The Democratic Party’s 2016 platform has done away with calls for an “all of the above” energy policy, instead embracing a goal of getting half of America’s power from “clean energy” within a decade. The phrase “all of the above” does not appear once in the 2016 platform, but the phrase “clean energy,” referring to wind and solar power, appears 27 times and references positive phrases such as “jobs,” “economy,” “superpower,” and “leadership.” The document dedicates an entire section of its [Read more]
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More Saskatchewan towns take precautions in advance of oil slick’s arrival
MELFORT, Sask. - Husky Energy knew something might be wrong with one of its oil pipelines about 14 hours before it told the Saskatchewan government of a leak which has since forced communities along the North Saskatchewan River to seek alternative drinking water. In an update posted to its website Tuesday, the company said its monitoring detected "pressure anomalies" last Wednesday at 8 p.m. as several segments of the pipeline were being returned to service. Such a thing is common when [Read more]
Energy Strength Offsets Metal Weakness: Scotiabank
TORONTO, ON--(Marketwired - July 26, 2016) - Scotiabank's Commodity Price Index advanced by 3.3% m/m in June as energy gains offset further losses in the metals space. Commodities have broadly broken into two fairly distinct groups: one driven by demand considerations and thus particularly vulnerable to currently fragile global economic conditions, and one where commodity-specific supply concerns have lifted prices off recent lows. The Oil & Gas index increased by 10.4% m/m in June, but [Read more]
Seven Generations Closes $748 Million Equity Financing
CALGARY, ALBERTA--(Marketwired - July 26, 2016) - Seven Generations Energy Ltd. (TSX:VII) (Seven Generations or 7G) has closed its previously announced bought-deal equity financing raising gross proceeds of $747,666,750 by issuing 30,705,000 subscription receipts for $24.35 each, which included 4,005,000 subscription receipts issued pursuant to the fully exercised over-allotment option granted to the syndicate of underwriters. Each subscription receipt entitles the holder thereof to receive, [Read more]
Manitok Energy Inc. Announces Closing Non-Brokered Private Placement of Subscription Receipts
CALGARY, ALBERTA--(Marketwired - July 26, 2016) -Manitok Energy Inc. ("Manitok" or the "Corporation") (TSX VENTURE:MEI) is pleased to announce that on July 25, 2016, Manitok closed its previously announced non-brokered private placement offering of subscription receipts (the "Subscription Receipts") at a p rice of $0.18 per Subscription Receipt (the "Private Placement"). Under closing of the Private Placement, Manitok issued 8,333,334 Subscription Receipts for aggregate gross proceeds of $1.5 [Read more]
Wall leads charge on opposing Trudeau’s federal carbon tax
Friday's conclusion of the Council of the Federation Summer Meeting saw many politicians take to the microphone to voice opposition to Trudeau's desire for a federal carbon tax. Take Novia Scotia. Instead of going along with Trudeau's carbon tax plan, Premier Stephen McNeil highlighted the province's choice to impose its own tax through Nova Scotia's power grid to achieve emission targets. And Nova Scotia isn't alone in seeking a course of action different from Trudeau's. In the Yukon, [Read more]
Clearview Resources Ltd. Announces Non-Brokered Private Placement
CALGARY, ALBERTA--(Marketwired - July 25, 2016) - Clearview Resources Ltd. ("Clearview") is please to announce that it intends to complete a non-brokered private placement of $5,000,000 of voting common shares at a price of $4.50 per share. The offering is being marketed by Clearview to existing shareholders and is anticipated to close on or about August 4, 2016. The net proceeds of the offering will be used for general corporate purposes. Information regarding Clearview is available on [Read more]
Saturn Minerals Inc. Announces Flow-Through Private Placement
VANCOUVER, BRITISH COLUMBIA--(Marketwired - July 25, 2016) - Saturn Minerals Inc. (TSX VENTURE:SMI)(FRANKFURT:SMK) ("Saturn" or the "Company") is pleased to announce a flow-through financing as follows: 5,500,000 flow-through units at a price of $0.09 per unit (the "FT Unit"). Each FT Unit consists of one flow-through common share (the "FT Shares") and 0.3636 non flow-through share purchase warrants (the "FT Warrants"). Each FT Warrant will entitle the holder to purchase one additional non [Read more]
Zargon Oil & Gas Ltd. Announces Sale of Zargon’s Southeast Saskatchewan Assets for $89.5 Million
CALGARY, ALBERTA--(Marketwired - July 25, 2016) - Zargon Oil & Gas Ltd. (the "Company" or "Zargon") (TSX:ZAR)(TSX:ZAR.DB) has entered into a definitive agreement for the sale of all of its Southeast Saskatchewan assets for cash consideration of $89.5 million, subject to normal closing adjustments. The effective date of the transaction is July 1, 2016 and the transaction is expected to close in early September. The assets have the following attributes: Production: 1,211 barrels of oil [Read more]
TORC Oil & Gas Announces Strategic Acquisitions in Southeast Saskatchewan, Bought Deal Financing, Concurrent Private Placement to Cornerstone Investor and Increase to 2016 Production Guidance
CALGARY, ALBERTA--(Marketwired - July 25, 2016) - TORC Oil & Gas Ltd. ("TORC" or the "Company") (TSX:TOG) is pleased to announce that it has entered into an agreement with an independent Canadian oil and gas company to acquire high quality, light oil assets which are complementary to TORC's existing assets in southeast Saskatchewan. The strategic acquisition (the "SE Saskatchewan Acquisition") includes 1,120 boepd (~95% light oil and liquids) of low decline, high netback, light oil producing [Read more]