Considering the strained nerves that accompany protracted election seasons, concerned Albertans can be forgiven for looking to the looming October 19th election with resigned complacency. After all, the biggest political threat to the province's well-being appears to have passed. Policy miscalculations in eastern Canada have left the federal NDP lagging a distant third according to the latest Grenier seat projection. Canada will likely not see a repeat of the so-called orange crush that swept [Read more]
News
RMP Energy Provides Third Quarter Production and Operations Update
CALGARY, ALBERTA--(Marketwired - Oct. 14, 2015) - RMP Energy Inc. ("RMP" or the "Company") (TSX:RMP) is pleased to provide a production and operations update. Third Quarter 2015 Production For the third quarter of 2015, RMP's average daily production was approximately 11,000 boe/d (weighted 47% light oil and NGLs). As previously disclosed, the Company's third quarter production was impacted by: i) a shutdown of the Alliance pipeline system on August 7, 2015, resulting in the [Read more]
Alberta climate panel has some reading to do with hundreds of policy submissions
CALGARY - Alberta's climate change advisory panel asked — and energy companies, trade associations, unions, think tanks and every-day Albertans answered.The panel received close to 500 submissions following their request for public comment on what the government should consider when drafting its climate change policy. Everyone from climate-change skeptics to diehard greens represented.Suggestions from those in favour of stronger action on climate change included switching all traffic lights to [Read more]
Enbridge Income Fund Holdings Inc. Announces $700 Million Common Share Offering
CALGARY, ALBERTA--(Marketwired - Oct. 13, 2015) - Enbridge Income Fund Holdings Inc. (the "Company") (TSX:ENF) today announced that it has entered into an agreement with a syndicate of underwriters led by TD Securities Inc., Scotiabank and RBC Capital Markets for the purchase and distribution to the public of 21,475,000 common shares ("Common Shares") at a price of $32.60 per Common Share (the "Offering Price") for gross proceeds of $700,085,000. The underwriters were also granted an [Read more]
Traverse Energy Ltd. Announces Private Placement Financing
CALGARY, ALBERTA--(Marketwired - Oct. 13, 2015) - Traverse Energy Ltd. (the "Corporation") (TSX VENTURE:TVL) intends to complete a non-brokered private placement (the "Private Placement") of up to of 1,000,000 common shares of the Corporation ("Shares") to be issued on a "flow through" basis eligible for the renunciation of Canadian development expenses within the meaning of the Income Tax Act (Canada) at $0.60 per Share for total gross proceeds of $600,000. Completion of the Private [Read more]
Platts Survey: OPEC Pumps 31.2 Million Barrels of Crude Oil Per Day in September
LONDON, Oct. 13, 2015 /PRNewswire/ -- Oil production from the Organization of the Petroleum Exporting Countries (OPEC) totaled 31.2 million barrels per day (b/d) in September, down 60,000 b/d from August as Saudi Arabia further reined in supply, according to a just-released Platts survey of OPEC and oil industry officials and analysts. "Given the Saudi oil minister's comments last week and OPEC's expectations of more balanced oil market fundamentals in the second half of next year, all the [Read more]
China To Continue Expanding Its Influence In The Oil And Gas Sector
Since 2009, China has been taking a much more active role in its pursuit of international oil contracts. In 2009, for the first time, Saudi Arabia exported more of its oil to China than it did to the U.S. China also made large investments in Saudi Arabia's oil refining industry as well. But China's oil investments didn't stop there; they also pursued oil producing Canadian assets in 2011-12. When it comes to Chinese energy industry, there are three major state owned companies. One is called [Read more]
ORLEN Upstream Canada Ltd. to Acquire Kicking Horse Energy Inc.
CALGARY, AB--(Marketwired - October 13, 2015) - ORLEN Upstream Canada Ltd. ("ORLEN Upstream Canada"), a wholly owned subsidiary of PKN ORLEN S.A. ("PKN ORLEN") (WSE: PKN), and Kicking Horse Energy Inc. ("Kicking Horse") (TSX VENTURE: KCK) announced today that they have entered into a definitive agreement (the "Arrangement Agreement") pursuant to which ORLEN Upstream Canada will acquire all of the outstanding common shares of Kicking Horse for C$4.75 per share in cash. The transaction is to be [Read more]
3MV Energy Announces the Issuance of Shares
CALGARY, Oct. 9, 2015 /CNW/ - 3MV Energy Corp. ("3MV" or the "Company") (TSXV: TMV) is pleased to announce that it has issued 814,032 shares of the Company to Audax Investments Ltd ("Audax") in relation to interest payable quarterly on the $2,000,000 secured draw down facility term loan. The debt facility bears interest at eight percent (8%) per annum, calculated and payable quarterly at the greater of the volume weighted average market price of the shares of 3MV on the five trading days [Read more]
Kicking Horse Energy Inc. Announces Court Approval of Settlement of Class Action Proceedings
CALGARY, AB--(Marketwired - October 09, 2015) - Kicking Horse Energy Inc. (the "Company") (TSX VENTURE: KCK) is pleased to announce that the Alberta Court of Queen's Bench has approved the settlement of the class action proceedings involving the Company and a number of other parties, the details of which are set out in the Company's news release dated July 10, 2015 and available on the Company's profile at www.sedar.com. About Kicking Horse Energy Inc. Kicking Horse Energy Inc. is a public [Read more]