REGINA - Saskatchewan's legislature passed a motion Wednesday calling for the removal of what Premier Brad Wall calls unnecessary barriers to the Energy East pipeline project."We just wanted to make the point in the legislature that this is Canadian oil replacing foreign oil," he said. "Even though we are one of the most prolific producers of oil in the world, parts of our country import oil from Iraq, Algeria, Saudi Arabia, Venezuela, the United States. This doesn't make a lot of sense."The [Read more]
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Saudi Oil Minister Naimi suggests OPEC does not need to cut output in effort to drive up price
VIENNA - Top OPEC producer Saudi Arabia suggested Wednesday there is no need for the cartel to cut its output ceiling despite a plunge in prices that has poorer members of the organization hurting.Saudi Oil Minister Ali Naimi told reporters he expects the oil market to eventually "stabilize itself." That suggests the Saudis, who effectively determine OPEC's production policy, will not back any calls for reducing output by other nations at Thursday's oil ministers' meeting.The global price of oil [Read more]
TransCanada cuts ties with U.S. public relations firm over campaign concerns
A Canadian pipeline company will no longer work with a controversial U.S. public relations firm on the Energy East proposal after leaked documents raised concerns about suggested tactics. TransCanada (TSX:TRP) has cut ties with the multinational firm Edelman on the campaign to build support for a plan to bring Alberta's oilsands crude to eastern refineries after it recommended secretly using third parties to attack the pipeline's opponents.The tactics were contained in documents leaked to the [Read more]
Elkwater Resources Ltd. Announces Filing of Final Short Form Prospectus Qualifying Distribution of Common Shares and Warrants
CALGARY, ALBERTA--(Marketwired - Nov. 26, 2014) - Elkwater Resources Ltd. (TSX VENTURE:ELW) ("Elkwater" or the "Company") is pleased to announce that it has obtained the final receipt (the "Final Receipt") for the (final) short form prospectus filed in the provinces of Alberta, British Columbia, Saskatchewan, Manitoba and Ontario (the "Qualifying Provinces") qualifying the distribution of 240,000,000 common shares in the capital of the Company (the "Common Shares") and 120,000,000 Common Share [Read more]
Bellatrix announces lender approval of increase to its credit facilities
CALGARY, Nov. 26, 2014 /CNW/ - Bellatrix Exploration Ltd. ("Bellatrix" or the "Company") (TSX, NYSE: BXE) announces that its syndicate of lenders, led by National Bank Financial as Sole Lead Arranger and Book Runner and National Bank of Canada as Administrative Agent, has approved, subject to completion of final documentation, an increase to the Company's borrowing base and credit facilities to $725 million from $625 million. Based upon its semi-annual borrowing base review for November 30, [Read more]
Anterra Energy Announces Third Quarter 2014 Financial and Operating Results
CALGARY, ALBERTA--(Marketwired - Nov. 26, 2014) - Anterra Energy Inc. ("Anterra" or the "Company") (TSX VENTURE:AE.A)(OTCQX:ATERF) announces its financial and operating results for the three and nine months ended September 30, 2014. Selected information presented below should be read in conjunction with the Company's unaudited financial statements and related management discussion and analysis filed with the Canadian regulatory authorities and available on SEDAR at www.sedar.com and on the [Read more]
Madalena Announces Third Quarter 2014 Financial and Operating Results
TSXV Trading Symbol: MVN OTC Trading Symbol: MDLNF CALGARY, Nov. 26, 2014 /CNW/ - Madalena Energy Inc. ("Madalena" or the "Company") (TSXV: MVN and US: OTC: MDLNF) is pleased to announce its third quarter 2014 financial and operating results. The third quarter was highlighted by the results of the accretive acquisition made by Madalena in late June 2014. The information below should be read in conjunction with Madalena's unaudited interim consolidated financial statements and related [Read more]
Hawk Announces Third Quarter 2014 Results
CALGARY, Nov. 26, 2014 /CNW/ - Hawk Exploration Ltd. ("Hawk" or the "Corporation") is pleased to announce its results for the three and nine months ended September 30, 2014. The Corporation's interim financial statements for the three and nine months ended September 30, 2014 and its management's discussion and analysis for the three and nine months ended September 30, 2014 are available for viewing on SEDAR at www.sedar.com under Hawk's profile or on the Corporation's website at [Read more]
Leucrotta Announces Q3 2014 Financial and Operating Results
CALGARY, ALBERTA--(Marketwired - Nov. 26, 2014) - LEUCROTTA EXPLORATION INC. (TSX VENTURE:LXE) ("Leucrotta" or the "Company") is pleased to announce its financial and operating results for the three and nine months ended September 30, 2014. All dollar figures are Canadian dollars unless otherwise noted. HIGHLIGHTS Commenced active oil and natural gas operations on August 6, 2014 as a result of the closing of an arrangement agreement between Leucrotta, Crocotta Energy Inc. ("Crocotta") and [Read more]
Artisan Energy Announces Acquisition of MOGL Corp & Spur Energy Corp, Initial Closing of Private Placement and Annual General Meeting Results
CALGARY, ALBERTA--(Marketwired - Nov. 25, 2014) - Artisan Energy Corporation ("Artisan" or the "Corporation") (TSX VENTURE:AEC) is pleased to announce that it has completed its previously announced acquisition of all of the issued and outstanding shares (the "Acquisition") of each of MOGL Corp. ("MOGL") and Spur Energy Corp. ("Spur"), private oil and gas exploration and production companies with operations in Western Canada. MOGL Acquisition Total consideration paid by Artisan for all of [Read more]