VANCOUVER, BRITISH COLUMBIA--(Marketwired - Oct. 27, 2015) - Dejour Energy Inc. (TSX:DEJ)(NYSE MKT:DEJ) ("Dejour" or "the Company"), an independent oil and gas exploration and production company operating in North America's Piceance Basin and Peace River Arch regions, today announced that its name has changed to DXI Energy Inc. It is anticipated the Company's shares will commence trading on the Toronto Stock Exchange and the NYSE MKT under the new name and ticker symbol "DXI" upon the opening of [Read more]
News
TransCanada gets final regulatory approval for Prince Rupert gas pipeline
CALGARY - TransCanada Corp. says it has received final regulatory approval for a natural gas pipeline that will connect northeastern British Columbia's natural gas fields to the west coast.The company said Tuesday that the B.C. Oil and Gas Commission has issued 11 pipeline and facility permits that clear regulatory hurdles for construction to start on the $5-billion pipeline.The pipeline approval includes 70 conditions related to First Nations, the environment, conservation, engineering and [Read more]
First Nation asks court to stop National Energy Board’s review of Trans Mountain
VANCOUVER - A First Nation in North Vancouver has mounted a legal challenge that it says could send the Trans Mountain pipeline expansion "back to the drawing board" if successful.Lawyers for the Tsleil-Waututh Nation are asking the Federal Court of Appeal to stop the National Energy Board's review of the $5.4-billion project, which they say began without their client being consulted by the federal government."What we've asked the court to do is to recognize the flaws in the starting of the [Read more]
Blackbird Energy Inc. Provides Operations Update
CALGARY, ALBERTA--(Marketwired - Oct. 27, 2015) - Blackbird Energy Inc. (TSX VENTURE:BBI) ("Blackbird" or the "Company") is pleased to provide an operational update regarding its drilling program at Elmworth. Drilling Program Blackbird is pleased to announce that it has successfully drilled, logged and cased it's third 100% working interest well at Elmworth, located at 2-20-70-7W6 (the "2-20" well). The 2-20 well drill program included the drilling of a vertical pilot [Read more]
Enerplus cuts 10% of Calgary staff
Enerplus Corp. announced on Monday that the company is laying off roughly 10 % of its 700 staff. This comes as Canada's oil-patch battles a lengthy decline in crude oil prices. As was recently reported in the Financial Post, "the approximate 70 job losses are mainly at the company’s head office in Calgary, according to Drew Mair, manager of investor relations, noting that the current economic environment and lower commodity prices has forced the industry to look for operational and cost [Read more]
Alberta finance minister Ceci holds up dad’s old workboots as symbol of budget
EDMONTON - Premier Rachel Notley faced pointed questions on credit risk Monday, a day ahead of a budget that is expected to propel Alberta's debt levels even higher to pay for infrastructure projects.Wildrose Leader Brian Jean, citing recent comments from the DBRS rating agency, credit raters may have to revisit Alberta's top-shelf AAA rating if debt approaches 15 per cent of Alberta's gross domestic product."A lowering of the rating will increase the interest we have to pay on debt," Jean told [Read more]
Canamax Announces Successful Fall Drilling Program, Expanded Capital Program and Operations Update
CALGARY, AB--(Marketwired - October 26, 2015) - Canamax Energy Ltd. ("Canamax" or the "Company") (TSX VENTURE: CAC) is pleased to announce the results from its recent drilling program at its Greater Grimshaw area. This area encompasses properties at Flood Lake, Grimshaw and Grande Prairie.In its Flood Lake property, the Company successfully drilled and completed one horizontal and six vertical wells and re-entered and completed a previously unstimulated horizontal well. The newly drilled [Read more]
Alberta promises to reset economic game plan despite deep red-ink budget
EDMONTON - Alberta's NDP government is set to reset the economic game plan Tuesday, choosing from a menu of unpalatable alternatives brought on by a core economy deep in the dumper of low oil prices"We've got a budget billions of dollars (in) the hole," Finance Minister Joe Ceci said in an interview."We have a fiscal structural problem in this province that needs to be repaired and we're starting to take steps to do that."The budget is the centrepiece of a fall legislature session that begins [Read more]
Oilpatch firms in for an ugly third quarter as crude doldrums linger
CALGARY - A bevy of oilsands producers are on deck to report their quarterly earnings over the next few weeks — and industry watchers are under no illusion they'll be pretty.It's been about a year since the price of oil started its nosedive to below US$50 a barrel, and crude has been camping out at that level for months. Few are optimistic that crude will return to triple digits any time soon.Investors are well aware they're in for a "fairly awful" quarter, said John Kim, a portfolio manager at [Read more]
The Liberal win and the lure of empty symbolism
A protracted election campaign now over, Prime Minister-designate Trudeau's government is now in its honeymoon phase. Oddly enough, many people who admit that they did not truly support Mr. Trudeau nevertheless feel they are now in a position to demand special concessions. That their stories have any traction whatsoever can probably be blamed on the nature of politics. After all, they make great theater. There is of course the open letter from "an average west coast, middle class mom [Read more]