Reality hit ideology very hard after the NDP assumed governance in Alberta. The band of (former) anti-industry politicians sure seemed to change their tune after being elected 1.5 years ago. The BOE Report team assembled some troubling tweets from NDP MLAs prior to their being elected. Their tone was severely anti oil and gas development. Environment Minister Shannon Phillip's had some particularly troubling statements about the oil business. Among her tweets include: comparing Enbridge's [Read more]
Headlines
Wildrose members give leader mandate to fight to end Alberta carbon tax
RED DEER, Alta. - Wildrose party members have given Official Opposition Leader Brian Jean a mandate to fight Alberta's looming carbon tax. Party rank and file, voting at the annual general meeting in Red Deer on Saturday, overwhelmingly endorsed a change to the policy manual in order to promise the Wildrose will repeal the $3-billion-a-year tax should it win power. "The members have ratified exactly our position on a very bad and regressive tax," Jean said later in an interview. [Read more]
Lightstream Moves to Second Phase of CCAA Sale Procedures and Confirms Delisting from Toronto Stock Exchange
CALGARY, ALBERTA--(Marketwired - Oct. 28, 2016) - Lightstream Resources Ltd. (the "Company" or "Lightstream") announces that the first phase of the sale procedures ("Sale Procedures") under the Companies' Creditors Arrangement Act ("CCAA") in which non-binding indications of interest were received and considered has concluded and, accordingly, qualified bidders will move to the second phase of the sale procedures. The qualified bidders include the ad hoc committee ("Ad Hoc Committee") of holders [Read more]
Questerre announces successful private placement
CALGARY, Oct. 28, 2016 /CNW/ - " [Read more]
Imperial Oil Q3 profit edges above $1 billion, thanks to sale of gas stations
CALGARY - Lower production due in part to unexpected repair work at Canada's newest oilsands mine was offset by near-record high production at one of its oldest in the third quarter, Imperial Oil (TSX:IMO) reported Friday. The Calgary-based company said its Kearl mine project averaged 159,000 barrels per day of bitumen in the three months ended Sept. 30, down 12 per cent from 181,000 bpd in the same period last year. Two financial analysts said in notes to investors that Imperial [Read more]
Cequence Energy announces closing of $10 million flow-through share offering
CALGARY, Oct. 28, 2016 /CNW/ - Cequence Energy Ltd. ("Cequence") (TSX: CQE) is pleased to announce that it has closed its previously announced private placement of 34,500,000 common shares which were issued on a "flow-through" basis pursuant to the Income Tax Act (Canada) (the "Flow-Through Shares") at a price of $0.29 per Flow-Through Share for aggregate gross proceeds of approximately $10 million. The offering was conducted through a syndicate of agents that was led by Peters & Co. Limited [Read more]
NuVista Energy Ltd. Announces Closing of Equity Financing
CALGARY, ALBERTA--(Marketwired - Oct. 28, 2016) - NuVista Energy Ltd. ("NuVista") (TSX:NVA) is pleased to announce that it has closed its previously announced public offering of 15,111,000 common shares (the "Common Shares") of which 1,971,000 Common Shares were issued pursuant to the full exercise of the over-allotment option granted to the underwriters, at a price of $6.85 per Common Share for aggregate gross proceeds of approximately $103.5 million. The syndicate of underwriters was co-led by [Read more]
Imperial earns $1 billion in third quarter of 2016
Sale of company-owned retail sites is progressing as planned; gain of $716 million in the third quarter Upstream unit cash costs down 35 percent versus 2014, averaging less than US$20 per barrel Record high petroleum product sales of 505,000 barrels per day CALGARY, Oct. 28, 2016 /CNW/ - Third quarter Nine months (millions of Canadian dollars, unless noted) 2016 2015 % 2016 2015 % Net [Read more]
Motion on carbon tax on agenda as Wildrose party holds annual general meeting
RED DEER, Alta. - Wildrose Leader Brian Jean, in a rousing speech Friday to party members, lamented an Alberta he says has been driven to dysfunction and dystopia by Premier Rachel Notley's NDP government. And he implored party members to drive a symbolic stake through the heart of the NDP's carbon tax. "There is nothing compassionate about a cold, removed, and centralized government more interested in paperwork than taking care of the needs of our neighbours, our friends, (and) [Read more]
Police begin arresting Dakota Access pipeline protesters
CANNON BALL, N.D. — Law enforcement officers wearing riot gear and firing bean bags and pepper spray on Thursday ousted protesters from a camp on private land in the path of the Dakota Access oil pipeline. Hundreds of armed state and local police and National Guard — some on foot and others driving trucks, military Humvees and buses — began the operation at midday and slowly enveloped the camp, arresting more than a dozen protesters who refused to leave. There were no serious injuries, [Read more]