Its been an arduous road since the 2015 provincial election's conservative vote schism, which, of the roughly 1.5 million votes cast, saw over half go to conservative parties but gave us an NDP government. Since then souls were searched, ego's tested and careers wagered; all under a banner of uniting a group with more in common than not, and in defeat of a party crazy enough to weigh intangibles like 'social licence' over fundamentals like Alberta's bleeding red balance sheet. But alas, he we [Read more]
Headlines
Pembina Pipeline Corporation Announces $600 Million Public Note Offering
CALGARY, Aug. 14, 2017 /CNW/ - Pembina Pipeline Corporation ("Pembina" or the "Company") (TSX: PPL, NYSE: PBA) announced today that it has agreed to issue $600 million of senior unsecured medium-term notes (the "Offering"). The Offering will be conducted in two tranches consisting of $350 million principal amount through the re-opening of the Company's 2.99% medium-term notes, series 8, due January 22, 2024 (the "Series 8 Notes") and $250 million principal amount through the re-opening of the [Read more]
Gibson Energy’s biggest shareholder calls for strategic review
M&G Investment Management Ltd, the largest shareholder in Canada's Gibson Energy , on Monday urged the Calgary-based oil and gas infrastructure company to launch a strategic review process to cut costs and boost returns. London-based M&G, which owns 19.4 percent of Gibson's outstanding shares, released an open letter laying out its views of the company and the steps it could take to maximize value, including being sold. Gibson Energy, which provides storage and transportation [Read more]
Husky Agrees to Acquire U.S. Midwest Refinery; Increases Value-Added Processing Capacity
CALGARY, Alberta, Aug. 14, 2017 (GLOBE NEWSWIRE) -- Husky Energy (TSX:HSE) announces it has entered into definitive agreements to acquire the Superior Refinery, a 50,000 barrel per day permitted capacity facility located in Superior, Wisconsin from Calumet Specialty Products Partners, L.P. for $435 million US in cash. The deal is subject to customary closing adjustments. “Acquiring the Superior Refinery will increase Husky’s downstream crude processing capacity, keeping value-added processing [Read more]
Spartan Energy Corp. Announces Increased 2017 Production Guidance and Second Quarter Financial and Operating Results
CALGARY, ALBERTA--(Marketwired - Aug. 14, 2017) - Spartan Energy Corp. ("Spartan" or the "Company") (TSX:SPE) is pleased to report its financial and operating results for the three and six months ended June 30, 2017. Selected financial and operational information is set out below and should be read in conjunction with Spartan's June 30, 2017 interim financial statements and the related management's discussion and analysis, which are available for review at www.sedar.com or on the Company's [Read more]
Hedge funds gamble for a third time on oil rebalancing
LONDON, Aug 14 (Reuters) - "If at first you don't succeed, try, try, try again," goes the proverb used to encourage students. Hedge fund managers are becoming bullish towards crude oil and refined fuels for the third time this year and must be hoping the signs of market rebalancing are real this time after early setbacks proved costly. Hedge funds and other money managers raised their net long position in the three major futures and options contracts linked to Brent and West Texas Intermediate [Read more]
Cona Resources Ltd. Announces Second Quarter 2017 Results
CALGARY, Aug. 14, 2017 /CNW/ - Cona Resources Ltd. ("Cona" or the "Company") (TSX: CONA) announces its operating and financial results for the three and six months ended June 30, 2017. Cona's financial statements and management's discussion and analysis ("MD&A") for the three and six months ended June 30, 2017 are available on our website at www.conaresources.com and on SEDAR at www.sedar.com. FINANCIAL AND OPERATING HIGHLIGHTS Three months ended Six months ended [Read more]
TransGlobe Energy Corporation Announces Second Quarter 2017 Financial and Operating Results
CALGARY, Alberta, Aug. 14, 2017 (GLOBE NEWSWIRE) -- TransGlobe Energy Corporation (“TransGlobe” or the “Company”) (TSX:TGL) (NASDAQ:TGA) is pleased to announce its financial and operating results for the three and six months ended June 30, 2017. All dollar values are expressed in United States dollars unless otherwise stated. TransGlobe's Condensed Consolidated Interim Financial Statements together with the notes related thereto, as well as TransGlobe's Management's Discussion and Analysis for [Read more]
Sunshine Oilsands Ltd.: Announcement of Results for the Second Quarter ended June 30, 2017
CALGARY, ALBERTA and HONG KONG, CHINA--(Marketwired - Aug. 14, 2017) - Sunshine Oilsands Ltd. (the "Corporation" or "Sunshine") (HKSE:2012) today announced its financial results for the second quarter ended June 30, 2017. The Corporation's condensed consolidated interim financial statements, notes to the condensed consolidated interim financial statements and management's discussion and analysis have been filed on SEDAR (www.sedar.com) and with The Stock Exchange of Hong Kong Limited (the "Hong [Read more]
Canada Weekly Rig Count Up 3 to 220
Western Canada’s fleet of drilling rigs increased this week to 217 actively drilling rigs according to data collected by Baker Hughes for the week of August 11th. From one week ago, Alberta rig counts increased to 148 rigs from 145, the Saskatchewan rig count increased to 45 from 42. Oil drilling increased to 127 rigs from 124; gas rigs remained at 93. View a full breakdown of western Canada’s rig activity. [Read more]