CALGARY, Feb. 12, 2020 /CNW/ - Bonterra Energy Corp. (www.bonterraenergy.com) (TSX: BNE) ("Bonterra" or the "Company") today announces that the Company's Board of Directors has approved an initial 2020 capital budget set at approximately $70 million, while also sharing key operational highlights from 2019, and providing the summary results of its independent reserve report (the "Sproule Report") prepared by Sproule Associates Limited ("Sproule") with an effective date of December 31, [Read more]
Headlines
Manitoba government seeking injunction against rail blockade outside Winnipeg
WINNIPEG - The Manitoba government is going to seek a court injunction to end a rail-line blockade west of Winnipeg. The blockade is one of many protests across the country over a Coastal GasLink natural gas pipeline in northern British Columbia that would cross the traditional territory of the Wet'suwet'en First Nation. Protesters uploaded video on social media showing the Winnipeg blockade stopping trains in both directions on a main east-west Canadian National line. Premier Brian [Read more]
Horgan says pipeline protests at legislature left him ‘despondent’
VICTORIA - Premier John Horgan says anti-pipeline protests that saw hundreds of people block entrances to the B.C. legislature are unacceptable. Horgan says he cancelled a scheduled Tuesday afternoon news conference because he needed 24 hours to consider his thoughts after witnessing hundreds of people hurling abuse and blocking entrances to the legislature. The premier says after reflection he believes the government must continue to carry on with its agenda of reconciliation with [Read more]
Alberta, First Nation in war of words as Teck oil mine decision nears
EDMONTON - Alberta's Indigenous relations minister says a last-minute war of words with a First Nations leader over a multibillion-dollar oilsands mine is a case of bare-knuckle bargaining. Rick Wilson says he hopes the spat with Athabasca Chipewyan Chief Allan Adam doesn't hurt a federal decision on whether to green light the $20.6-billion Teck Resources Frontier project in northern Alberta. "He (Adam) is a negotiator. He sees a spot where maybe he could get a little extra cash for his [Read more]
Heavy discount widens as protests slow rail traffic
Canadian heavy crude's discount versus U.S. benchmark West Texas Intermediate (WTI) crude widened on Wednesday as protests slowed the country's rail shipments. Western Canada Select (WCS) heavy blend crude for March delivery in Hardisty, Alberta, was trading at $16.85 per barrel below WTI, according to NE2 Canada Inc, wider than Tuesday's settle of $16 under. Protests related to the Coastal GasLink pipeline continued for a sixth day. Oil producer Cenovus Energy said the blockades could [Read more]
Birchcliff Energy Ltd. Announces Unaudited 2019 Year-End and Fourth Quarter Results and 2019 Reserves Highlights
CALGARY - Birchcliff Energy Ltd. (“Birchcliff” or the “Corporation”) (TSX: BIR) is pleased to announce its unaudited 2019 year-end and fourth quarter financial and operational results and highlights from its independent reserves evaluations effective December 31, 2019. Jeff Tonken, President and Chief Executive Officer of Birchcliff commented: “2019 was an excellent year for Birchcliff. We executed on our capital plan, achieving record annual average production of 77,977 boe/d and record low [Read more]
Why are indigenous groups protesting a Canada gas pipeline?
Protests broke out in many parts of Canada over the past week, triggered by arrests of dozens of protesters on traditional indigenous land along a route for TC Energy Corp's planned Coastal GasLink pipeline. The demonstrations have disrupted freight and passenger rail and Canadian Prime Minister Justin Trudeau on Wednesday urged protesters to find a quick solution. WHAT ARE THE PROTESTS ABOUT? The flashpoint was police arrests that started last week in northern British Columbia of [Read more]
Government appoints special mediator in Regina oil refinery labour dispute
REGINA - The Saskatchewan government has appointed a special mediator in a contract dispute that has dragged on more for more than two months at a Regina oil refinery. Labour Minister Don Morgan says veteran arbitrator Vince Ready will try to help the refinery owner and the union for about 700 workers reach an agreement. Federated Co-operatives Ltd. locked out workers Dec. 5 when Unifor Local 594 issued strike notice. Pensions are the main sticking point in the contract fight. Ready, [Read more]
Trudeau urges quick end to protests blocking rail lines
Canadian Prime Minister Justin Trudeau on Wednesday urged those blocking rail lines in protest against the construction of a natural gas pipeline to find a quick solution, as police warned they were ready to step in and end the standoff. Anti-pipeline protesters near tracks in Ontario, Canada's most populated province, disrupted passenger trains and goods transportation for a sixth straight day on Wednesday. The Ontario blockade of the Canadian National Railway (CN) line is in support of [Read more]
Oil jumps as slowdown in new China coronavirus cases eases fuel demand concerns
Oil prices climbed on Wednesday as China reported its lowest daily number of new coronavirus cases since late January, stoking investor hopes that fuel demand in the world's second-largest oil consumer may begin to recover from the epidemic. U.S. West Texas Intermediate (WTI) rose $1.45, or 2.9%, to $51.94 a barrel. Brent crude was up $1.72, or 3.16%, at $55.88 per barrel. According to data through Tuesday, the growth rate of new coronavirus cases in China has slowed to the lowest [Read more]