(All financial figures are approximate and in Canadian dollars unless otherwise noted. This news release refers to earnings before interest, taxes, depreciation and amortization ("EBITDA") which is a financial measure that is not defined by Generally Accepted Accounting Principles ("GAAP"). For more information about EBITDA, see "Non-GAAP Measures" herein.) CALGARY, Dec. 1, 2014 /CNW/ - Pembina Pipeline Corporation ("Pembina" or the "Company") (TSX: PPL; NYSE: PBA) announced that its Board of [Read more]
News
Connacher Undertakes Review of Capital Structure
CALGARY, Dec. 1, 2014 /CNW/ - Connacher Oil and Gas Limited(CLL – TSX; "Connacher" or the "Company") announced today that its Board of Directors has initiated a process to devise and implement a strategy to address Connacher's liquidity and capital structure. In this regard, BMO Capital Markets has been engaged as the Company's financial advisor to assist the Company in this process. Connacher does not intend to make any further announcements in respect of this matter unless and until its Board [Read more]
Palliser Oil & Gas Corporation Reports Q3 2014 Financial and Operating Results and Negotiations on Amalgamation with Maha Ongoing
Calgary, Alberta / ACCESSWIRE / Nov 30, 2014 / Palliser Oil & Gas Corporation ("Palliser" or the "Company") (TSX VENTURE:PXL) wishes to report financial and operating results for the three and nine months ended September 30, 2014. Certain selected financial and operational information is set out below and should be read in conjunction with Palliser's financial statements complete with the notes to the financial statements and related MD&A which is expected to be available at [Read more]
Sunshine Announces The Appointment Of A Non-Executive Chairman, An Executive Vice-Chairman And A Non-Executive Director
Resignation Of A Non-Executive Director CALGARY, Alberta and HONG KONG, Nov. 30, 2014 /CNW/ -- The Board of Directors of Sunshine Oilsands Ltd. (the "Corporation" or "Sunshine") (HKEX: 2012, TSX: SUO) has appointed Mr. Tingan Liu (a director of the Corporation since February 1, 2011 and the deputy chairman and president of China Life Insurance (Overseas) Company Limited) to the position of Non-Executive Chairman of the Corporation, effective immediately. Mr. Michael Hibberd, the previous [Read more]
‘We can do business:’ Prentice to discuss Energy East with Ontario and Quebec
CALGARY - Alberta Premier Jim Prentice is scheduled to meet with his Ontario and Quebec counterparts this week to lobby for support of the Energy East pipeline.A spokeswoman says Prentice is to meet Quebec's Philippe Couillard on Tuesday and Ontario Premier Kathleen Wynne on Wednesday.Both eastern premiers have a list of demands about the proposal. They want contingency plans and emergency response programs in place, consultations with First Nations and consideration of environmental impact and [Read more]
Old Alberta wells that fail standards raise fears; critics seek tougher rules
EDMONTON - New research is raising concern about tens of thousands of dormant Alberta oil wells that don't meet even minimum safety standards.The Alberta Energy Regulator has begun a program that it says will result in all wells meeting those minimums within five years.But critics say those standards amount to little more than a locked gate and a few signs. They want firm timelines to force companies to clean up old well sites — some of which have been sitting unused for decades — before the [Read more]
Artisan Energy Announces Final Closing of Private Placement
CALGARY, ALBERTA--(Marketwired - Nov. 28, 2014) - Artisan Energy Corporation ("Artisan" or the "Corporation") (TSX VENTURE:AEC) is pleased to announce that in connection with its recently completed acquisition of MOGL Corp. and Spur Energy Corp., and in addition to the previously announced initial private placement closing, it has completed the final closing of its non-brokered private placement (the "Private Placement"). Artisan issued 4,400,000 units of Artisan ("Financing Units") at a price [Read more]
Spyglass Resources Corp. Announces Sale of Red Earth Property
CALGARY, ALBERTA--(Marketwired - Nov. 28, 2014) - All values are in Canadian dollars unless otherwise indicated. Conversion of natural gas volumes to barrels of oil equivalent (boe) are at 6:1. Spyglass Resources Corp. ("Spyglass", or the "Company") (TSX:SGL) (OTCQX:SGLRF) announces that it has entered into a purchase and sale agreement to sell its Red Earth assets for $12.3 million (prior to normal closing adjustments). The transaction closed November 28, 2014 and the proceeds will be [Read more]
No simple solutions to revenue shortfall due to falling oil prices: Prentice
CALGARY - Alberta Premier Jim Prentice says there are no simple solutions for the revenue shortfall that will be coming from plummeting oil prices and Albertans will feel the consequences.Prentice told the Calgary Chamber of Commerce on Friday that he expects the price of a barrel of oil to be between US$65 and US$75 for the rest of the year. It closed at US$66.15 a barrel on Friday — down about 10 per cent since Wednesday's close.He said the government is going to have to find a way to cope [Read more]
Oil price plunge a boon for crude-importing Asia, Europe but some negatives loom
A renewed plunge in oil prices is a worrying sign of weakness in the global economy that could shake governments dependent on oil revenues. Yet it is also a bonus for consumers as prices fall at the pump, giving individuals more spending money and lowering costs for many businesses.The latest slide follows OPEC's decision to leave its production target at 30 million barrels a day. Member nations of the cartel are worried they'll lose market share if they lower production.Partly because of the [Read more]