CALGARY, March 31, 2015 /CNW/ - Keyera Corp. (TSX:KEY) ("Keyera") today announced a 50-50 joint venture with Kinder Morgan, Inc. (NYSE:KMI) ("Kinder Morgan") to build the Base Line Terminal (the "Terminal"), an above ground crude oil storage terminal near Edmonton, Alberta. The project is underpinned by several take-or-pay agreements ranging up to 10 years in length with creditworthy customers. Based on current capital estimates, Keyera's share of costs to construct the Terminal is estimated to [Read more]
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Blackbird Energy Inc. Announces Executive Changes and the Release of Q2 2015 Financial and Operating Results
CALGARY, ALBERTA--(Marketwired - March 31, 2015) - Blackbird Energy Inc. (TSX VENTURE:BBI) ("Blackbird" or the "Company") is very pleased to announce that Mr. Don Noakes has joined Blackbird as Vice President, Operations. The Company also announces that Blackbird's former Chief Operating Officer, Mr. Darrell Denney, is no longer an officer or employee of the Company. Mr. Noakes is a Professional Engineer that brings over 30 years of operational oil and gas experience focused on drilling, [Read more]
Credit counselling in high demand in Alberta as oilpatch downturn hits home
CALGARY - The Racette family is on a cash-only diet for the next four years.Dale Racette, a truck driver, and his wife, a school bus driver, are trying to dig themselves out of a $45,000 hole.It wasn't any one thing. The day-to-day costs of raising two children just piled up over 14 years, Dale Racette said from Red Deer, Alta.Two months ago, the Racettes sought the help of a credit counsellor to work out a debt repayment plan. The first step was to shred their six credit cards.Racette says he's [Read more]
ATB Financial says province’s economy slowing significantly, job losses likely
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]
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]