Oil prices rose more than 2% on Friday, rebounding from their biggest falls in years after U.S. President Donald Trump imposed more tariffs on Chinese imports, intensifying the trade war between the world's two biggest economies and crude consumers. Brent crude futures slumped more than 7% on Thursday, their steepest drop in more than three years. U.S. West Texas Intermediate (WTI) crude futures fell nearly 8%, posting its worst day in more than four years, The collapse ended a fragile [Read more]
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Advantage Announces Second Quarter 2019 Operating & Financial Results
CALGARY, Aug. 1, 2019 /CNW/ - Advantage Oil & Gas Ltd. ("Advantage" or the "Corporation") is pleased to announce solid operating and financial results for the second quarter of 2019 with liquids production growth of 142%, strong market diversification gains of $16 million and continued low costs. The Corporation's second quarter operational highlights were substantially reported in our press release dated July 8, 2019 and included successful liquids-rich well results, commissioning of a [Read more]
Crew Energy Inc. Announces Second Quarter 2019 Financial and Operating Results Highlighted by 36% Increase in Condensate Volumes Year-Over-Year
CALGARY, Aug. 1, 2019 /CNW/ - Crew Energy Inc. (TSX: CR) ("Crew" or the "Company") is pleased to announce our operating and financial results for the three and six month periods ended June 30, 2019. Crew's Financial Statements and Notes, as well as Management's Discussion and Analysis ("MD&A") for the three and six month periods ended June 30, 2019 are available on Crew's website and filed on SEDAR at www.sedar.com. Q2 2019 HIGHLIGHTS Ultra Condensate-Rich ("UCR") Montney [Read more]
Bonavista Energy Corporation Announces 2019 Second Quarter Results
CALGARY, Aug. 1, 2019 /CNW/ - Bonavista Energy Corporation ("Bonavista") is pleased to report to shareholders its financial and operating results for the three and six months ended June 30, 2019. In the second quarter of 2019, we generated adjusted funds flow of $40.5 million, allocating $35.3 million to our exploration and development program. The financial statements and notes, as well as management's discussion and analysis, are available on the System for Electronic Document Analysis and [Read more]
Alberta hires former journalist to devise fight-back plan against energy foes
CALGARY - The Alberta government has hired a former journalist to develop a plan to fight back against oil and gas industry foes. Claudia Cattaneo retired last year as the National Post's western business columnist based in Calgary. Energy Minster Sonya Savage says Cattaneo has joined "the fight against lies and myths being spread about Alberta's energy industry." The United Conservative government's so-called fight-back strategy includes rebutting critics through a [Read more]
Pembina Pipeline Corporation Reports Second Quarter Results
Pembina's integrated and diverse business model continues to deliver strong results All financial figures are in Canadian dollars unless noted otherwise. CALGARY, Aug. 1, 2019 /CNW/ - Pembina Pipeline Corporation ("Pembina" or the "Company") (TSX: PPL; NYSE: PBA) announced today its financial and operating results for the second quarter of 2019. Financial and Operational Overview 3 Months Ended June 30 6 Months Ended June 30 ($ millions, except where [Read more]
Freehold Royalties Ltd. Announces Second Quarter Results & Increases Production Guidance
CALGARY, Alberta, Aug. 01, 2019 (GLOBE NEWSWIRE) -- Freehold Royalties Ltd. (Freehold) (TSX:FRU) announced second quarter results for the period ended June 30, 2019. RESULTS AT A GLANCE Three Months Ended Six Months Ended June 30 June 30 FINANCIAL ($000s, except as noted) 2019 2018 Change 2019 2018 Change Royalty and other revenue 35,333 39,961 -12 % 70,942 79,118 -10 % Net income [Read more]
Heavy discount narrows as monthly trade cycle begins
The differential on Canadian heavy crude narrowed modestly on Thursday as the monthly trading window opened. * Western Canada Select (WCS) heavy blend crude for September delivery in Hardisty, Alberta, traded at $12.40 per barrel below West Texas Intermediate (WTI) oil, according to Net Energy Exchange. On Wednesday, WCS for September delivery settled at $13 a barrel below WTI crude futures. * The benchmark heavy discount remained in sight of the narrowest differential in three months, $9 [Read more]
Canadian Natural Resources eyes Alberta rail contracts amid pipeline congestion
Canadian Natural Resources Ltd , the country's biggest oil and gas producer, said it was looking at taking on the Alberta provincial government's contracts to move crude by rail, a senior company executive said on Thursday. Shipping more crude by rail is seen as critical for Canadian oil producers due to congested pipelines that forced Alberta to order mandatory oil curtailments this year. The Alberta United Conservative Party government said in June that it planned to divest rail [Read more]
Whitecap Resources Inc. Announces Second Quarter 2019 Results and Appointment of Director
CALGARY, Aug. 1, 2019 /CNW/ - Whitecap Resources Inc. ("Whitecap" or the "Company") (TSX: WCP) is pleased to report its operating and unaudited financial results for the three and six months ended June 30, 2019. Selected financial and operating information is outlined below and should be read with Whitecap's unaudited interim consolidated financial statements and related Management's Discussion and Analysis ("MD&A") which are available at www.sedar.com and on our website at [Read more]