EDMONTON - Alberta's environment minister says the province plans to use the upcoming climate change conference in Peru to discuss a uniform price for carbon across Canada and the rest of the continent."We would like to work with the rest of Canada — and by extension the rest of North America — on trying to establish the consistent, fair price on carbon," Kyle Fawcett told The Canadian Press in an interview before he headed to Lima for the UN-sponsored conference."I know that's not going to be [Read more]
News
Toro Issues Reminder of Expiry of Rights and Provides Update on Share Consolidation
CALGARY, ALBERTA--(Marketwired - Dec. 5, 2014) - Toro Oil & Gas Ltd. (the "Company" or "Toro") (TSX VENTURE:TOO) is providing a reminder that the rights issued by the Company under its rights offering announced on October 28, 2014 expire at 4:00 p.m. (Calgary time) on December 8, 2014. Every six rights will entitle the holder to purchase one common share of the Company at a price of $0.03375 until the rights expire. The rights certificates bear the former name of the Company (Kallisto [Read more]
MEG Energy announces $1.2 billion 2015 capital budget
CALGARY, ALBERTA--(Marketwired - Dec. 4, 2014) - All dollar figures are in $Cdn unless otherwise noted. MEG Energy (TSX:MEG) today provided an update to its 2014 capital program and outlined its 2015 capital investment plan and production guidance. Highlights include: A reduction in planned 2014 capital investment to approximately $1.2 billion from an original budget of $1.8 billion; Planned 2015 capital investment of $1.2 billion that is intended to be internally-funded from 2014 [Read more]
Freehold Royalties Ltd. Announces Strategic Royalty Deals and Corporate Acquisition
CALGARY, ALBERTA--(Marketwired - Dec. 4, 2014) - Freehold Royalties Ltd. ("Freehold" or the "Company") (TSX:FRU) announced it has entered into four separate transactions showcasing the Company's flexibility in enhancing value for shareholders. In the largest transaction, Freehold will acquire all of the issued and outstanding common shares of Anderson Energy Ltd. ("Anderson") after Anderson transfers certain assets out into a newly formed publicly listed company. Assets retained in Anderson upon [Read more]
Anderson Energy Proposes to Reorganize, Complete a $35 Million Non-Dilutive Financing and Further Rationalize Its Shallow Gas Assets
CALGARY, ALBERTA--(Marketwired - Dec. 4, 2014) - Anderson Energy Ltd. ("Anderson" or the "Company") (TSX:AXL) has signed agreements to reorganize its business, which will result in the disposition of predominantly shallow gas assets which produced approximately 510 BOED of production (95% natural gas) in the third quarter of 2014 and the receipt of $35 million in non-dilutive financing. This transaction is being completed under a plan of arrangement and requires both shareholder approval and [Read more]
Kinder Morgan president says policing costs are not company’s responsibility
BURNABY, B.C. - The president of Kinder Morgan says his company isn't responsible for the policing bill related to pipeline protests at a Metro Vancouver conservation site.Burnaby Mayor Derek Corrigan has suggested the energy giant help pay for police who spent over a week blocking demonstrators from Kinder Morgan's surveying site on Burnaby Mountain.But Kinder Morgan Canada president Ian Anderson said during a telephone townhall on Wednesday night that policing costs are a municipal [Read more]
Huntington Announces Proposed Extension of Expiry Date of Certain Outstanding Warrants
CALGARY, ALBERTA--(Marketwired - Dec. 4, 2014) - Huntington Exploration Inc. ("Huntington" or the "Company") (TSX VENTURE:HEI) announced today that it intends to extended the expiry date of the 9,750,000 common share purchase warrants originally issued on December 31, 2012, subject to TSX Venture Exchange approval. The Corporation intends to extended the expiry date of all such warrants until December 31, 2017. The application for the extension of the term of the warrants has been submitted to [Read more]
Discussion on the Energy East pipeline proposal ‘good news’: premier
REGINA - Saskatchewan's premier says the latest interprovincial discussion on the Energy East pipeline proposal is "very good news" for the $12-billion project.Ontario's concerns about the potential environmental impact of the pipeline narrowed considerably Wednesday following a meeting between Premier Kathleen Wynne and Alberta counterpart Jim Prentice.Ontario and Quebec had set out seven principles for the project, which would carry western crude to refineries in Eastern Canada.Premier Brad [Read more]
RedWater Announces Financial and Operating Results for the Three and Nine Months Ended September 30, 2014
OKOTOKS, ALBERTA--(Marketwired - Dec. 4, 2014) - RedWater Energy Corp. ("RedWater") (TSX VENTURE:RED) is pleased to report financial and operating results for the three and nine month periods ended September 30, 2014. RedWater's interim condensed financial statements and related management's discussion and analysis for the three and nine months ended September 30, 2014 have been filed and are available on the SEDAR website at www.sedar.com and may also be obtained on RedWater's website at [Read more]
Republican Gov. Chris Christie heads to Calgary to talk energy, Keystone
CALGARY - New Jersey's governor says delaying the Keystone XL pipeline sends a bad message to investors, stunts the growth of the Canadian oilsands industry and is no way to treat a key ally of the United States.One of the Republican party's top prospects for a run at the White House in 2016, Gov. Chris Christie travelled to Calgary on Thursday to back the controversial TransCanada (TSX:TRP) pipeline from Alberta's oilsands to the Gulf Coast and pan the time it is taking Washington to make a [Read more]