FORT MCMURRAY, Alta. - Tests are being done to determine whether a waste water spill at an oilsands plant in northern Alberta made its way into a nearby river. The leak was discovered Monday at a Suncor (TSX:SU.TO) base plant north of Fort McMurray. Company spokeswoman Sneh Seetal said a pipe about four metres long froze and burst, sending "process-affected water" into a partially frozen outfall pond containing treated water. Seetal said it's not yet known what exactly was in [Read more]
News
Pace Oil & Gas Ltd., AvenEx Energy Corp. and Charger Energy Corp. Receive Final Court Approval for Plan of Arrangement to Form Spyglass Resources Corp.
CALGARY, ALBERTA--(Marketwire - Mar 26, 2013) - Pace Oil & Gas Ltd. ("Pace") (PCE.TO), AvenEx Energy Corp. ("AvenEx") (AVF.TO) and Charger Energy Corp. ("Charger") (TSX VENTURE:CHX) are pleased to announce that they have received final court approval for the previously announced plan of arrangement under the Business Corporations Act (Alberta) (the "Merger"), to form Spyglass Resources Corp (TSX:SGL) ("Spyglass"), an intermediate-sized oil and gas producer with a balanced commodity [Read more]
Shoreline Energy Corp. Announces Closing of the Second and Final Tranche of the Previously Announced Brokered Private Placement
CALGARY, ALBERTA--(Marketwire - March 26, 2013) - Shoreline Energy Corp. (SEQ.TO) ("Shoreline" or the "Corporation") is pleased to announce that it has closed the second and final tranche of its previously announced brokered private placement financing (the "Financing"), resulting in gross proceeds to Shoreline of approximately $938,518 through the issuance of 268,148 common shares ("Common Shares") of the Corporation at a subscription price of $3.50 per Common Share. Macquarie Private Wealth [Read more]
Inter Pipeline gets oilsands producers’ commitment for $2.6-billion expansion
CALGARY - Inter Pipeline Fund (TSX:IPL-UN.TO) has reached binding long-term commitments for an expanded oilsands pipeline system that it plans to build for about $2.6 billion. The commitments will be initially for 20 years with options that could increase the length of the commitments to 30 years. The company says it will build 840 kilometres of new pipeline and seven new pump stations to serve three oilsands operations owned by the FCCL Partnership. FCCL is a partnership [Read more]
Pace Oil & Gas Ltd., AvenEx Energy Corp. and Charger Energy Corp. Receive Shareholder Approval for Plan of Arrangement to Form Spyglass Resources Corp.
CALGARY, ALBERTA--(Marketwire - March 26, 2013) - Pace Oil & Gas Ltd. ("Pace") (PCE.TO), AvenEx Energy Corp. ("AvenEx") (AVF.TO) and Charger Energy Corp. ("Charger") (TSX VENTURE:CHX) are pleased to announce that shareholders have approved the previously announced plan of arrangement under the Business Corporations Act (Alberta) (the "Merger"), to form Spyglass Resources Corp (TSX:SGL) ("Spyglass"), an intermediate-sized oil and gas producer with a balanced commodity profile and a monthly [Read more]
Workers halt discharge of water from northern Alberta oilsands pond
FORT MCMURRAY, Alta. - Work is underway to determine the effects of a discharge of water from an outfall pond at a Suncor (TSX:SU.TO) facility in northern Alberta. Alberta Environment says in a release that a leak of what it calls process-affected water happened early Monday at the plant north of Fort McMurray. Details were not immediately available on the volume of water that was released, or what it contains. The department says the discharge was stopped and water samples [Read more]
Equal Energy Responds to Unsolicited Proposal
CALGARY , Alberta, March 25, 2013 /CNW/ - Equal Energy Ltd. (EQU.TO) (EQU) ("Equal") confirms that it is aware of a public announcement by Montclair Energy, LLC ("Montclair") today with respect to its prior unsolicited and conditional proposal dated February 27, 2013 to acquire all of the common shares of Equal (the "Proposal"). In response to Equal's receipt of the afore-mentioned Proposal and a number of verbal non-binding and conditional expressions of interest for a potential transaction, [Read more]
Encana Amends Its Dividend Reinvestment Plan
CALGARY, ALBERTA--(Marketwire - Mar 25, 2013) - Encana Corporation (ECA.TO) (ECA) ("Encana") today announced that it has amended its Dividend Reinvestment Plan (the "DRIP") to permit the company to issue from its treasury Encana common shares at a discount to the average market price for the common shares (as defined in the DRIP) for the applicable dividend payment date. Beginning in the second quarter of 2013, Encana's Board of Directors has determined that all common shares distributed to [Read more]
TSX closes lower, early enthusiasm for Cypriot bailout deal evaporates
By Malcolm Morrison, The Canadian Press TORONTO - The Toronto stock market closed lower Monday as earlier relief over a bailout deal for Cyprus faded. The S&P/TSX composite index finished the session down 76.64 points to 12,680.71 with smartphone maker BlackBerry also a major weight ahead of its earnings release later in the week. Indexes had been higher earlier in the session after Cyprus clinched a €10-billion bailout from the International Monetary Fund, the European Commission [Read more]
Montclair Energy still looking to buy Equal Energy after $142-million offer
By The Canadian Press CALGARY - Montclair Energy LLC said Monday it was still looking to buy Equal Energy Ltd. (TSX:EQU.TO) after the company rejected a takeover bid worth $142 million. Montclair said it had hoped to reach a negotiated deal, but the Equal board turned down the offer of $4 per share in cash on March 15. "While our goal is to reach a negotiated transaction with Equal Energy, we have determined that Equal Energy shareholders should be informed of our interest in an [Read more]