set out below. Nominee Votes For % Votes For Votes Withheld % Votes Withheld Saad Bargach 46,655,562 99.0 482,357 1.0 Randolph M. [Read more]
Ron “The Taxman” Liepert decrees need for Alberta sales tax
LETHBRIDGE, Alta. - A former Alberta finance minister says it's time to talk about a provincial sales tax. Ron Liepert says having a PST could help level out the peaks and valleys in Alberta's revenue, which he says is tied too closely to oil prices. Speaking in Lethbridge, Liepert said he believes Albertans want to talk about the options. Liepert also suggested it's odd to suggest Albertans don't pay a sales tax because the federal GST has been around for more than 20 [Read more]
Alberta Star Announces Normal Course Issuer Bid
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Apr 25, 2013) - Alberta Star Development Corp. (TSX VENTURE:ASX)(ASXSF)(FRANKFURT:QLD) (the "Company"), announces today its intention to make a normal course issuer bid (the "Bid") to purchase for cancellation, from time to time, as it considers advisable, up to 1,800,000 of its issued and outstanding common shares, being approximately 8.4% of the Company's currently outstanding common shares and approximately 9.5% of the Company's Public Float (as [Read more]
Yangarra Provides an Operations Update, Increases its Credit Facility and Files its Annual Information Form
CALGARY, April 25, 2013 /CNW/ - Yangarra Resources Ltd. ("Yangarra" or the "Company") (TSX-V:YGR.V) provides an operations update, announces an increase to its credit facility and files its Annual Information Form. Operations Update Yangarra's new Ferrier gas processing facility (100% working interest), constructed under budget and ahead of schedule, was put into service April 10, 2013. The Company's facility is currently ramping up to its full capacity of 12 mmcf/d with six of eight standing [Read more]
Massive Kearl oilsands mine ready to start up any day now, Imperial CEO says
Lauren Krugel, The Canadian Press CALGARY – With Imperial Oil Ltd.’s Kearl oilsands mine ready to start up any day now, CEO Rich Kruger shrugged off concerns about whether the already tight North American market can soak up another 110,000 barrels of crude a day. “Start up is imminent,” Kruger told reporters following the company’s annual general meeting on Thursday. “It’s real soon. We’re right on the cusp of starting up.” Late last year and early this year, the price gap between [Read more]
Natural gas storage builds at expectations
Working gas in storage was 1,734 Bcf as of Friday, April 19, 2013, according to EIA estimates. This represents a net change of +30 Bcf;in-line with analyst estimates of ~+30 Bcf.Stocks were 807 Bcf less than last year at this time and 94 Bcf below the 5-year average of 1,828 Bcf. [table] [attr style="width: 25%"]`[attr style="width: 25%"]April 19`[attr style="width: 25%"]April 12`[attr style="width: [Read more]
Imperial Oil announces estimated first quarter financial and operating results
FOR THE THREE MONTHS ENDED MARCH 31, 2013 CALGARY , April 25, 2013 /CNW/ - First quarter (millions of dollars, unless noted) 2013 2012 % Net income (U.S. GAAP) 798 1,015 (21) Net income per common share - assuming dilution (dollars) 0.94 1.19 (21) Capital and exploration expenditures 2,976 1,173 154 Rich [Read more]