TSX, NYSE: BXE - CALGARY, Aug. 9, 2016 /CNW/ - Bellatrix Exploration Ltd. ("Bellatrix" or the "Company") (TSX, NYSE: BXE) is pleased to announce that it has closed its previously announced bought deal financing (the "Offering") through a syndicate of underwriters (the "Underwriters") led by National Bank Financial Inc., pursuant to which the Company has issued and sold $50 million aggregate principal amount of 6.75% extendible unsecured subordinated convertible debentures (the "Debentures") at a [Read more]
Headlines
TORC Oil & Gas Ltd. Announces Second Quarter 2016 Financial & Operational Results
CALGARY, Aug. 9, 2016 /CNW/ - TORC Oil & Gas Ltd. ("TORC" or the "Company") (TSX: TOG) is pleased to announce its financial and operating results for the three and six months ended June 30, 2016. The associated management's discussion and analysis ("MD&A") and unaudited interim financial statements as at and for the three and six months ended June 30, 2016 can be found at www.sedar.com and www.torcoil.com. Highlights Three months ended Six months ended [Read more]
Sproule Academy Continuing Education – Counterparty Risk Assessment
Counterparty Risk Assessment has always been an important tool but became even more important with the 2008 Financial Crisis, as well as in today’s challenged economic environment where numerous counterparties are defaulting. Establishing a routine methodology to conduct Counterparty Risk Assessment is essential for companies to mitigate financial and performance default risk and risk of key suppliers or even entities such as Engineering Procurement Construction Management (EPCM) entities, who [Read more]
Journey reports a series of transactions to transition the company to a lower operating cost growth business; Reports second quarter 2016 financial results and an upward revision to first quarter reported financial results
CALGARY, Aug. 8, 2016 /CNW/ - Journey Energy Inc. (JOY – TSX) ("Journey" or the "Company") is pleased to announce significant progress in its efforts to transform our asset base into a more focused lower operating cost core in order to position the company for rapid growth beginning in 2017. Over the last two months Journey has closed (or is in the process of closing) six transactions, and expects to close an additional two transactions by mid-September. Journey also announces its financial [Read more]
Pembina Pipeline Corporation Announces $500 Million Public Note Offering
CALGARY, Aug. 8, 2016 /CNW/ - Pembina Pipeline Corporation ("Pembina" or the "Company") (TSX: PPL, NYSE: PBA) announced today that it has agreed to issue $500 million of senior unsecured medium-term notes (the "Offering"). The notes carry a fixed coupon of 3.71 percent per annum, paid semi-annually, and mature on August 11, 2026 (the "Series 7 Notes"). Closing of the Offering is expected to occur on August 11, 2016 and the net proceeds will be used to repay short-term indebtedness of the [Read more]
Inter Pipeline Announces $1.35 Billion Acquisition of Canadian NGL Midstream Business
CALGARY, ALBERTA--(Marketwired - Aug. 8, 2016) - Inter Pipeline Ltd. ("Inter Pipeline") (TSX:IPL) is pleased to announce that it has entered into an agreement to acquire the shares of The Williams Companies Inc.'s and Williams Partners L.P.'s Canadian natural gas liquids ("NGL") midstream businesses ("Williams Canada") for cash consideration of $1.35 billion, subject to closing adjustments. The transaction is expected to close in the third quarter of 2016 and is subject to approval under the [Read more]
Low oil prices keep oilsands project shuttered long after wildfire put out
CALGARY - One of Canada's oldest oilsands projects, which was shut down during the wildfires in Fort McMurray, Alta., will remain closed until benchmark oil prices rise above US$50 per barrel, its operator said Monday. The Hangingstone thermal oilsands project, operated by Japan Canada Oil Sands Ltd. since 1999, was shuttered in May as a precaution when staff were evacuated due to the wildfires. Satoshi Abe, the company's executive vice-president, said the facility won't be [Read more]
Trump campaign: If elected, he’d ask TransCanada Corp. to reapply for Keystone XL
WASHINGTON - Bleeding support from his own party, Donald Trump attempted to salve the gusher Monday with the balm of traditional Republican economic medicine: wide-ranging deregulation and tax cuts. The Republican nominee proposed a plan to shrink government and grow the economy with an across-the-board regulatory reduction and tax cuts that would apply to wealthy estates, companies and several classes of individuals. He would end American participation in the global climate [Read more]
National Energy Board opens hearings on Energy East Pipeline in New Brunswick
SAINT JOHN, N.B. - TransCanada Corp. stressed its commitment to the safety of oil shipments as three days of hearings into the proposed $15.7 billion Energy East pipeline project opened in New Brunswick on Monday. "We are committed to delivering this oil safely, responsibly, and reliably, and our goal is to have zero incidents," said John Van der Put, vice president of eastern oil pipeline projects for TransCanada Corp. (TSX:TRP). He told a three-member National Energy Board [Read more]
Suncor ponders “stranding” oil sands reserves: humbly adjusting to the lowest common denominator, with spectacular results
A sad story appeared in the news the other day, in the business section of all places. Not comically sad like earthquakes or pet hamster deaths, more like the demoralizing sadness one gets when hearing an interview with a Wall Street banker. The sense that the wrong people are winning. In this instance, the disheartening story was how Suncor Energy, a major Canadian oil sands producer and general all around fossil fuel company, made headlines by announcing that it would be prepared to “strand” [Read more]