CALGARY - If energy companies are skittish about investing in Alberta, they're welcome to set up shop next door, Saskatchewan's economy minister said Wednesday.Bill Boyd said he's been watching the political debate in neighbouring Alberta over the newly elected NDP government's plans to review oil and gas royalties.Boyd said he's been hearing "a fair bit of concern" from companies at the Global Petroleum Show, a massive exhibition in Calgary this week with some 50,000 attendees from around the [Read more]
News
Storm Resources Ltd. Announces Closing of $36.4 Million Bought Deal Financing
CALGARY, ALBERTA--(Marketwired - June 10, 2015) - STORM RESOURCES LTD. ("Storm") (TSX VENTURE:SRX) is pleased to announce that it has completed its previously announced bought deal financing, pursuant to which, Storm, through a syndicate of underwriters led by FirstEnergy Capital Corp. and including GMP Securities L.P., RBC Capital Markets, Peters & Co. Limited, National Bank Financial Inc. and Raymond James Ltd., issued 8,000,000 common shares of Storm ("Common Shares") at a [Read more]
Tamarack Valley Energy Ltd. Announces Exercise of Over-Allotment Option by Underwriters
CALGARY, ALBERTA--(Marketwired - June 10, 2015) - Tamarack Valley Energy Ltd. (TSX VENTURE:TVE)("Tamarack" or the "Company") is pleased to announce that it has closed the full amount of the over-allotment option on its previously announced bought-deal financing (the "Offering") with a syndicate of underwriters co-led by National Bank Financial Inc. and Dundee Securities Ltd., and including GMP Securities L.P., Macquarie Capital Markets Canada Ltd., Peters & Co. Limited, RBC [Read more]
Enerplus Continues Strong Operational Performance – Updates 2015 Production and Capital Spending Guidance
This news release includes forward-looking statements and information within the meaning of applicable securities laws. Readers are advised to review the "Forward-Looking Information and Statements" at the conclusion of this news release. CALGARY, June 10, 2015 /CNW/ - Enerplus Corporation ("Enerplus") (TSX: ERF) (NYSE: ERF) is announcing an increase to its production guidance and capital spending in 2015. Year to date, we have been producing at the high end of our guidance range while [Read more]
Keyera Appoints New Member to Board of Directors
CALGARY, June 9, 2015 /CNW/ - Keyera Corp. (TSX:KEY) ("Keyera") is pleased to announce the appointment of Ms. Janet Woodruff to its Board of Directors effective immediately. Ms. Woodruff has over 30 years of experience in the energy and transportation sectors. Most recently, she served as acting Chief Executive Officer of Transportation Investment Corporation, a B.C. Crown Corporation, and prior to that was Vice President and Special Advisor at B.C. Hydro. Ms. Woodruff has also held senior [Read more]
Saturn Minerals Updates Bannock Creek Drilling, Completes Financing
VANCOUVER, BRITISH COLUMBIA--(Marketwired - June 9, 2015) - Saturn Minerals Inc. (TSX VENTURE:SMI)(FRANKFURT:SMK) ("Saturn" or the "Company") announces an update on the results from its operated 9-5 Bannock Creek exploration well in northeast Saskatchewan. As described in the Company's news release dated May 19, 2015 Saturn has now completed a technical review of the 9-5 well with its technical group and drilling consultants. The initial 9-5 borehole encountered formations that lead to [Read more]
National Energy Board chair to make safety inspection reports public
VANCOUVER - The chairman of the National Energy Board is vowing to make pipeline inspection reports public in his latest effort to increase transparency at the embattled regulator.Peter Watson said the reports will be published online beginning in September, in order to inform the public that the board continues to monitor pipelines even after they are built."If a project is constructed like the existing Trans Mountain line, we have all these responsibilities to ensure its safety on an ongoing [Read more]
Low World Oil Prices to Slow Growth of Canadian Oil Production
CALGARY, ALBERTA--(Marketwired - June 9, 2015) - The sharp drop in world oil prices over the past year is slowing the growth of Canadian oil production over the next two decades, the Canadian Association of Petroleum Producers announced today in its 2015 Crude Oil Forecast, Markets and Transportation report. CAPP estimates production of Canadian oil will increase 43 per cent over 16 years, growing to 5.3 million barrels per day by 2030, up from 3.7 million barrels per day in 2014. Increased [Read more]
Husky Energy Announces $150 Million Preferred Share Offering
CALGARY, ALBERTA--(Marketwired - June 9, 2015) - Husky Energy (TSX:HSE) has agreed to issue to a syndicate of underwriters led by RBC Capital Markets, BMO Capital Markets and Scotia Capital Inc. for distribution to the public 6,000,000 Cumulative Redeemable Preferred Shares, Series 7 (the "Series 7 Shares"). The Series 7 Shares will be issued at a price of $25.00 per Series 7 Share, for aggregate gross proceeds of $150 million. Holders of the Series 7 Shares will be entitled to receive a [Read more]
ARC Financial raises $1.5 billion for 8th Canadian Energy Fund
CALGARY, June 8, 2015 /CNW/ - Canada's leading energy-focused private equity manager, ARC Financial Corp., today announced that it has closed ARC Energy Fund 8 with $1.5 Billion of institutional capital. The fund was oversubscribed with the majority of the capital coming from investors in ARC's earlier funds. ARC's investment strategy remains consistent with prior funds with an exclusive focus on Canadian growth exploration and production and oilfield service companies. Founded in 1989, and [Read more]