During a Super Bowl interview with Fox News host Bill O'Reilly, President Barack Obama seemed less than enthused with the prospects accompanying building the Keystone XL pipeline. When directly asked if he would approve it, Obama replied: "we'll take a look at it". During the interview, O'Reilly cited the pipeline would create a total of 42,000 jobs for the country--Obama dismissed the number, responding to the host: Well first of all, it’s not forty two thousand. That’s — that’s not, uh, [Read more]
News
Renegade Petroleum Ltd. Announces a $58 Million Capital Budget Targeting $77 Million in Funds from Operations
CALGARY, ALBERTA--(Marketwired - Feb. 4, 2014) - Renegade Petroleum Ltd. ("Renegade" or the "Company") (TSX VENTURE:RPL) announced today that its Board of Directors has approved a $57.7 million capital budget for 2014 directed at exploitation of its high quality light-oil assets in southeast and west central Saskatchewan. This capital program is consistent with the Company's long-term objectives of drilling low-risk, high impact wells while maintaining a strong focus on cost reduction in all [Read more]
Suncor hikes quarterly dividend again
CALGARY - Suncor Energy Inc. (TSX:SU) has hiked its dividend by 15 per cent to 23 cents per share — nine months after a 54-per-cent bump its quarterly payout. Its board of directors has also approved additional share buybacks of up to $1 billion, subject to regulatory approval. Canada's largest energy company made the announcement as it reported quarterly operating earnings that were slightly lower year-over-year, but missed analyst estimates. Suncor's operating earnings during the last [Read more]
Alexander Energy Ltd. Announces Completion of Previously Announced Southeast Saskatchewan Property Acquisition
CALGARY, ALBERTA--(Marketwired - Feb. 3, 2014) - Alexander Energy Ltd. ("Alexander" or the "Corporation") (TSX VENTURE:ALX) is pleased to announce that it has successfully completed the acquisition of certain assets located in southeast Saskatchewan (the "Assets") previously announced on December 18, 2013. The Assets were acquired from an arm's length public oil and gas company for total consideration of $32.5 million with an effective date of December 1, 2013. Following the completion of the [Read more]
Suncor Energy reports 2013 fourth quarter results
CALGARY, ALBERTA--(Marketwired - Feb. 3, 2014) - Unless otherwise noted, all financial figures are unaudited, presented in Canadian dollars (Cdn$), and have been prepared in accordance with International Financial Reporting Standards (IFRS), specifically International Accounting Standard (IAS) 34 Interim Financial Reporting as issued by the International Accounting Standards Board. Effective January 1, 2013, Suncor adopted new and amended accounting standards, described in the Other Items [Read more]
Suncor Energy increases dividend
CALGARY, ALBERTA--(Marketwired - Feb. 3, 2014) - Suncor Energy's Board of Directors has approved an increase in the company's quarterly dividend to $0.23 per share on its common shares, from the previous level of $0.20 per share. The dividend is payable March 25, 2014 to shareholders of record at the close of business on March 4, 2014. Suncor Energy is Canada's leading integrated energy company. Suncor's operations include oil sands development and upgrading, conventional and offshore oil [Read more]
Enerplus Exceeds Production Guidance for 2013 and Delivers Record Reserve Replacement
This news release includes forward-looking statements and information within the meaning of applicable securities laws. Readers are advised to review "Forward-Looking Information and Statements" at the conclusion of this news release. Readers are also referred to "Information Regarding Reserves and Operational Information", "Notice to U.S. Readers" and "Non-GAAP Measures" at the end of this news release for information regarding the presentation of the financial, reserves and operational [Read more]
Suncor Energy appoints new members to Board of Directors
CALGARY, ALBERTA--(Marketwired - Feb. 3, 2014) - John Ferguson, Chairman of Suncor Energy is pleased to announce the appointment of John D. Gass and Michael M. Wilson to the company's Board of Directors. John Gass is former vice president, Chevron Corporation and former president, Chevron Gas and Midstream - positions he held from 2003 until his retirement in 2012. He has extensive international experience, having served in a diverse series of operations positions in the oil and gas industry [Read more]
Donnybrook Reports Fiscal Year-End Reserves at December 31, 2013
CALGARY, ALBERTA--(Marketwired - Feb. 3, 2014) - Donnybrook Energy Inc. ("Donnybrook" or the "Company") (TSX VENTURE:DEI) reports the results of its December 31, 2013 Reserves Assessment and Evaluation of certain of its Alberta oil and gas properties, as evaluated by GLJ Petroleum Consultants ("GLJ") in accordance with National Instrument 51-101 - Standards of Disclosure for Oil and Gas Activities ("NI 51-101"). A summary of the Company's reserves volumes according to reserve category as at [Read more]
Relentless Resources Announces New Officers, Board Appointment and Private Placement
CALGARY, ALBERTA--(Marketwired - Feb. 3, 2014) - Relentless Resources Ltd. (TSX VENTURE:RRL) ("Relentless" or "the Company") is pleased to announce the appointment of Mr. Ronald J. Peshke as President, and as a member of the Company's board of directors (the "Board"), effective immediately. Mr. Daniel T. Wilson, the outgoing President, will remain heavily involved with the Company as Chief Executive Officer and Chairman of the Board. The Board would like to thank Mr. Wilson for his service as [Read more]