CALGARY, ALBERTA--(Marketwired - May 5, 2015) - Arsenal Energy Inc. ("Arsenal" or the "Company") (TSX:AEI) (OTCQX:AEYIF) Arsenal is pleased to release its 2015 Q1 financial and operational results. Cash flow for the first quarter totaled $15.8 million or $0.88 per share, a 28% increase from 2014 Q1. The Board of Directors has declared a quarterly dividend of $0.02 per common share. The dividend is payable on May 29, 2015 to shareholders of record at the close of business on May 15, 2015. The [Read more]
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Keyera Corp. Announces First Quarter 2015 Results
CALGARY, May 5, 2015 /CNW/ - Keyera Corp. (TSX:KEY) announced their 2015 first quarter results today, the highlights of which are included in this news release. The entire press 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 at www.sedar.com. HIGHLIGHTS Keyera delivered strong first quarter financial results with net earnings [Read more]
Baytex Reports Q1 2015 Results
CALGARY, ALBERTA--(Marketwired - May 5, 2015) - Baytex Energy Corp. ("Baytex") (TSX:BTE)(NYSE:BTE) reports its operating and financial results for the three months ended March 31, 2015 (all amounts are in Canadian dollars unless otherwise noted). "The Eagle Ford led our operating results with record production, continued advancement of the multi-zone development potential of our acreage and significant savings in our capital spending program. Corporately, we are focused on initiatives to [Read more]
Lightstream Announces First Quarter Production of 35,179 Boepd and Funds Flow From Operations of $52 Million
CALGARY, ALBERTA--(Marketwired - May 5, 2015) - Lightstream Resources Ltd. (the "Company" or "Lightstream") (TSX:LTS) announces our first quarter financial and operating results. FIRST QUARTER FINANCIAL & OPERATING HIGHLIGHTS First quarter production averaged 35,179 barrels of oil equivalent per day ("boepd") (76% light oil and liquids), a 4% decrease from fourth quarter 2014 production, attributable to our reduced 2015 capital and drilling programs. Funds flow from operations was [Read more]
Bellatrix Exploration Ltd. announces first quarter 2015 financial results
CALGARY, May 5, 2015 /CNW/ - Bellatrix Exploration Ltd. ("Bellatrix" or the "Company") (TSX, NYSE: BXE) announces its financial and operating results for the three months ended March 31, 2015. This press release contains forward-looking statements. Please refer to our cautionary language on forward-looking statements and the other matters set forth at the end of this press release and the beginning of the Management's Discussion and Analysis (the "MD&A") for the three months ended March [Read more]
Seven Generations Energy's First Quarter Cash Flow up 60 Percent
Production increases 141 percent to 48,800 boe/d; drilling and completion costs improving TSX: VII CALGARY, May 4, 2015 /CNW/ - Seven Generations Energy Ltd. (7G or the Company) generated a 60 percent increase in cash flow and a 141 percent increase in production in the first quarter, as compared to the same period of 2014. "Our financial and operating performance during our first full quarter as a public company provides additional testament to how our low-cost production and field [Read more]
Sayonara to Investment Capital If NDP Win
When Ed Stelmach introduced a new Alberta royalty scheme in 2007, capital for resource development promptly took flight. To make matters worse, on the heels of Mr. Stelmach’s decision was the arrival of 2008’s financial crisis. For a time, the Alberta economic picture was bleak. Rachel Notley has made it no secret in her desire to review royalty rates and potentially increase them. And strongly associated with the Alberta NDP is the Alberta Union of Provincial Employees. Like the NDP, they [Read more]
NDP stance on fracking could have crippling implications to Alberta’s oil industry
Over the years, Alberta NDP leader Rachel Notley has made it clear that she is not comfortable with the development of Alberta’s conventional oil and gas industry using hydraulic fracturing technology and the required volumes of water. In the summer of 2012, as the NDP environment critic, she said there are too many questions about the safety and impact (of fracking) on Alberta’s water supply. "If we don't get a better understanding of what's safe for Albertans, we run the risk of doing some [Read more]
Waldron Energy Corporation Announces Agreement to Sell its Ricinus and Strachan Properties for Gross Proceeds of $12.3 Million and Provides Update on Credit Facilities
CALGARY, ALBERTA--(Marketwired - May 4, 2015) - As previously announced on December 2, 2014, Waldron Energy Corporation ("Waldron" or the "Corporation") (TSX:WDN) has engaged Cormark Securities Inc. as its exclusive financial advisor in order to pursue the sale of a material portion of the assets of the Corporation, either in one transaction or in a combination of transactions; a merger or other business combination; the outright sale of the Corporation; or some combination thereof (the [Read more]
A whiff of falsehood: Cow pasture carries evidence debunking Obama KXL claim
BAKER, Mont. - U.S. President Barack Obama's claims about the long-delayed Keystone XL pipeline have been raising eyebrows lately in this tiny oil-industry town in eastern Montana.The locals smell falsehood — evidence of it lies in a cow pasture just outside their town.The scent of untruth emanates from Obama's oft-repeated claim that the pipeline would simply ship Canadian oil, a statement he's made several times while talking down the project's economic benefit for Americans."This is Canadian [Read more]