Canada's economy was unexpectedly unchanged in July, following four months of growth, as the country's mining, quarrying and oil and gas extraction sectors contracted, Statistics Canada data showed on Tuesday.Analysts in a Reuters poll had predicted an increase of 0.1% in July following a 0.2% increase in June. Overall, 12 of the 20 industrial sectors monitored expanded on the month, while eight declined, the national statistics agency said. Tuesday's data comes as Canada is in [Read more]
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Witness the Future of Pipeline Data Management
On October 24, GDM Pipelines will be hosting a showcase of innovative technologies that are transforming pipeline data management, and we'd love for you to join us! Here's what you can expect... As we enter 2020, oil and gas companies are continuing to look for ways to streamline operations. More and more, this includes strategies to leverage data to its full potential, ultimately creating efficiencies across the entire organization. From in-field data collection, to storing and maintaining [Read more]
Razor Energy Corp. Announces Flow-Through Share Private Placement for its Renewable Geothermal Power Project
CALGARY, Oct. 1, 2019 /CNW/ - Razor Energy Corp. ("Razor" or the "Company") (TSXV: RZE) is pleased to announce it has entered into an agreement with GMP FirstEnergy on behalf of a syndicate of agents (collectively, the "Agents") pursuant to which the Agents have agreed to market, on a "best efforts" private placement basis, up to 2,702,800 Common Shares that will qualify as "flow-through shares" (within the meaning of subsection 66(15) of the Income Tax Act (Canada)) ("Flow-Through Shares"). The [Read more]
Last Chance to Sign Up for the Free Hockey Pool for the Oil and Gas Industry
Free hockey draft put on by OSY Rentals, Rival Hydrovac, and BOE Report. Deadline to enter is Wednesday, October 2nd. Takes less than 2 minutes to complete No need of hockey knowledge (pick one player from a box grouped with players of the same level) Weekly prizes for the winner and loser Random weekly prizes Grand Prize of 2 tickets, flights and hotels to any NHL playoff game Who Won Last Year? Last year’s winner was WEAK SAUCE. They made their way down to Boston for round [Read more]
Pengrowth Announces 31 Day Extension of its Debt Maturities
– Pengrowth has reached an agreement for a 31 day extension of the maturity date under its secured revolving credit facility (the “Credit Facility”) and under its October 2019 secured notes. – Pengrowth remains in ongoing discussions with its key senior debtholders regarding an overall transaction to address maturities under its Credit Facility and Secured Notes and put Pengrowth on a stronger footing to maximize value for all stakeholders. – Pengrowth will continue operating its free cash [Read more]
Baytex Releases 2018 Corporate Sustainability Report
CALGARY, Alberta, Sept. 30, 2019 (GLOBE NEWSWIRE) -- Baytex Energy Corp. (“Baytex”)(TSX, NYSE: BTE) has published its fourth biennial corporate sustainability report, demonstrating our commitment to transparency and accountability, and our progress in managing the environmental and social impacts of our business. The report is available on Baytex’s website at www.baytexenergy.com. Highlights 76% reduction in corporate spill volumes over five years 99.1% routine gas conservation in [Read more]
Journey Energy Inc. Announces Equity Financing and Term Debt Extension
CALGARY, Sept. 30, 2019 /CNW/ - Journey Energy Inc. (JOY – TSX) ("Journey" or the "Company") today announced two significant financial transactions improving its balance sheet and liquidity. Non-brokered private placement Journey has entered into a non-brokered, private placement for $7.3 million of flow through common shares (within the meaning in the Income Tax Act (Canada) (the "Flow-Through Shares"). 2.8 million Flow-Through Shares were issued at a price of $2.60 per share, representing [Read more]
Connacher Oil and Gas Limited Announces Effectiveness of Its Restructuring Plan
CALGARY, Sept. 30, 2019 /CNW/ - Connacher Oil and Gas Limited ("Connacher" or the "Company") is pleased to announce the effectiveness of the Company's Amended and Restated Plan of Compromise and Arrangement dated July 16, 2019 (the "Plan"), which, as previously announced, was sanctioned by the Court of Queen's Bench of Alberta (the "Court") on July 16, 2019 in the Company's proceedings under the Companies' Creditors Arrangement Act (the "CCAA"). Upon effectiveness, which occurred as of September [Read more]
Eagle Energy Inc. Announces Conditional Approval of the Listing of Eagle by the TSX Venture Exchange
Further to the August 14, 2019 news release of Eagle Energy Inc. ("Eagle") regarding its application to transfer its listing to the TSX Venture Exchange (the "TSX-V") from the Toronto Stock Exchange ("TSX"), Eagle announces that the TSX-V has conditionally approved the listing of Eagle as a Tier 2 Oil and Gas Issuer subject to receiving final administrative items and undertakings from Eagle. Eagle is working to complete and submit these items as soon as possible. The exact timing for the [Read more]
Pieridae and AIMCo Agree to Extend Term Loan and Convertible Debenture Maturity
CALGARY, Alberta, Sept. 30, 2019 (GLOBE NEWSWIRE) -- Pieridae Energy Limited (Pieridae or the Company) (TSXV: PEA) announces that Alberta Investment Management Corporation, on behalf of certain of its clients, and Pieridae have agreed to extend the maturity date of both (a) the $50 million senior secured term loan facility (the “Term Loan”), as described in the news release issued by the Company on December 18, 2018, and (b) the $10 million secured convertible debenture, as described in the news [Read more]