CALGARY, ALBERTA--(Marketwired - Dec. 2, 2016) - Cardinal Energy Ltd. ("Cardinal") (TSX:CJ) is pleased to announce that Dale Orton, P. Eng. will join its management team in a Vice President capacity effective December 1, 2016. Mr. Orton has in excess of 20 years of experience in numerous aspects of the oil and gas industry focusing on reservoir exploitation, business development, and operations, within both large and junior public oil and gas companies. Mr. Orton can be reached at [Read more]
Headlines
Tervita Corporation Announces Commencement of an Offering of Senior Secured Notes by Tervita Escrow Corporation
CALGARY, ALBERTA--(Marketwired - Dec. 2, 2016) - Tervita Corporation ("Tervita") announced today that Tervita Escrow Corporation (the "Escrow Issuer") has commenced an offering of US$ senior secured notes due 2021 (the "Notes") in an aggregate principal amount to yield C$ 475 million. The Escrow Issuer is a wholly owned subsidiary of Tervita. Proceeds from the offering of the Notes are expected to be used to finance the previously announced recapitalization transaction (the "Recapitalization [Read more]
Sunshine Oilsands Ltd.: Announcement of Closing of Private Placement of the Remaining 98,453,334 Common Shares Under Specific Mandate
HONG KONG, CHINA and CALGARY, ALBERTA--(Marketwired - Dec. 2, 2016) - The Board of Directors of Sunshine Oilsands Ltd. (the "Corporation" or "Sunshine") (HKEX:2012) wishes to announce the following: Closing of Private Placement under Specific Mandate Reference is made to the announcements of the Corporation dated June 1, 2015, July 28, 2015, August 21, 2015, October 1, 2015, November 2, 2015, December 6, 2015, March 2, 2016, May 3, 2016, June 3, 2016, June 23, 2016, July 21, 2016, August [Read more]
The carbon tax isn’t about social license for pipelines, but the pipeline approvals are about social license for the carbon tax
In Stephen Harper's time as Prime Minister, four major pipeline projects were approved and built totalling over 1 million barrels per day of capacity (original Keystone, Line 9B Reversal, Trans Mountain Anchor Loop, and Alberta Clipper). All of these pipelines were approved and built without a carbon tax and with conservative governments provincially and federally. We also had Keystone XL approved within Canada and blocked only due to an anti-oil administration in the US. That project now [Read more]
Canadian Spirit Resources Inc. Announces Private Placement
CALGARY, ALBERTA--(Marketwired - Dec. 1, 2016) - Canadian Spirit Resources Inc. ("CSRI" or the "Corporation") (TSX VENTURE:SPI)(OTCBB:CSPUF) is pleased to announce that it is proposing to undertake, subject to TSX Venture Exchange approval, a non-brokered private placement offering of $500,000. The private placement will be comprised of 4,166,668 units of the Corporation ("Units") at a price of $0.12 per Unit. The offering is expected to close by the middle of December 2016. Each Unit will [Read more]
Enbridge Inc. and Enbridge Income Fund Holdings Inc. Announce Close of $1.075-billion Sale of South Prairie Region Assets
CALGARY, ALBERTA--(Marketwired - Dec. 1, 2016) - Enbridge Inc. (TSX:ENB)(NYSE:ENB) ("Enbridge" or the "Company") together with Enbridge Income Fund Holdings Inc. (TSX:ENF) ("ENF") announced today that an affiliate of Enbridge Income Fund (the "Fund") has closed its previously announced sale of the Fund's South Prairie Region assets (the "Assets") to Tundra Energy Marketing Limited ("TEML") for $1.075 billion in cash. The Assets sold are liquids pipelines and related facilities in southeast [Read more]
Cenovus appoints Claude Mongeau to Board of Directors
CALGARY, AB --(Marketwired - December 01, 2016) - Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE) today announced the appointment of Claude Mongeau to its Board of Directors effective immediately. Mr. Mongeau was with Canadian National Railway Company for 22 years, including serving as the company's President & Chief Executive Officer for six and a half years before he stepped down from his role in July 2016. Mr. Mongeau has also held a number of other senior leadership roles during his business [Read more]
B.C. plans to use ‘fair share’ pipeline money on environmental fund
VICTORIA - Premier Christy Clark says British Columbia will create an environmental fund with money that it expects to receive as part of a deal to support Kinder Morgan's pipeline expansion project. Clark said Thursday one of B.C.'s conditions for her government's acceptance of the $6.8 billion Trans Mountain project involves negotiating a fair share agreement with the energy company that reflects the risks associated with an oil pipeline and increased marine tanker traffic. [Read more]
PrairieSky Announces Royalty Transactions
CALGARY, ALBERTA--(Marketwired - Dec. 1, 2016) - PrairieSky Royalty Ltd. ("PrairieSky" or the "Company") (TSX:PSK) is pleased to announce that it has completed 4 separate acquisition transactions for aggregate consideration of $117.3 million, representing approximately 460 BOE per day (83% liquids) of high quality royalty production and over 100,000 acres of mineral title and royalty lands. In the two largest transactions PrairieSky acquired a combined 3.95% royalty interest at Onion Lake, [Read more]
BlackPearl Announces the Sale of a Royalty Interest on Its Onion Lake Property for $55 Million
CALGARY, ALBERTA--(Marketwired - Dec. 1, 2016) - BlackPearl Resources Inc. ("BlackPearl" or the "Company") (TSX:PXX)(OMX:PXXS) is pleased to announce it has completed the sale of a minor gross overriding royalty interest on its Onion Lake property for $55 million. Under the terms of the agreement BlackPearl sold an approximate 1.75% royalty on production from substantially all of its Onion Lake lands. BlackPearl currently has conventional and thermal production of approximately 8,000 barrels [Read more]