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]
Headlines
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]
We need to care more about how our government spends
A story broke that United Conservative Party MLA Derek Fildebrandt rented out his taxpayer-subsidized apartment on AirBNB. Most people saw this as a wrong-doing by Fildebrandt, as they should. Fildebrandt made $2,555 from AirBnb, which he donated to Alberta's debt after the income became controversy. Fildebrandt is especially hypocritical, since he used to look for very similar spending/double-dipping habits while at the Canadian Taxpayers Federation. This is not a new story though, as [Read more]
Pengrowth Announces Closing of $300 Million Olds/Garrington Area Asset Sale
CALGARY, ALBERTA--(Marketwired - Aug. 11, 2017) - Pengrowth Energy Corporation (TSX:PGF)(NYSE:PGH) is pleased to report that it has closed the previously announced sale of its Olds/Garrington area assets in Central Alberta for cash consideration of $300 million, before customary closing adjustments. The sale proceeds will provide the Company with additional financial flexibility and help improve its balance sheet strength. The Company continues to seek out opportunities to further reduce [Read more]
CAODC Condemns B.C. Government’s Decision on Trans Mountain Expansion
The Canadian Association of Oilwell Drilling Contractors (CAODC) condemns the Government of British Columbia’s decision to take legal action in order to halt the Kinder Morgan Trans Mountain Expansion Pipeline project. Today British Columbia’s Environment and Climate Change Strategy Minister George Heyman announced his government has retained external legal counsel to initiate legal action related to the Trans Mountain Expansion Pipeline. Mr. Thomas Berger, QC, OC, OBC has been secured by the [Read more]
Enerplus Announces Second Quarter 2017 Results
CALGARY, Aug. 11, 2017 /CNW/ - Enerplus Corporation ("Enerplus" or the "Company") (TSX & NYSE: ERF) is pleased to announce its second quarter 2017 operating and financial results. The Company reported second quarter 2017 net income of $129.3 million, or $0.53 per share. This compares to a second quarter 2016 net loss of $168.6 million, or $0.77 per share. SECOND QUARTER 2017 HIGHLIGHTS: 35% production growth in North Dakota quarter-over-quarter Generated adjusted funds flow of [Read more]