CALGARY, Alberta, Sept. 30, 2019 (GLOBE NEWSWIRE) -- Baytex Energy Corp. (“Baytex”)(TSX, NYSE: BTE) has published its fourth biennial corporate sustainability report, demonstrating our commitment to transparency and accountability, and our progress in managing the environmental and social impacts of our business. The report is available on Baytex’s website at www.baytexenergy.com. Highlights 76% reduction in corporate spill volumes over five years 99.1% routine gas conservation in [Read more]
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Journey Energy Inc. Announces Equity Financing and Term Debt Extension
CALGARY, Sept. 30, 2019 /CNW/ - Journey Energy Inc. (JOY – TSX) ("Journey" or the "Company") today announced two significant financial transactions improving its balance sheet and liquidity. Non-brokered private placement Journey has entered into a non-brokered, private placement for $7.3 million of flow through common shares (within the meaning in the Income Tax Act (Canada) (the "Flow-Through Shares"). 2.8 million Flow-Through Shares were issued at a price of $2.60 per share, representing [Read more]
Connacher Oil and Gas Limited Announces Effectiveness of Its Restructuring Plan
CALGARY, Sept. 30, 2019 /CNW/ - Connacher Oil and Gas Limited ("Connacher" or the "Company") is pleased to announce the effectiveness of the Company's Amended and Restated Plan of Compromise and Arrangement dated July 16, 2019 (the "Plan"), which, as previously announced, was sanctioned by the Court of Queen's Bench of Alberta (the "Court") on July 16, 2019 in the Company's proceedings under the Companies' Creditors Arrangement Act (the "CCAA"). Upon effectiveness, which occurred as of September [Read more]
Eagle Energy Inc. Announces Conditional Approval of the Listing of Eagle by the TSX Venture Exchange
Further to the August 14, 2019 news release of Eagle Energy Inc. ("Eagle") regarding its application to transfer its listing to the TSX Venture Exchange (the "TSX-V") from the Toronto Stock Exchange ("TSX"), Eagle announces that the TSX-V has conditionally approved the listing of Eagle as a Tier 2 Oil and Gas Issuer subject to receiving final administrative items and undertakings from Eagle. Eagle is working to complete and submit these items as soon as possible. The exact timing for the [Read more]
Pieridae and AIMCo Agree to Extend Term Loan and Convertible Debenture Maturity
CALGARY, Alberta, Sept. 30, 2019 (GLOBE NEWSWIRE) -- Pieridae Energy Limited (Pieridae or the Company) (TSXV: PEA) announces that Alberta Investment Management Corporation, on behalf of certain of its clients, and Pieridae have agreed to extend the maturity date of both (a) the $50 million senior secured term loan facility (the “Term Loan”), as described in the news release issued by the Company on December 18, 2018, and (b) the $10 million secured convertible debenture, as described in the news [Read more]
Oil price drops on Mideast tension, global downturn
Oil prices are likely to remain steady this year as supply shocks from Saudi Arabia fail to lift prices in a market grappling with flagging demand, a Reuters survey showed on Monday, as warnings of a global economic deceleration mount. The survey of 53 economists and analysts forecast Brent crude would average $65.19 a barrel in 2019, little changed from $65.02 forecast last month. This was however, slightly higher than the $64.76 average for the global benchmark so far this year. U.S. [Read more]
GuildOne named in Globe and Mail’s 2019 Ranking of Canada’s Fastest Growing Companies
Calgary-based data solutions and business intelligence provider placed in the top 25% of ranked companies based on three-year revenue growth of 485%. GuildOne is pleased to announce it has been named in the inaugural Report on Business ranking of Canada’s Top Growing Companies, an annual rank of Canadian companies based on three-year revenue growth. GuildOne earned its spot with three-year growth of 485%. For almost twenty years, Calgary-based GuildOne has been providing advanced data [Read more]
Husky Receives Approval to Begin Superior Refinery Rebuild
CALGARY, Alberta, Sept. 30, 2019 (GLOBE NEWSWIRE) -- Husky Energy continues to make steady progress towards a return to full operations at the Superior Refinery. The Company has received the required permit approvals to begin reconstruction activities at the site and work is expected to begin immediately. Demolition of damaged equipment resulting from a fire in April of 2018 is now largely complete and the rebuild will take place over the next two years with an expected return to full [Read more]
Obsidian Energy Provides Operational Update
CALGARY, Sept. 30, 2019 /CNW/ - OBSIDIAN ENERGY LTD. (TSX/NYSE – OBE) ("Obsidian Energy", the "Company", "we", "us" or "our") is pleased to provide an update on its Cardium development program and hedging portfolio. Phase 2 Cardium Program Update The 13 well Willesden Green Cardium development program planned for the second half of the year is progressing as planned, with six wells rig released. Four of those wells have been completed and are expected to be on stream by mid-October. The [Read more]
AltaGas Reaches an Agreement to Sell its Interest in the Central Penn Pipeline for $870 Million
AltaGas exceeds its 2019 asset sales target with approximately $2.2 billion announced or completed sales to-date CALGARY, Sept. 30, 2019 /CNW/ - AltaGas Ltd. (AltaGas) (TSX: ALA) announced today that it has entered into a definitive agreement for the sale of its indirect, non-operating interest in the Central Penn Pipeline (Central Penn) held by its subsidiary WGL Midstream, Inc. (WGL Midstream) to Meade Pipeline Investment, LLC, a subsidiary of NextEra Energy Partners, LP. Total gross proceeds [Read more]