CALGARY - Canadian Oil Sands Ltd. (TSX:COS) posted a big drop in profit for the first three months of the year as unplanned outages at the Syncrude oilsands mine took a bite out of production. Net income during the first quarter was $177 million, or 37 cents per share, down from $318 million, or 66 cents per share during the same period a year earlier, the company said Tuesday. That missed the average analyst estimate of 41 cents per share, according to Thomson [Read more]
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Ironhorse Announces 2012 Financial and Operating Results and Year-end Reserves
CALGARY , April 30, 2013 /CNW/ - Ironhorse Oil & Gas Inc. ("Ironhorse" or the "Company") (IOG.V) announces its 2012 financial and operating results and year-end reserves information. The Company's year-end reserves evaluation with the effective date of December 31, 2012 was prepared by GLJ Petroleum Consultants Ltd. and Sproule Associates Limited in accordance with definitions, standards and procedures contained in the Canadian Oil and Gas Evaluation Handbook ("COGE Handbook") and NI 51-101 [Read more]
Raging River Exploration Inc. Announces Approval of Listing on the Toronto Stock Exchange
CALGARY, ALBERTA--(Marketwired - April 30, 2013) -Raging River Exploration Inc. ("Raging River") (TSX VENTURE:RRX) is pleased to announce that its common shares have been approved for listing on the Toronto Stock Exchange (the "TSX"). The common shares will continue to trade under the symbol "RRX" and trading on the TSX is expected to commence on May 3, 2013. FORWARD LOOKING STATEMENTS: This press release contains forward-looking statements. More particularly, this press release contains [Read more]
Canadians must fight U.S. protectionism in the energy sector, Prentice says
By Heather Scoffield, The Canadian Press OTTAWA - Former Conservative cabinet minister Jim Prentice says Canadians need to step up their efforts to maintain free and open energy markets for Canada's oil, gas and electricity in the United States. Prentice, who is now a vice-president at CIBC, is in Halifax Tuesday to discuss how Canada will fare in a North America that is on the verge of being energy independent. "If we play our cards right, there will be profound opportunities for [Read more]
Diaz Announces Appointment of John Nelson to Board of Directors
CALGARY, ALBERTA--(Marketwired - Apr 30, 2013) - Diaz Resources Ltd. ("Diaz" or the "Company") (TSX VENTURE:DZR) is pleased to announce the appointment of John R. Nelson to its board of directors. Mr. Nelson has over twenty-seven years of resource industry experience and is currently the President, Chief Executive Officer and a director of Africa Hydrocarbons Inc., a TSX Venture Exchange ("TSXV") listed oil and gas company with operations in Tunisia. Mr. Nelson's industry experience includes [Read more]
Suncor shares rise on dividend hike, share buyback, earnings beat
By Lauren Krugel, The Canadian Press CALGARY - Shares in Suncor Energy Inc. rose nearly five per cent Tuesday after Canada's biggest energy company hiked its dividend 54 per cent, announced a $2-billion share buyback and delivered first-quarter operating earnings that beat expectations. Suncor shares were at $31.02 in late-morning trading on the Toronto Stock Exchange, an increase of $1.38. Late Monday, Suncor announced that its quarterly dividend, payable June 25, will rise to 20 cents [Read more]
Crocotta Energy Announces Strategic Pipeline and Marketing Agreement and Provides Operational Update
CALGARY, ALBERTA--(Marketwired - Apr 30, 2013) - Crocotta Energy Inc. ("Crocotta" or the "Company") (CTA.TO) is pleased to announce the following: EDSON PIPELINE AND MARKETING ARRANGEMENT Crocotta has entered into rich gas premium agreements with Aux Sable Canada LP ("Aux Sable") and an interconnection agreement with Alliance Pipeline Limited Partnership ("Alliance Pipeline") providing access to premium markets in the United States. Under the agreements Crocotta will deliver [Read more]
Athabasca Oil Corporation Advances the Development of its Thermal and Light Oil Assets and Reports First Quarter 2013 Results
CALGARY, April 30, 2013 /CNW/ - Athabasca Oil Corporation (TSX:ATH.TO) is pleased to report its first quarter 2013 results. Highlights include: In the Thermal Oil Division, construction at Hangingstone Project 1 is currently proceeding as planned. Appraisal programs to further delineate bitumen resources at Hangingstone Project 2 and Dover West Sands continued along with a third production phase of the Thermal Assisted Gravity Drainage ("TAGD") Leduc Pilot and Demonstration Project at Dover [Read more]
Suncor Energy reports 2013 first quarter results
CALGARY, ALBERTA--(Marketwired - Apr 29, 2013) - "Suncor's unique integrated business model is driving strong and consistent financial results, allowing us to make a step change in the dividends we pay our shareholders while continuing to invest in profitable growth," said Steve Williams, president and chief executive officer. "We have the resources, the assets, the balance sheet and the strategy to continue to grow shareholder returns." Operating earnings of $1.367 billion ($0.90 per common [Read more]
Suncor Energy increases dividend and amends Normal Course Issuer Bid program
CALGARY, ALBERTA--(Marketwired - Apr 29, 2013) - Suncor Energy's Board of Directors has approved an increase in the company's quarterly dividend to $0.20 per common share, from the previous level of $0.13 per common share and amended its Normal Course Issuer Bid (NCIB) to allow for the repurchase of up to an additional $2 billion of common shares. "Suncor is dedicated to delivering a dividend that is reliable, sustainable, meaningful and competitive," said Steve Williams, Suncor chief [Read more]