WASHINGTON - U.S. President Barack Obama made good Tuesday on a threat to veto a bill to approve the Keystone XL pipeline, bringing the two sides in the long-running controversy to a rare point of agreement: their battle is far from over.''The president's veto of the Keystone jobs bill is a national embarrassment,'' said the top Republican in the House of Representatives, John Boehner.''We are not going to give up in our efforts to get this pipeline built — not even close.''The issue is about to [Read more]
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Saturn Minerals Announces Additions to Advisory Board
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Feb. 24, 2015) - Saturn Minerals Inc. (TSX VENTURE:SMI)(FRANKFURT:SMK) ("Saturn" or the "Company") is pleased to announce that Chris Barton, Craig Boland and Curt Maxwell have joined the Advisory Board of Saturn, significantly bolstering the Companies operating technical team with regard to the Company's oil & gas projects. Chris Barton, P.Geo, is a professional geophysicist with over 30 years of experience across the entire Western Canadian [Read more]
Husky Energy Files Base Shelf Prospectus
CALGARY, AB--(Marketwired - February 24, 2015) - Husky Energy Inc. (TSX: HSE) has filed a final Short Form Base Shelf Prospectus with applicable securities regulators in each of the provinces of Canada, effective February 23, 2015. The Shelf Prospectus will enable Husky to offer up to $3 billion of various financial securities in Canada until March 22, 2017. This filing renews a similar Shelf Prospectus filed in 2012 and provides Husky with the ability to efficiently access capital markets [Read more]
Journey Energy Inc. Reports 98% Increase to 2014 Year End Reserves
CALGARY, Feb. 24, 2015 /CNW/ - Journey Energy Inc. (JOY – TSX) ("Journey" or the "Company") is pleased to report its year end 2014 oil and gas reserves evaluation. The reserves evaluation validates our balanced approached between strategic acquisitions and exploration and development, and highlights the continued multi-year success of the Company in enhancing the value of legacy oil pools through the application of new technology. Highlights: Invested over $260 million in our capital [Read more]
Is Oil Returning To $100 Or Dropping To $10?
If you have been following the price of oil over the last few months, the chances are you're a little confused. On the one hand you have the likes of A. Gary Shilling who, in this Bloomberg article, loudly trumpets the prospect of oil at $10/Barrel, and on the other there is T. Boone Pickens, who, at the end of last year was predicting a return to $100 within 12-18 months. Pickens prediction has moderated somewhat as WTI and Brent crude have continued to fall, but in January he was still saying [Read more]
Kicking Horse Energy Announces Updated Reserves
CALGARY, AB--(Marketwired - February 23, 2015) - Kicking Horse Energy Inc. ("Kicking Horse" or the "Company") (TSX VENTURE: KCK) reports that independent reserves evaluations effective December 31, 2014 have been completed by the Company's reserves evaluators in compliance with National Instrument 51-101 - Standards of Disclosure for Oil and Gas Activities ("NI 51-101") and in accordance with the Canadian Oil and Gas Evaluation Handbook. GLJ Petroleum Consultants Ltd. ("GLJ") evaluated the [Read more]
PrairieSky Royalty Announces 2014 Fourth Quarter and Year End Results; Maintains Dividend
CALGARY, ALBERTA--(Marketwired - Feb. 23, 2015) - PrairieSky Royalty Ltd. ("PrairieSky" or the "Company") (TSX:PSK) is pleased to announce its operating and financial results for the fourth quarter of 2014 and the 219 day period from commencement of operations on May 27, 2014 to December 31, 2014. In addition, PrairieSky announces that it will maintain its current dividend level of $1.30 per share per annum. Highlights: Acquired Range Royalty on December 19, 2014, adding 3.5 million acres [Read more]
As White House confirms plan to veto Keystone XL, five facts about its status
WASHINGTON - An attempt to force U.S. President Barack Obama to approve the Keystone XL pipeline is being rebuffed, with the White House confirming that the president will veto a pro-Keystone bill, the first legislation of its kind passed by Congress.It may be a milestone in a long debate — but it's not the end of the years-long saga, which involves plans to build a new oil pipeline from Alberta and connect it to an already-functioning portion in the southern U.S. Here are five facts about the [Read more]
Obama intends to quietly kill off Keystone XL bill, White House confirms
WASHINGTON - President Barack Obama is about to make good on his oft-stated threat to veto legislation to build the Keystone XL pipeline, a spokesman announced Monday."I would anticipate that, as we've been saying for years, the president would veto that legislation," Obama spokesman Josh Earnest told a press briefing."And he will."The Republican-controlled Congress passed the legislation earlier this month, and plans to send it to the president Tuesday. The president then has 10 days to send it [Read more]
IHS: Vast Majority of Crude Oil Transported via Keystone XL Pipeline Would Be Consumed in the United States
WASHINGTON--(BUSINESS WIRE)--Most, if not all, crude oil that would be transported via the proposed Keystone XL pipeline to the U.S. Gulf Coast would not be exported, and the vast majority of refined product (about 70 percent) derived from it would be consumed in the United States, according to a new report by IHS (NYSE: IHS), the leading source of critical information and insight. The report, which analyzes the outlook for oil sands and other heavy crudes in North America, also says that the [Read more]