CALGARY, April 10, 2015 /CNW/ - Pembina Pipeline Corporation ("Pembina" or "the Company") (TSX: PPL; NYSE: PBA) is pleased to announce that it has closed its previously announced public offering of cumulative redeemable rate reset class A preferred shares, Series 9 (the "Series 9 Preferred Shares") for aggregate gross proceeds of $225 million (the "Offering"). The Offering was announced on March 31, 2015 when Pembina entered into an agreement with a syndicate of underwriters co-led by [Read more]
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Shoreline Energy Corp. Files for Creditor Protection Under the CCAA
CALGARY, ALBERTA--(Marketwired - April 9, 2015) - Shoreline Energy Corp. (TSX:SEQ) ("Shoreline" or the "Company") announces today that it has applied for creditor protection under the Companies' Creditors Arrangement Act (Canada) (the "CCAA") pursuant to an application made on April 9, 2015 to the Court of Queen's Bench of Alberta, Judicial Centre of Calgary (the "Court"). The CCAA filing follows a review of Shoreline's strategic alternatives by its Board of Directors. Details of the CCAA [Read more]
Scotiabank CEO calls for end to bickering, indecision over energy infrastructure
Scotiabank's chief executive is calling on Canadian leaders to end the "inter-provincial bickering" and "political indecision" that is delaying several energy infrastructure projects.Brian Porter told shareholders at Scotiabank's (TSX:BNS) annual meeting that it should be a national priority to improve Canadian access to global energy markets."It is clear our inability to deliver energy to the world is detrimental to Canada's economy," Porter said in a speech in Ottawa on Thursday."It's also [Read more]
Questfire Energy Corp. Announces 2014 Financial Results and Files Its Annual Information Form
CALGARY, ALBERTA--(Marketwired - April 9, 2015) - Questfire Energy Corp. (the "Corporation" or "Questfire") (TSX VENTURE:Q.A)(TSX VENTURE:Q.B) is pleased to announce that it has filed on SEDAR its audited financial statements, related management's discussion and analysis (MD&A) and Annual Information Form (AIF) for the year ended December 31, 2014. Included in the AIF are the Corporation's reserves data and other oil and gas information as of December 31, 2014 as prepared by GLJ Petroleum [Read more]
Canamax Announces Financial and Operating Results for the Four and Ten-Month Periods Ended December 31, 2014
CALGARY, AB--(Marketwired - April 09, 2015) - Canamax Energy Ltd. ("Canamax" or the "Company") (TSX VENTURE: CAC) is pleased to announce the Company's financial and operational results for the fiscal period ended December 31, 2014. Highlights -- ten-month period ended December 31, 2014 Canamax continued to execute its aggressive growth plan during 2014 after re-focusing operations to western Canada (and out of Colombia, South America) during the fall of 2013. Canamax has grown production [Read more]
Blackbird Energy Announces Further Strategic Montney Land Aggregation
CALGARY, ALBERTA--(Marketwired - April 9, 2015) - (TSX VENTURE:BBI) Blackbird Energy Inc. ("Blackbird") is pleased to announce that it has acquired a 100% working interest in twelve additional sections (7,680 net acres) of Elmworth Montney rights (the "Acquisition"). The Acquisition represents a 17% increase in the Company's Elmworth Montney land position. With the completion of the Acquisition, Blackbird now holds a 100% working interest in 81 sections (51,840 net acres) at the Company's core [Read more]
Top 12 Media Myths On Oil Prices
The upstream oil and gas industry is not a black hole. There's no mystery wrapped in an enigma here. There are a lot of meetings with engineers, chemists and geologists. There's a constantly evolving learning curve. And then there's all the regulations and compliance. But all-in-all it's pretty straight forward, that is, until the media gets a hold of it. That's when it becomes complicated. It's as though we are getting reports from the mysteries of the deep ocean or life in the great [Read more]
Apache agrees to sell Australian operations to private equity funds for $2.1 billion in cash
HOUSTON - Apache Corp. says it is selling its Australian oil exploration and production subsidiary for $2.1 billion in cash.The Houston-based company said Wednesday that a consortium of private equity funds managed by Macquarie Capital Group Ltd. and Brookfield Asset Management Inc. agreed to buy Apache Energy Ltd.The assets of Apache Energy Ltd. and its subsidiaries averaged production of roughly 49,000 barrels of oil equivalent per day in March.The transaction is expected to close by [Read more]
Waldron Energy Corporation Announces Notification of TSX Continued Listing Review
CALGARY, ALBERTA--(Marketwired - April 8, 2015) - Waldron Energy Corporation ("Waldron" or the "Corporation") (TSX:WDN) announces that it has received notice that the Toronto Stock Exchange (the "TSX") is reviewing the eligibility for continued listing on the TSX of the securities of the Corporation pursuant to Part VII of the TSX Company Manual. The Corporation has been granted 60 days in which to demonstrate compliance with the continued listing requirements (the "Listing Requirements") of the [Read more]
NuVista Energy Ltd. Announces Upsize of Previously Announced Bought Deal Financing
CALGARY, ALBERTA--(Marketwired - April 8, 2015) - NuVista Energy Ltd. ("NuVista") (or the "Company") (TSX:NVA) is pleased to announce that in connection with its previously announced bought deal offering of common shares ("Common Shares") and placement of common shares, issued on a "flow-through basis" in respect of Canadian development expense ("Flow-Through Common Shares"), the Company and the syndicate of underwriters led by RBC Capital Markets and Peters & Co. Limited, have agreed to [Read more]