CALGARY, AB and DULUTH, MN - Today Minnesota Pollution Control Agency announced approvals for Enbridge's Line 3 project, including the 401 Water Quality Certification. Also, today the Minnesota Department of Natural Resources released the final eight permits for the project. "Clearly this is a big day for Line 3 in Minnesota," said Leo Golden Vice President of Line 3 Execution. "These authorizations and approvals are an important step towards construction for this safety and maintenance [Read more]
Headlines
Decarbonization: Is it affordable for the US and Canada?
The impact of the Biden plan to decarbonize and build a clean energy economy on the Canadian economy is coming into greater focus. Already, a great deal of attention is turning to Keystone XL. It has been identified as a high-profile target for Biden’s administration and he will likely carry out his campaign promise to cancel the pipeline. The point has been made that Keystone is perhaps no longer necessary with demand at its lowest levels in history. In the face of the pandemic, Alberta [Read more]
Pieridae announces third quarter results
Key Financial Metrics Increased Year-Over-Year During Ongoing Market Volatility Highlights: Revenue (net of royalties) of $54.6 million in Q3 2020, an increase of $41.4 million or 315% compared to Q3 2019 Net operating income1 (“NOI”) increased by $2.1 million or 76% compared to Q3 2019 Adjusted Funds Flow From Operations1 (“AFFO”) increased by $0.9 million or 13% compared to Q3 2019 Q3 2020 average production was 38,209 barrels of oil equivalent per day (“boe/day”), an increase [Read more]
InPlay Oil Corp. announces third quarter 2020 financial and operating results
CALGARY, Alberta - InPlay Oil Corp. (TSX: IPO) (OTCQX: IPOOF) (“InPlay” or the “Company”) is pleased to announce its financial and operating results for the three and nine months ended September 30, 2020. InPlay’s condensed unaudited interim financial statements and notes, as well as management’s discussion and analysis (“MD&A”) for the three and nine months ended September 30, 2020 will be available at “www.sedar.com” and our website at “www.inplayoil.com.” An updated presentation will also [Read more]
Canadian Natural Resources Limited prices $800 Million in 3 and 7-year medium-term notes
CALGARY, Alberta - Canadian Natural Resources Limited announces Limited ("Canadian Natural" or the “Company”) announces that on November 12, 2020, it priced the following medium-term notes which were sold to investors in Canada: Note / Coupon Principal Maturity Price per Note Yield to Maturity 3 year / 1.45% $500,000,000 November 16, 2023 C$99.886 1.489 % 7 year / 2.50% $300,000,000 January 17, 2028 C$99.982 2.503 % RBC Dominion Securities Inc., BMO [Read more]
CER issues $40,000 penalty to Westcoast Energy Inc.
Regulator's enforcement investigation following the 2018 pipeline rupture near Prince George, B.C., found the company didn't follow its integrity management program CALGARY, AB - Today, the Canada Energy Regulator (CER) released full details of the $40,000 Administrative Monetary Penalty (AMP) issued to Westcoast Energy Inc. (a wholly owned subsidiary of Enbridge Inc. that operates as Spectra Energy Transmission) following the 30-day review period. Westcoast received the penalty for failing [Read more]
Prairie Provident Resources announces third quarter 2020 financial and operating results
CALGARY, Alberta - Prairie Provident Resources Inc. ("Prairie Provident", "PPR" or the "Company") today announces our financial and operating results for the three and nine months ended September 30, 2020. PPR’s unaudited condensed interim consolidated financial statements for the three and nine months ended September 30, 2020 (“Interim Financial Statements”) and related Management’s Discussion and Analysis (“MD&A”) for the three and nine months ended September 30, 2020 are available on our [Read more]
Birchcliff Energy Ltd. announces Q3 2020 results, preliminary outlook for 2021 and discovery of extension to the Gordondale light oil pool
CALGARY, Alberta - Birchcliff Energy Ltd. (“Birchcliff” or the “Corporation”) (TSX: BIR) is pleased to announce its financial and operational results for the three and nine months ended September 30, 2020 and its preliminary outlook for 2021. Birchcliff is also excited to announce that it has discovered an extension to the Gordondale light oil pool. “Birchcliff delivered excellent third quarter results, highlighted by quarterly adjusted funds flow of $59.4 million and free funds flow of $28.5 [Read more]
Oil nudges up on hopes OPEC+ will curb supply as COVID-19 cases rise
Oil prices rose on Thursday, taking the week's gains to more than 11% on growing hopes that the world's major producers will hold off on a planned supply increase as soaring cases of COVID-19 dent fuel demand. U.S. West Texas Intermediate (WTI) crude futures climbed 45 cents, or 1.12%, to $41.86 a barrel. Brent crude futures rose 40 cents, or 0.9%, to $44.16 a barrel. Algeria's energy minister said on Wednesday that OPEC+ - grouping the Organization of the Petroleum Exporting Countries [Read more]
Pan Orient Energy Corp. 2020 third quarter financial & operating results
CALGARY, AB - Pan Orient Energy Corp. ("Pan Orient" or the "Company") (TSXV: POE) reports 2020 third quarter consolidated financial and operating results. Please note that all amounts are in Canadian dollars unless otherwise stated and BOPD refers to barrels of oil per day. The Company is today filing its unaudited consolidated financial statements as at and for the nine months ended September 30, 2020 and related management's discussion and analysis with Canadian securities regulatory [Read more]