CALGARY, Feb. 22, 2019 /CNW/ - Enerplus Corporation ("Enerplus" or the "Company") (TSX & NYSE: ERF) today reported fourth quarter 2018 cash flow from operating activities of $221.6 million and fourth quarter 2018 net income of $249.3 million, or $1.03 per share. ANNUAL HIGHLIGHTS: 22% liquids production growth year-over-year 44% increase in adjusted funds flow year-over-year Generated free cash flow of $160 million in 2018 Returned $108 million to shareholders in 2018 [Read More…]
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AER Notice: Proceeding ID 377, Encana Corporation, 30 kilometres northwest of Grande Prairie
This notice provides a summary only. For more details, see the notice of hearing for this proceeding at www.aer.ca under Regulating Development > Notices > Hearing Notices. A hearing will be scheduled to consider: Application 1911974 filed by Encana Corporation (Encana) for approval for acid gas disposal in the Belloy aquifer about 30 kilometres northwest of Grande Prairie. See map for more details. Information about the hearing: For a copy of the hearing materials, including [Read More…]
Rally Planned in Support of the Trans Mountain Pipeline
Calgary, AB: Rally 4 Resources and Canada Action will be organizing a rally on Friday, February 22 at 10:00 AM in support of Trans Mountain for NEB announcement. “The Trans Mountain has support from a majority of First Nations along the route, from Premiers and Canadians across the country. The existing pipeline has operated safely and without marine incident since 1956, the expansion will allow Canada to protect the environment and get a better price for our oil.” Said Canada Action [Read More…]
Keyera Corp. Announces 2018 Year End Results
CALGARY, Feb. 21, 2019 /CNW/ - Keyera Corp. (TSX:KEY) ("Keyera") announced its year end 2018 financial results today, the highlights of which are included in this news release. The entire news release can be viewed by visiting Keyera's website at www.keyera.com, or, to view the MD&A and financial statements, visit either Keyera's website or Keyera's filings on SEDAR at www.sedar.com. HIGHLIGHTS Keyera achieved record results in 2018 delivering net earnings of $394 million (2017 – [Read More…]
Pembina Pipeline Corporation Reports Record Annual Results in 2018
Pembina reports record setting annual results following full year contribution from strategic acquisition of Veresen and portfolio of growth projects. All financial figures are in Canadian dollars unless noted otherwise. CALGARY, Feb. 21, 2019 /CNW/ - Pembina Pipeline Corporation ("Pembina" or the "Company") (TSX: PPL; NYSE: PBA) announced today its financial and operating results for the fourth quarter and full year 2018. Operational and Financial Overview ($ [Read More…]
Zargon Oil & Gas Ltd. Announces Appointment of Additional Director
CALGARY, Alberta, Feb. 21, 2019 (GLOBE NEWSWIRE) -- Zargon Oil & Gas Ltd. (the “Company” or “Zargon”) (TSX SYMBOL: ZAR) announces the appointment of Glenn Koach to the Board of Directors effective February 21, 2019. Mr. Koach is currently Co-Founder/Portfolio Manager of Concise Capital Management, LP. (“Concise”). Concise is an SEC-registered investment adviser with currently over $340 million US in assets under management that specializes in short duration, under-followed high yield [Read More…]
‘We didn’t like it at all’: CP Rail CEO objects to Notley’s crude-by-rail deal
The head of Canadian Pacific Railway Ltd. has voiced his displeasure at the idea of Alberta’s $3.7-billion deal with Canada’s two biggest rail companies to ship more crude via rail amid a pipeline crunch squeezing oilsands producers. “So the government steps in, we didn’t like it at all," said Keith Creel, speaking at a conference in Miami on Wednesday. The CEO was referring to Premier Rachel Notley's decision to work out a plan that aims to move up to 120,000 barrels of oil per day by [Read More…]
Cenovus bets on rail to move crude, fearing full pipelines
Cenovus Energy is pressing ahead with aggressive plans to transport more crude by rail, contrasting itself with peers who have hit the brakes, as the Canadian oil producer bets that pipeline bottlenecks are likely to return. Pipeline congestion depressed Canadian oil prices last year, prompting Cenovus and other producers to increase their reliance on rail to move crude to U.S. refineries. Alberta's provincial government imposed mandatory production cuts in January, an unusual step that [Read More…]
Well completion companies report sharp slowdown in fourth-quarter activity
CALGARY - Companies whose services are needed for hydraulic fracturing or "fracking" of oil and gas wells are reporting tough times thanks to a slowdown in drilling in Western Canada in the fourth quarter. Shares in both Trican Well Service Ltd. and Source Energy Services Ltd. trended lower Thursday after the Calgary-based companies reported lower sales in the last three months of 2018. Fracking involves injecting water, sand and chemicals under high pressure to crack tight rock formations [Read More…]
Obsidian Energy Announces Gordon Ritchie to replace Jay W. Thornton as Chairman of the Board of Directors
CALGARY, Feb. 21, 2019 /CNW/ - OBSIDIAN ENERGY LTD. (TSX – OBE, NYSE – OBE.BC) ("Obsidian Energy", the "Company", "we", "us" or "our") announces that Gordon Ritchie will replace Jay W. Thornton as Chairman of the Board of Directors (the "Board"). Mr. Thornton has resigned his Board position effective as of the close of business on Wednesday, February 20, 2019 due to personal reasons. Mr. Ritchie commented "I would like to thank Jay for his time on the Board and acting as Chairman. As I embark [Read More…]
