CALGARY, Nov. 10, 2016 /CNW/ - Cequence Energy Ltd. ("Cequence" or the "Company") (TSX: CQE) is pleased to announce its operating and financial results for the three and nine month periods ended September 30, 2016. The Company's Consolidated Financial Statements and Management's Discussion and Analysis are available at cequence-energy.com and on SEDAR at www.sedar.com. Third Quarter 2016 Highlights Third quarter Company highlights and recent activities include: Achieved average third [Read more]
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DXI Reports Q3 2016 Results
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Nov. 10, 2016) - DXI Energy Inc. (TSX:DXI)(OTCQB:DXIEF) ("DXI" or the "Company"), an upstream oil and gas exploration and production company operating in Colorado's Piceance Basin and the Peace River Arch region in British Columbia, today announced its financial results for the three and nine month periods ended September 30, 2016. 2016 Q3 Key Financial and Operating Highlights are: Completed the final $353,800 tranche of a total $995,800 dual [Read more]
ARC Resources Ltd. Announces $665 Million Capital Program for 2017
CALGARY, Nov. 10, 2016 /CNW/ - (ARX - TSX) ARC Resources Ltd. ("ARC") announced today that its Board of Directors has approved a $665 million capital program for 2017 that focuses on long-term value creation, balance sheet strength, sustainable dividend payments, and the continued development of ARC's low-cost Montney crude oil, liquids-rich, and natural gas assets. ARC's 2017 budget sustains production, funds the completion of the Dawson Phase III gas processing and liquids-handling facility, [Read more]
ARC Resources Ltd. Announces Third Quarter Results and 2017 Budget
CALGARY, Nov. 10, 2016 /CNW/ - (ARX - TSX) ARC Resources Ltd. ("ARC") is pleased to report its third quarter 2016 operating and financial results. Third quarter production averaged 115,205 boe per day and funds from operations totaled $153.0 million ($0.44 per share). ARC's unaudited condensed interim consolidated financial statements and notes ("financial statements"), as well as ARC's Management's Discussion and Analysis ("MD&A") for the three and nine months ended September 30, 2016 and [Read more]
Athabasca Oil Corporation Reports 2016 Third Quarter Results and Closing of the Upsized $257 Million Contingent Bitumen Royalty
CALGARY, ALBERTA--(Marketwired - Nov. 10, 2016) - Athabasca Oil Corporation (TSX:ATH) ("Athabasca" or "the Company") is pleased to provide its 2016 third quarter results and an operations update. Athabasca has closed the previously announced upsized Contingent Bitumen Royalty (the "Royalty") with Burgess Energy Holdings L.L.C. ("Burgess Energy"). Athabasca's strategy positions the Company for strong growth and financial sustainability into the future: Defined and Material Growth in Light [Read more]
Yangarra Announces Third Quarter 2016 Financial and Operating Results
CALGARY, Nov. 10, 2016 /CNW/ - Yangarra Resources Ltd. ("Yangarra" or the "Company") (TSX:YGR) announces its financial and operating results for the three and nine months ended September 30, 2016. Third Quarter 2016 Highlights Production averaged 2,609 boe/d. Cash costs totaled $12.71/boe Operating costs of $6.97/boe. Transportation costs of $1.17/boe. Royalties of $1.14/boe (4% of revenue). G&A costs of $1.58/boe. Finance and interest costs of $1.85/boe. [Read more]
Dakota Protesters Are Facing A New Foe: A Donald Trump Presidency
Protesters’ recent successes fighting the Dakota oil pipeline could come to a screeching halt once President-elect Donald Trump moves into the White House. Trump is no doubt a proponent of building pipelines. He dumped nearly $1 million into Energy Transfer Partners, the company constructing the Dakota Access Pipeline, which was disclosed in Trump’s financial filing to the Federal Election Commission. He has also floated the idea of reviving the Keystone XL line, a Canadian pipeline [Read more]
The random Trump card – it won’t be business as usual, and it might turn out good, depending on what he blows up
It’s hard to comprehend what just happened with the US election, and it is quite likely that Donald Trump is having trouble comprehending what he’s gotten himself into. We all know it’s going to be a bizarre four years, but will they be bizarre in terms of things getting done in government that we’re not used to, or will it be bizarre like what would happen if 5 year olds designed a shopping mall? And, since we are discussing this on the world’s finest energy website, what does it mean for [Read more]
Tourmaline Oil Corp. Announces Closing of $756 Million Equity Financings
CALGARY, Nov. 10, 2016 /CNW/ - Tourmaline Oil Corp. (TSX:TOU) ("Tourmaline" or the "Company") is pleased to announce that it has closed its public offering of 3,309,700 subscription receipts ("Subscription Receipts") at a price of $34.75 per Subscription Receipt, which includes 431,700 Subscription Receipts issued pursuant to the exercise in full of the over-allotment option, for gross proceeds of approximately $115 million (the "Prospectus Offering"). Concurrently with the closing of the [Read more]
Veresen Announces Closing of $350 Million Medium Term Note Offering
CALGARY, ALBERTA--(Marketwired - Nov. 10, 2016) - Veresen Inc. ("Veresen") (TSX:VSN) announced today that it has closed its previously announced offering of $350 million senior unsecured medium term notes, Series 5 (the "Notes"). The Notes have a fixed coupon rate of 3.43% per annum, payable semi-annually, and will mature on November 10, 2021. Veresen intends to use the net proceeds from the sale of the Notes to reduce outstanding indebtedness under its revolving credit facility and for [Read more]