LAVAL, Que. - Alimentation Couche-Tard (TSX:ATD.B) earned US$145.1 million or 25 cents per diluted share during its fourth quarter, down from $146.4 million or 26 cents per dilute share a year ago. Revenue totalled $8.95 billion, up from $8.78 billion. Adjusted for one-time items, the Quebec-based convenience store operator earned 22 cents per diluted share, up from 20 cents a year ago, but three cents below analyst expectations. [Read more]
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Baytex Announces Updated Guidance for 2014
CALGARY, ALBERTA--(Marketwired - July 7, 2014) - Baytex Energy Corp. ("Baytex") (TSX:BTE)(NYSE:BTE) announces updated guidance for the second half of 2014 that incorporates the acquisition of Aurora Oil & Gas Limited ("Aurora"), which was completed on June 11, 2014. The Aurora acquisition expands our asset portfolio into the Eagle Ford, one of the premier oil resource plays in North America. Commenting on the announcement, James Bowzer, President and Chief Executive Officer, said: "We are [Read more]
Oil slips below $104 as Libya set to boost exports
The price of oil slipped below $104 a barrel Monday as expectations that Libya will soon boost its exports of crude offset strong U.S. job growth. By early afternoon in Europe, benchmark U.S. crude for August delivery was down 19 cents to $103.87 a barrel in electronic trading on the New York Mercantile Exchange. Brent crude, a benchmark for international oils, was down 37 cents at $110.63 on the ICE Futures exchange in London. Crude fell despite signs the U.S. economy is steadily [Read more]
Sunshine Oilsands Announces Resignation Of Directors
CALGARY, Alberta and HONG KONG, July 6, 2014 /PRNewswire/ -- The board of directors (the "Board") of Sunshine Oilsands Ltd. (the "Corporation") (HKEX: 2012; TSX: SUO) announces that Mr. Songning Shen and Mr. Wazir Chand Seth have resigned as non-executive directors of the Corporation with effect from 7 July 2014. Mr. Shen and Mr. Seth have each confirmed that they have no disagreement with the Board and there are no matters relating to their resignation as non-executive directors that need to be [Read more]
A year later, Lac-Megantic mayor urges town to turn page on ‘horror’ of disaster
LAC-MEGANTIC, Que. - More than 1,000 people marched in solemn silence early this morning along the edge of Lac-Megantic's railroad as they remembered last year's deadly train disaster. They began the walk after observing a moment of silence at 1:15 a.m. — the exact moment on this day last year when a runaway train derailed in the centre of the Quebec town and exploded in a series of cataclysmic fireballs killing 47 people. Though a year has passed, the emotional scars in the community [Read more]
Scars remain as Lac-Megantic holds services and vigil a year after disaster hit
LAC-MEGANTIC, Que. - The scars from last year's devastating train derailment still run deep in Lac-Megantic. But this weekend townsfolk will square their shoulders once again to pay homage to 47 of their friends and relatives who perished when a runaway train turned their downtown core into an inferno. Church services, concerts, social events and vigils will mark two days of commemorations, which will be highlighted Sunday by a Roman Catholic mass at the church whose statue of Jesus became [Read more]
Crude oil slips for seventh straight session as supplies set to increase
The price of crude oil slipped below $104 a barrel Friday, extending its drop to seven straight days, as expectations of increased supply offset strong U.S. employment growth.Benchmark West Texas Intermediate crude moved 29 cents lower to US$103.77 a barrel in electronic trading on the New York Mercantile Exchange.U.S. markets were closed Friday for the Independence Day holiday and trading volumes in other markets were thinner than usual.Crude fell despite signs the U.S. economy is steadily [Read more]
Trudeau says Liberal message is getting through in Alberta
CALGARY - Liberal leader Justin Trudeau says his party's message is getting through in the traditional Conservative stronghold of Alberta.He says Albertans are becoming more enthusiastic about the party even though the Liberals failed to snag an Alberta seat in recent federal byelections,Trudeau says the Liberals had a strong showing in the Fort McMurray-Athabasca riding in the heart of oilsands country.He says the Harper Conservatives have fallen down on the proposed Keystone XL pipeline.And he [Read more]
Trident Resources Corp. Announces Reorganization, Disposition and Financing
CALGARY, ALBERTA--(Marketwired - July 4, 2014) - Trident Resources Corp. ("Trident") announces that it has successfully reorganized its Canadian operations and disposed of 10% of those operations for gross proceeds of $107 million. Trident also announces the completion of a $95 million secured debt financing that, coupled with the disposition proceeds was used to repay its existing secured lending facilities in full and for working capital purposes. Reorganization Under the reorganization of [Read more]
SilverWillow Energy Corporation announces staff reductions and updates strategic alternatives process
CALGARY, July 3, 2014 /CNW/ - SilverWillow Energy Corporation ("SilverWillow" or the "Corporation") today announces that its Board of Directors has approved a reduction in staffing levels to align human resources with current levels of activity. SilverWillow will also take further steps to reduce general and administrative costs; however, the current executive officers of the Corporation will remain in their existing positions. It is anticipated that these measures will allow the Corporation to [Read more]