CALGARY - Production cutbacks and deferred drilling programs are emerging as a common theme as Calgary-based oil and gas companies elect to leave barrels in the ground rather than sell at current low prices. In third-quarter results released this week, energy companies large and small say they are avoiding wider-than-usual price discounts compared with U.S. benchmark prices blamed on difficulty in getting barrels to market due to full export pipelines. At least 110,000 barrels per day of [Read more]
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Mishaps put spotlight on Irving family’s relationship with Saint John, N.B.
SAINT JOHN, N.B. - It's been a tough month for one of Canada's wealthiest families. The Irvings of New Brunswick are facing renewed scrutiny after a major industrial accident at the Irving Oil refinery in Saint John — one month ago Thursday — and three guilty pleas the following day from Irving Pulp and Paper for polluting the Saint John River. The sudden spate of bad publicity has drawn into sharp focus the delicate relationship between the Irving group of companies and the 69,000 [Read more]
Obsidian Energy Announces Third Quarter 2018 Financial and Operational Results
CALGARY, Nov. 8, 2018 /CNW/ - OBSIDIAN ENERGY LTD. (TSX – OBE, NYSE – OBE.BC) ("Obsidian Energy", the "Company", "we", "us" or "our") is pleased to announce its financial and operational results for the three and nine months ended September 30, 2018. All figures are in Canadian dollars unless otherwise stated. David French, President and CEO commented, "The third quarter results are a combination of excitement over the initial results from the second half of 2018 ("2H18") [Read more]
Perpetual Energy Inc. Releases Third Quarter 2018 Financial and Operating Results and Provides 2019 Guidance
CALGARY, Nov. 8, 2018 /CNW/ - (TSX:PMT) - Perpetual Energy Inc. ("Perpetual", the "Corporation" or the "Company") is pleased to release its third quarter 2018 financial and operating results, and provide capital spending guidance for 2019. A complete copy of Perpetual's unaudited condensed interim consolidated financial statements and related Management Discussion and Analysis ("MD&A") for the three and nine months ended September 30, 2018 can be obtained through the Company's website [Read more]
Enbridge Inc. and Enbridge Income Fund Holdings Inc. Complete Plan of Arrangement
CALGARY, Nov. 8, 2018 /CNW/ - Enbridge Inc. (TSX: ENB) (NYSE: ENB) (Enbridge) and Enbridge Income Fund Holdings Inc. (TSX: ENF) (ENF or the Company) today completed the previously announced plan of arrangement (the Arrangement). The Arrangement involved the acquisition by Enbridge of all of the issued and outstanding ENF shares not already owned by Enbridge, resulting in ENF becoming a wholly-owned subsidiary of Enbridge. Effective today, ENF shareholders are entitled to receive, for each [Read more]
Bonterra Energy Corp. Announces Third Quarter 2018 Financial and Operational Results
CALGARY, Alberta, Nov. 07, 2018 (GLOBE NEWSWIRE) -- Bonterra Energy Corp. (www.bonterraenergy.com) (TSX: BNE) (“Bonterra” or the “Company”) is pleased to announce its operating and financial results as at and for the three and nine months ended September 30, 2018. The related unaudited condensed financial statements and notes, as well as management’s discussion and analysis (“MD&A”), are available on SEDAR at www.sedar.com and on Bonterra’s website [Read more]
Prairie Provident Announces Third Quarter 2018 Financial, Operating Results and Management Appointment
CALGARY, Alberta , Nov. 07, 2018 (GLOBE NEWSWIRE) -- Prairie Provident Resources Inc. (“Prairie Provident”, “PPR” or the “Company”) (TSX:PPR) is pleased to announce its operating and financial results for the three and nine months ended September 30, 2018, and to provide an operational update. PPR’s consolidated interim financial statements (“Financial Statements”) and related management's discussion and analysis (“MD&A”) for the three and nine months ended September 30, 2018 are available [Read more]
TransGlobe Energy Corporation Announces 2019 Capital Budget
This Announcement contains inside information as defined in Article 7 of the Market Abuse Regulation No. 596/2014 (“MAR”). Upon the publication of this Announcement, this inside information is now considered to be in the public domain. CALGARY, Alberta, Nov. 08, 2018 (GLOBE NEWSWIRE) -- TransGlobe Energy Corporation (“TransGlobe” or the “Company”) (AIM & TSX: “TGL” & NASDAQ: “TGA”) announces the 2019 plan and capital budget. All dollar values are expressed in US dollars unless otherwise [Read more]
TransGlobe Energy Corporation Announces Third Quarter 2018 Financial and Operating Results For the three and nine months ended September 30, 2018
This Announcement contains inside information as defined in Article 7 of the Market Abuse Regulation No. 596/2014 (“MAR”). Upon the publication of this Announcement, this inside information is now considered to be in the public domain. CALGARY, Alberta, Nov. 08, 2018 (GLOBE NEWSWIRE) -- TransGlobe Energy Corporation (TSX & AIM: “TGL” & NASDAQ: “TGA”) (“TransGlobe” or the “Company”) is pleased to announce its financial and operating results for the three and nine months ended September [Read more]
Pengrowth Provides Updated 51-101 Reserves Report as at September 30, 2018
Proven and Probable Reserves Increase to 449 Million Barrels of Oil Equivalent CALGARY, Alberta, Nov. 08, 2018 (GLOBE NEWSWIRE) -- Pengrowth Energy Corporation (“Pengrowth”) (TSX:PGF, OTCQX:PGHEF), today reported Pengrowth’s reserves values effective September 30, 2018 based on an independent engineering evaluation conducted by GLJ Petroleum Consultants Ltd. (GLJ) using the GLJ October 1, 2018 price forecast and prepared in accordance with National Instrument 51-101 (NI 51-101) and the Canadian [Read more]