CALGARY - Suncor Energy raised the stakes Thursday in its proposed hostile takeover of Canadian Oil Sands, saying it is willing to walk away if the Alberta Securities Commission upholds an extension to its deadline of Dec. 4 on whether to accept the deal.Steve Reynish, Suncor's executive vice-president of strategy and corporate development, testified that his company would not let its $4.5-billion all-stock offer stand if the regulator extends the 60-day deadline it set out when it made its [Read more]
News
National Energy Board launches online inspection reports of pipeline companies
CALGARY, Nov. 26, 2015 /CNW/ - Beginning immediately, Canadians will be able to access National Energy Board (NEB) pipeline company field inspection reports online from November 26th forward. This initiative reflects the NEB's mandate of openness and accountability to Canadians. NEB Inspection reports will be available online within six weeks of the inspection taking place to ensure that information is accurate, informative and translated into both of Canada's official languages. The [Read more]
Quattro Releases 3rd Quarter Financials Reporting Net Earnings of $0.01 Per Share
CALGARY, Alberta, Nov. 26, 2015 (GLOBE NEWSWIRE) -- Quattro Exploration and Production Ltd. (TSX-V:QXP) ("Quattro" or the "Company") is pleased to announce the filing of its third quarter 2015 financial statements, reporting net earnings of CDN $0.01 per share. The Company reported the following results for the 3 months ending September 30th, 2015: • Revenues $3,501,408 • Net income from operations, $ 11.70 per boe "Net Back" $1,589,167 • Net earnings, after tax of $0.01 [Read more]
Suncor Energy posts documents filed with Alberta Securities Commission
CALGARY, ALBERTA--(Marketwired - Nov. 26, 2015) - Suncor Energy today posted documents on its offer web site which had been previously filed with the Alberta Securities Commission ("ASC"). The documents include written submissions and supporting material as to why Suncor believes the ASC should strike down a 120-day shareholder rights plan adopted by the Board of Canadian Oil Sands Ltd ("COS"). The ASC's hearing on this matter is scheduled for today. Suncor's intention had been to respect the [Read more]
Canamax Announces Financial and Operating Results for the Third Quarter Ended September 30, 2015
CALGARY, AB--(Marketwired - November 26, 2015) - Canamax Energy Ltd. ("Canamax" or the "Company") (TSX VENTURE: CAC) is pleased to announce the Company's financial and operational results for the interim period ended September 30, 2015. Highlights During Q3 2015, Canamax completed two significant acquisitions and a financing which resulted in the Company materially increasing its production base and substantially eliminating its debt. Canamax's production averaged 1,244 boe/d during Q3 [Read more]
Long Run Exploration Ltd. Confirms Deposit of $10 Million in Escrow Pursuant to the Proposed Private Placement
CALGARY, ALBERTA--(Marketwired - Nov. 26, 2015) - Long Run Exploration Ltd. ("Long Run" or the "Company") (TSX:LRE) has been advised by the escrow agent that it has received the $10 million required to be deposited in escrow by November 30, 2015 in connection with the proposed private placement with Maple Marathon Investments Limited ("Maple Marathon"). The escrow funds are being held by the escrow agent in Canada. The escrow funds will be applied to Maple Marathon's subscription under the [Read more]
Striker Exploration Corp. Announces Third Quarter 2015 Results and Operational Update
CALGARY, ALBERTA--(Marketwired - Nov. 26, 2015) - Striker Exploration Corp. ("Striker" or the "Company") (TSX VENTURE:SKX) is pleased to announce our operating and financial results for the three and nine months ended September 30, 2015 along with an operational update. The related unaudited Condensed Financial Statements and Notes, as well as Management's Discussion and Analysis ("MD&A") are available on Striker's website (www.strikerexp.com) and filed on SEDAR (www.sedar.com). FINANCIAL [Read more]
National Energy Board to publish pipeline inspection reports online
CALGARY - The National Energy Board is making more information about the safety of pipelines it regulates available to the public.Starting immediately, inspection reports are going to be posted on the regulator's website.Chris Loewen, vice-president of operations at the board, says the watchdog does about 150 of those inspections a year.At one time, the NEB was a low-profile agency but it's been registering much higher on the public's radar in recent years amid controversy over new energy [Read more]
Oil Jobs Lost: 250.000 And Counting, Texas Likely To See Massive Layoffs Soon
Crude oil just capped off a third straight week of declines, as WTI nears the $40 per barrel threshold. Goldman Sachs is once again raising the possibility of oil dipping into the $20s per barrel. That spells more pain for the energy sector. Many companies have already slashed spending and culled their payrolls, but the total number of job losses continues to climb. According to Graves & Co., an industry consultant, oil and gas companies have laid off more than 250,000 workers around [Read more]
Minister Carr Meets With Alberta Energy Minister, Energy and Environmental Stakeholders in Calgary
CALGARY, Nov. 25, 2015 /CNW/ - The Honourable Jim Carr, Minister of Natural Resources, today met with Alberta Energy Minister Margaret McCuaig-Boyd and energy and environmental stakeholders in Calgary to discuss economic and environmental issues affecting the oil and gas sector, including lower oil prices, infrastructure development and access to markets. He outlined the Government's commitments to grow the economy and protect the environment while investing in clean technologies to develop [Read more]