CALGARY, ALBERTA--(Marketwired - Aug. 6, 2015) - Crew Energy Inc. (TSX:CR) of Calgary, Alberta ("Crew" or the "Company") is pleased to announce our operating and financial results for the three and six month period ended June 30, 2015. Our Financial Statements and Notes, as well as Management's Discussion and Analysis ("MD&A") for the three and six month period ended June 30, 2015 are available on Crew's website and filed on SEDAR. Q2 HIGHLIGHTS [Read more]
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Inter Pipeline Announces Record Second Quarter 2015 Financial Results
CALGARY, ALBERTA--(Marketwired - Aug. 6, 2015) - Inter Pipeline Ltd. ("Inter Pipeline") (TSX:IPL) announced today record financial results for the three and six month periods ended June 30, 2015. Second Quarter Highlights Generated record funds from operations* of $181 million, or $0.54 per share, a 38 percent increase over the second quarter of 2014 Declared record cash dividends of $123 million or $0.3675 per share Attractive quarterly payout ratio* of 72 percent Total pipeline [Read more]
Apache Corporation announces second-quarter financial and operational results
HOUSTON, Aug. 6, 2015 /PRNewswire/ -- Apache Corporation (NYSE, Nasdaq: APA) today announced a second-quarter 2015 net loss of $5.6 billion, or $14.83 per diluted common share, which includes an after-tax ceiling-test write down of $3.7 billion resulting from current low commodity-price levels and $1.9 billion of other items, mostly after-tax losses and tax expense associated with the company's assets sold during the quarter. When adjusted for certain items that impact the comparability of [Read more]
Canadian Natural posts $405-million net loss on higher tax rate, lower revenue
CALGARY - Canadian Natural Resources is warning that Alberta's corporate tax hike will hit employment, though both company executives and Premier Rachel Notley agree the steep drop in crude prices is a much bigger challenge.The Calgary-based oil and gas giant posted a net loss of $405 million during the second quarter, mostly because of a $579-million charge related to the higher tax rate.All things being equal, the higher tax tab means $579 million less will be invested over the lifespan of [Read more]
Canadian Natural Resources Limited Announces 2015 Second Quarter Results
CALGARY, ALBERTA--(Marketwired - Aug. 6, 2015) - Canadian Natural Resources Limited (TSX:CNQ) (NYSE:CNQ) Commenting on second quarter results, Steve Laut, President of Canadian Natural stated, "Canadian Natural is in a strong position. Our strong, diverse and well balanced asset base, and the effectiveness of our strategies, combined with our ability to execute these strategies, allows us to react quickly in this challenging commodity price environment. In the second quarter, we delivered [Read more]
Surge Energy Inc. announces second quarter results; Continued drilling success; Long term infrastructure solutions at Valhalla; And share buy back
CALGARY, Aug. 5, 2015 /CNW/ - Surge Energy Inc. ("Surge" or the "Company") (TSX: SGY) announces its operating and financial results for the quarter ended June 30, 2015, continued drilling success on its Upper Shaunavon crude oil discovery in SW Saskatchewan, and at Valhalla in NW Alberta; two new long term infrastructure solutions at Valhalla; and a share buy back. FINANCIAL AND OPERATING SUMMARY ($000s except per share [Read more]
Paramount Resources Ltd. Announces Second Quarter 2015 Results; Sales Volumes Increase 107% to 42,604 Boe/d; Liquids Sales Volumes Increase 320% to 16,877 Bbl/d
CALGARY, ALBERTA--(Marketwired - Aug. 6, 2015) - Paramount Resources Ltd. (TSX:POU) OIL AND GAS OPERATIONS Second quarter 2015 sales volumes were 42,604 Boe/d, 107 percent higher than the second quarter of 2014, despite transportation curtailments and processing facility outages in May and June. Sales volumes averaged approximately 50,000 Boe/d in July 2015 as production increased following the easing of downstream disruptions. Second quarter 2015 liquids sales volumes totaled 16,877 [Read more]
Could WTI Trade At A Premium To Brent By Next Year?
A flood of bearish news has pushed down oil prices to their lowest levels in months, with WTI nearing $45 per barrel and Brent flirting with sub-$50 territory. With a bear market back, there is pessimism throughout the oil markets. Goldman Sachs is even predicting oil stays at $50 through 2020, a profoundly grim view of the state of oil supplies. On the other hand, the contraction in U.S. shale is underway, so it is just a matter of time before the mismatch between supply and demand [Read more]
Lightstream Announces Second Quarter Production of 31,966 Boepd, Funds Flow from Operations of $67 Million and Guidance Update
CALGARY, ALBERTA--(Marketwired - Aug. 5, 2015) - Lightstream Resources Ltd. (the "Company" or "Lightstream") (TSX:LTS) announces our second quarter financial and operating results. SECOND QUARTER FINANCIAL & OPERATING HIGHLIGHTS Second quarter production averaged 31,966 barrels of oil equivalent per day ("boepd") (72% light oil and liquids), a 9% decrease from first quarter 2015 production due to a reduced capital program, higher downtime associated with third party facility maintenance [Read more]
Keyera Corp. Announces Second Quarter 2015 Results
CALGARY, Aug. 5, 2015 /CNW/ - Keyera Corp. (TSX:KEY) announced their 2015 second quarter results today, the highlights of which are included in this news release. The entire news release can be viewed by visiting Keyera's website at www.keyera.com or, to view the MD&A and financial statements, visit either Keyera's website or the System for Electronic Document Analysis and Retrieval atwww.sedar.com. HIGHLIGHTS Keyera continued to deliver strong results in the second quarter of 2015 [Read more]