CALGARY - Canadian Natural Resources Ltd. is on the lookout for a deal that will unlock value from its vast shale holdings in northeastern B.C. It's a departure for the company, which has resisted the sorts of joint-venture deals that have been all the rage amongst its oilpatch peers in recent years. Canadian Natural (TSX:CNQ) is the largest player in the Montney formation, which stretches through parts of northeastern B.C. and northwestern Alberta. On Thursday, it said it is [Read more]
News
COMMENTARY: Alberta Budget Prediction
By Derek Fildebrandt - Canadian Taxpayer Federation With the province’s budget about to come down in early March, it’s time to read the entrails of what Albertans can expect this year, and next. Since it became apparent in September that the government’s election commitments were worth as much as Nortel stock, the Tories have dropped many hints and have been busily spinning away at public opinion. Combined with the hard numbers, the government’s hints allow at least some prediction of what to [Read more]
TSX rises alongside commodities, Dow industrials aim for 3rd day of record highs
By Malcolm Morrison, The Canadian Press TORONTO - The Toronto stock market is higher, reflecting rising commodities along with strong economic data and record performance on U.S. markets. The S&P/TSX composite index gained 35.14 points to 12,867.1. The Canadian dollar rose 0.12 of a cent to 97.07 cents US as Statistics Canada said the trade deficit with the world narrowed in January, falling to $237 million from $332 million in December. In New York, the Dow Jones [Read more]
Bellatrix Exploration Ltd. Announces Year End 2012 Financial Results
TSX, NYSE MKT: BXE CALGARY, March 7, 2013 /PRNewswire/ - Bellatrix Exploration Ltd. ("Bellatrix" or the "Company") (TSX, NYSE MKT: BXE) announces its financial and operating results for the year ended December 31, 2012. Forward-Looking Statements This press release, including the report to shareholders, contains forward-looking statements. Please refer to our cautionary language on forward-looking statements and the other matters set forth at the beginning of the management's discussion [Read more]
Crew Energy Issues 2012 Fourth Quarter and Annual Financial and Operating Results
CALGARY, ALBERTA--(Marketwire - Mar 7, 2013) - Crew Energy Inc. (CR.TO) of Calgary, Alberta ("Crew" or the "Company") is pleased to present its financial and operating results for the three month period and year ended December 31, 2012. Highlights Funds from operations in the fourth quarter increased 20% over the prior quarter to $47.1 million or $0.39 per share which was an 18% increase over the prior quarter funds from operations per share; Net income in 2012 was $21.5 million or [Read more]
Baytex Delivers Record Production And Strong Reserve Growth In 2012
CALGARY, ALBERTA--(Marketwire - Mar 7, 2013) - Baytex Energy Corp. ("Baytex") (BTE.TO) (BTE) reports its operating and financial results for the three months and year ended December 31, 2012 (all amounts are in Canadian dollars unless otherwise noted). Commenting on the results, James Bowzer, President and Chief Executive Officer of Baytex, said, "2012 was another very successful year for Baytex. In an environment which was especially challenging for heavy oil producers, Baytex was able to [Read more]
Marquee Energy Ltd. announces 330% increase in Michichi core area reserves
CALGARY, March 7, 2013 /CNW/ - Marquee Energy Ltd. ("Marquee" or the "Company") (TSXV:MQL.V) is pleased to announce the results of its 2012 year-end oil and gas reserves evaluation. Marquee's year-end 2012 reserves were evaluated by independent reserves evaluator Sproule & Associates Consultants Ltd. ("Sproule"). The evaluation of all of Marquee's oil and gas properties was done in accordance with the definitions, standards and procedures contained in the Canadian Oil and Gas Evaluation [Read more]
Canadian Natural Resources Limited Announces 2012 Fourth Quarter and Year End Results
CALGARY, ALBERTA--(Marketwire - Mar 7, 2013) - Canadian Natural Resources Limited ( TSX : CNQ ) ( NYSE : CNQ ) Commenting on fourth quarter and year end results, Canadian Natural's Vice-Chairman, John Langille stated, "Canadian Natural generated in 2012 over $6.0 billion of annual cash flow from operations and demonstrated capital discipline throughout the year. The Company's exhibited long term ability to maintain flexibility of capital allocation and financial discipline over different [Read more]
Interview with CP Rail’s Ed Greenberg
We interviewed Ed Greenberg from CP Rail about the company's involvement in and plans for shipping crude oil. Based on estimates, CP Rail forecasts it could ship around 70,000 carloads of crude oil in 2013--that's 45.5 million barrels of crude! Press the ‘play button’ to listen to this fascinating interview: [Read more]
Peyto Announces Q4 and Year End 2012 Report to Shareholders
CALGARY, ALBERTA--(Marketwire - March 6, 2013) - Peyto Exploration & Development Corp. ("Peyto" or the "Company") (PEY.TO) is pleased to report operating and financial results for the fourth quarter and the 2012 fiscal year. Peyto grew production and reserves per share to record levels in 2012 while delivering a 76% operating margin1 and a 23% profit margin2. An 8% return on capital and an 8% return on equity were achieved despite historically low natural gas prices. Highlights for 2012 [Read more]