Velvet’s Predatory Offer Significantly Undervalues Iron Bridge Shareholders’ Investment Offer Transfers Substantial Upside from Gold Creek Oil-Rich Montney Play to Velvet, at the Expense of Iron Bridge Shareholders Iron Bridge’s Growth Outlook is Strong, Its Asset is Highly Economic, It has Access to Capital and It is Stewarded by an Experienced Management Team to Execute on Value Creation White Knight and Strategic Capital Partners Are Already Emerging; a Superior Alternative Could [Read more]
Headlines
TransCanada Appoints New Independent Director
CALGARY, Alberta, June 13, 2018 (GLOBE NEWSWIRE) -- TransCanada Corporation (TSX:TRP) (NYSE:TRP) (TransCanada) today announced the appointment of a new independent director, Randy Limbacher, effective June 13, 2018. Since 2017, Mr. Limbacher has been the chief executive officer of Meridian Energy LLC, a Houston-based energy advisory firm. From 2013 to 2017, Mr. Limbacher was the vice-chairman, president and chief executive officer of Samson Resources Corporation. He also served as chairman, [Read more]
Saturn Oil & Gas Inc. Announces Flow-Through Brokered Private Placement Co-led by Canaccord Genuity and Gravitas Securities
SASKATOON, Saskatchewan, June 13, 2018 (GLOBE NEWSWIRE) -- Saturn Oil & Gas Inc. (“Saturn” or the “Company”) (TSX.V:SMI) (FSE:SMK) is pleased to announce that it has amended the terms of its brokered private placement unit offering announced on May 14, 2018 to engage Gravitas Securities Inc. ("Gravitas") to act as co-lead with Canaccord Genuity Corp. ("Canaccord") (Gravitas and Canaccord are collectively the "Agents") and to amend the offering to offer, on a commercially reasonable efforts [Read more]
Georox Completes Acquisition of Producing Oil and Gas Interests in Southwest Saskatchewan and Southeast Alberta
Kelowna, British Columbia (FSCwire) - Georox Resources Inc. ("Georox" or the "Corporation") (GXR:TSX-V; OF6A:FRA) is pleased to announce that it has completed its previously announced agreement to acquire certain high working interest producing oil (~94%) and natural gas (~6%) interests in Southwest Saskatchewan (Luseland, Hearts Hill and Cuthbert) and Eastern Alberta ( Cuthbert), from arm's-length private vendors (the "Acquisition" or the "Transaction"). Georox was Transaction lead, having [Read more]
Alberta oilsands project wins regulator approval despite Indigenous objections
CALGARY - A northern Alberta oilsands project has been approved by the Alberta Energy Regulator over the objections of local Indigenous people who say it will encroach on sacred lands and poses a risk to their drinking water. The 10,000-barrel-per-day steam-driven Rigel oilsands project proposed by privately-held Prosper Petroleum Ltd. of Calgary is in the public interest, the AER said in a decision posted on its website. Construction is expected to cost $390 million, with an additional [Read more]
Trump, Iran spar over oil prices ahead of OPEC meeting
WASHINGTON/LONDON (Reuters) - U.S. President Donald Trump and Iran exchanged sharp words over oil prices on Wednesday, with Trump blaming OPEC for high oil prices and Tehran accusing him of stoking volatility after he withdrew last month from a global nuclear arms deal with Iran. Trump sparked the latest back-and-forth when he renewed his attack on OPEC in a tweet that said oil prices are too high and that the cartel was “at it again.” Oil prices have risen by around 60 percent over the [Read more]
AltaGas sells 35% of B.C. hydro operation, will remain majority owner
CALGARY - AltaGas Ltd. says it has an agreement to sell 35 per cent of its interest in a B.C. hydroelectric operation for $922 million but will remain the majority owner of the power generation facilities. The Northwest British Columbia Hydro Electric Facilities are in Tahltan First Nation territory. They include three operating hydroelectric power generation plants that sell their output to BC Hydro under separate 60-year purchase agreements. The buyer is a joint [Read more]
Oil demand seen steady in 2019 but OPEC supply, trade risks loom
LONDON (Reuters) - Oil demand will grow steadily in 2019 thanks to a solid global economy, but the world may face a large supply gap by late next year if OPEC cannot cover any supply shortfalls, the International Energy Agency said on Wednesday. The report serves as a stark warning to the world’s largest oil exporters, who meet next week in Vienna to discuss supply policy. The IEA said it expects global oil demand to grow by 1.4 million barrels per day in 2019, to top 100 million bpd by [Read more]
Sproule Opens Office in Mexico City
CALGARY, AB, CANADA – June 13, 2018 – Sproule, a leading global energy consulting firm, will open a new office in Mexico City on June 25, 2018 to accommodate business growth and leverage the country’s highly qualified pool of oil and gas professionals. In addition to the corporate headquarters in Calgary, Canada, the new Mexican office supports the company’s growth strategy, coinciding with this critical period of energy transformation in Mexico. As a result of ratification of the energy [Read more]
Suncor refinery restart to ease Petro-Canada service station fuel outages
CALGARY - Suncor Energy Inc. says a fuel supply shortage that left some of its Petro-Canada stations in the four western provinces with no gasoline to pump should clear up in the next few days. Stations began running out of fuel about two weeks ago in Edmonton and Calgary, followed by some Petro-Canada outlets in Saskatchewan, Manitoba and B.C. Spokeswoman Nicole Fisher says Suncor's 142,000 barrel-a-day Edmonton refinery was restarted last week after being shut down for regular spring [Read more]