CALGARY - The chief economist of Alberta’s Crown-owned financial institution says the province's economy is slowing significantly due to slumping oil prices.Todd Hirsch of ATB Financial says that will likely mean job losses and curtailed investment in the energy sector.He says housing starts remain stable, but the residential real estate market is soft, which suggests construction activity will cool.Hirsch says people are still moving to Alberta, but in lower numbers.He says the biggest change [Read more]
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Pembina Pipeline Corporation Launches $200 Million Bought Deal Preferred Share Offering
CALGARY, March 31, 2015 /CNW/ - Pembina Pipeline Corporation ("Pembina" or "the Company") (TSX: PPL; NYSE: PBA) is pleased to announce that it has entered into an agreement with a syndicate of underwriters co-led by Scotiabank and RBC Capital Markets (together, the "Underwriters") pursuant to which the Underwriters have agreed to purchase from Pembina 8,000,000 cumulative redeemable rate reset class A preferred shares, Series 9 (the "Series 9 Preferred Shares") at a price of $25.00 per share for [Read more]
Scotiabank Commodity Price Index Rallies in February as Oil and Gas Index Rebounds
TORONTO, ON--(Marketwired - March 31, 2015) - Scotiabank's Commodity Price Index rallied by 2.4% month-over-month (m/m) in February, after falling in January to the lowest level since early 2007. The Oil and Gas Index rebounded in February, with Alberta light and heavy crude oil prices boosted by a temporary rally in West Texas Intermediate. "The market is skeptical that the sharp drop in U.S. oil-targeted drilling activity (-45.3% year-over-year (yr/yr) as of March 27) will curb U.S. output [Read more]
Canada Energy Partners Announces New Strategic Initiative and Private Placement
VANCOUVER, BRITISH COLUMBIA--(Marketwired - March 31, 2015) - Canada Energy Partners Inc. (TSX VENTURE:CE) (the "Company") is pleased to announce a new strategic initiative for the Company. New Strategic Initiative For three years, the Company has been researching and designing a cavitation tool that can excavate cavities in subsurface coal seams for the dual purpose of producing commercial quantities of coal via a wellbore and stimulating the production of natural gas from coal seams. [Read more]
Saturn Minerals Inc. Completes Seismic Program at Little Swan Saskatchewan Oil & Gas Property
VANCOUVER, BRITISH COLUMBIA--(Marketwired - March 31, 2015) - Saturn Minerals Inc. (TSX VENTURE:SMI)(FRANKFURT:SMK) ("Saturn" or the "Company") is pleased to announce the completion of its third 2D seismic program over Petroleum Exploration Permit 71 (the "Little Swan Property") consisting of 102,758 Hectares in the northern Williston Basin in eastern Saskatchewan. The seismic program was designed to evaluate the deeper Ordovician-Cambrian targets originally identified as having hydrocarbon [Read more]
High North Resources Ltd. Amends Its Proposal to Debentureholders
CALGARY, ALBERTA--(Marketwired - March 30, 2015) - High North Resources Ltd. (TSX VENTURE:HN) (the "Company" or "High North") has amended the terms of its proposal to holders (the "Debentureholders") of debentures (the "Debentures") expiring April 4, 2015 (the "Maturity Date"), previously announced in its press release of March 13, 2015 (the "Press Release"). The revised proposal to amend (the "Revised Indenture Amendments") the convertible debenture indenture entered into between High North and [Read more]
Connacher Announces Voting Results from Shareholders' and Noteholders' Meetings
CALGARY, March 30, 2015 /CNW/ - Connacher Oil and Gas Limited (CLL – TSX; "Connacher" or the "Company") is pleased to announce the voting results for the shareholders' and noteholders' meetings. Shareholders and noteholders voted overwhelmingly in support of all matters related to the previously announced proposed recapitalization transaction (the "Recapitalization"). Shareholders were asked to approve the continuance resolution, the plan of arrangement and other annual meeting matters. The [Read more]
Petrus Resources Ltd. Announces Fourth Quarter and Annual 2014 Results, Setting New Records for Production, Cash Flow and Reserves
CALGARY, ALBERTA--(Marketwired - March 30, 2015) - Petrus Resources Ltd. ("Petrus" or the "Company") is pleased to report operating and financial results for the fourth quarter and the 2014 fiscal year, in which the Company set new records for production, cash flow and reserves. Petrus began 2014, its third full year of operations, with production of 4,052 boe per day (46% oil and liquids) and exited the year at a record 11,200 boe per day (46% oil and liquids), nearly a three-fold increase. [Read more]
Waldron Energy Corporation Announces 2014 Year End Results, 2014 Year End Reserves and Operations Update
CALGARY, ALBERTA--(Marketwired - March 27, 2015) - Waldron Energy Corporation ("Waldron" or the "Corporation") (TSX:WDN) is pleased to announce its financial and operational results for the year and three months ended December 31, 2014. The Corporation's audited year-end financial statements and Annual Information Form ("AIF") including a statement on reserves data and other information specified in NI 51-101 are available for review at www.sedar.com and on the Corporation's website at [Read more]
LGX Oil + Gas Inc. announces executive changes
CALGARY, March 27, 2015 /CNW/ - LGX Oil + Gas Inc. ("LGX" or the "Company") (TSXV: OIL) announces that Curt Ziemer has been appointed Vice-President, Finance and Chief Financial Officer of the Company effective today and that Matt Janisch, who previously held that role, is no longer an officer of the Company. Mr. Ziemer has been responsible for all accounting and financial reporting functions of LGX since 2012, most recently as Vice-President, Accounting. The Board would like to thank Mr. [Read more]