CALGARY, Jan. 23, 2017 /CNW/ - Questerre Energy Corporation ("Questerre" or the "Company") (TSX,OSE:QEC) announced that it will be proceeding with an offering of up to 3,000,000 Class "A" common shares ("Common Shares") at a price of $0.49 per Common Share in accordance with the rules of the Oslo Stock Exchange ("OSE")and the Norwegian Securities Trading Act (the "Subsequent Offering"). In connection with the Subsequent Offering, Questerre has filed a prospectus with the Financial Supervisory [Read more]
Headlines
Coal CEO: ‘At Least We’ve Got A Shot Under Trump’
President Donald Trump may be the coal industry’s only hope after years of being hit with burdensome regulations. The Environmental Protection Agency’s (EPA) regulation on power plants to tackle global warming, called the Clean Power Plan (CPP), could cost the U.S. economy a staggering $41 billion a year. Most of these costs will be born by the coal industry. “At least we’ve got a shot at it under Trump,” Jeff Keffer, CEO of the coal company Longview Power, told The Daily Caller News [Read more]
OPEC, allies says production cuts ahead of schedule
VIENNA - OPEC and key non-OPEC oil producers seeking to push up the price of crude by cutting production say participants appear to be exceeding pledges to reduce output. Russia and 10 other nations outside OPEC agreed with the 13 members of the Organization of the Petroleum Exporting Countries in December to take a total of 1.8 million barrels of oil a day from the global market within the first half of this year. Russian energy minister Alexander Novak says participants already [Read more]
Baytex Announces Closing of Peace River Acquisition
CALGARY, ALBERTA--(Marketwired - Jan. 20, 2017) - Baytex Energy Corp. ("Baytex") (TSX:BTE)(NYSE:BTE) announces the closing of its previously announced acquisition of heavy oil assets located in the Peace River area of northern Alberta. Cash consideration for the acquisition of $65 million (net of adjustments) was funded by drawing on Baytex's revolving credit facilities. The assets are located immediately adjacent to our existing Peace River lands, add approximately 3,000 boe/d of production [Read more]
Trump’s ‘America first’ tone worries head of Canadian oil and gas industry group
CALGARY - The president of the Canadian Association of Petroleum Producers says the protectionist sentiments expressed in U.S. President Donald Trump's inauguration speech are a "wakeup call" for Canada. Tim McMillan says Canada is sometimes not "front of mind" when its largest trading partner makes policy changes and it must therefore be alert and quick to remind the U.S. when their policies will hurt Canada. In his 17-minute speech, Trump often referred to protecting American [Read more]
Pembina Pipeline Corporation Announces Closing of $600 Million Public Note Offering
CALGARY, Jan. 20, 2017 /CNW/ - Pembina Pipeline Corporation ("Pembina" or the "Company") (TSX: PPL, NYSE: PBA) is pleased to announce that it has closed its previously announced offering of $600 million of senior unsecured medium-term notes (the "Offering"). The Offering was conducted in two tranches consisting of $300 million in senior unsecured medium-term notes, series 8 (the "Series 8 Notes") having a fixed coupon of 2.99% per annum, paid semi-annually, and maturing on January 22, 2024, and [Read more]
Northern Blizzard Resources Inc. Announces Increase and Extension to Substantial Issuer Bid
CALGARY, Jan. 19, 2017 /CNW/ - Northern Blizzard Resources Inc. ("Northern Blizzard" or the "Company") (TSX:NBZ) announces that it is increasing the number of its common shares ("Shares") eligible under its previously announced substantial issuer bid (the "Offer") to up to $90.0 million of its Shares at a purchase price of $4.00 per Share, for a maximum of 22,500,000 Shares. As of January 19, 2017, there were 123,505,757 Shares issued and outstanding, and accordingly, the Offer is now for up to [Read more]
Delphi Energy Corp. Announces Changes to Senior Management
CALGARY, ALBERTA--(Marketwired - Jan. 19, 2017) - Delphi Energy Corp. (TSX:DEE) ("Delphi" or the "Company") is announcing changes to its leadership team effective immediately. John Behr has been promoted to Vice-President, Geosciences. Mr. Behr has been with the Company for over three years, most recently in the position of Manager, Geosciences. Mr. Behr has successfully analyzed, explored and exploited a wide variety of strategic assets within the Western Canadian Sedimentary Basin for over [Read more]
Anterra Announces Extension of CCAA Protection Until April 14, 2017
CALGARY, ALBERTA--(Marketwired - Jan. 19, 2017) - Anterra Energy Inc. ("Anterra" or the "Company") (TSX VENTURE:AE.A) announces that the Court of Queen's Bench of Alberta, Judicial Centre of Calgary (the "Court") has granted an extension until April 14, 2017 of the stay of proceedings granted in the Initial Order dated May 6, 2016 pursuant to which Anterra was granted creditor protection under the Companies' Creditors Arrangement Act (Canada) (the "CCAA"). The extension was supported by [Read more]
Alberta business owners adapting to economic conditions says ATB
EDMONTON, Jan. 19, 2017 /CNW/ - As ATB Financial reported last month, optimism among Alberta entrepreneurs is on the rise. Still, the economic downturn has had a significant impact on a majority of small and mid-sized enterprises (SMEs) in the province. According to the latest ATB Business Beat survey, many Alberta SMEs have had to adapt to the times by changing the way they do business. Some of the changes businesses have made to make it through the downturn included: Cutting down on [Read more]