For the first time in 40 years, the US is exporting oil (other than to Canada, where shipments back and forth are common). At the same time, natural gas exports are now beginning to ship from the US Gulf Coast. Is this the start of a new era in global energy movements? Or just a peculiar set of circumstances as unremarkable as movements of wheat, corn, or copper? As is the case with those commodities, the world’s supply moves to areas of demand in various ever-changing patterns, and is business [Read more]
Headlines
Spartan Energy Corp. Announces Updated Corporate Presentation and Provides Operational Update
CALGARY, ALBERTA--(Marketwired - Jan. 11, 2016) - Spartan Energy Corp. ("Spartan" or the "Company") (TSX:SPE) is pleased to announce that it has updated its corporate presentation, available on its website at www.spartanenergy.ca. Spartan is also pleased to advise that it will be presenting at the upcoming TD Securities London Energy Conference on Tuesday, January 12, 2016. Operational Update Spartan's field estimated production in December 2015 was approximately 9,100 boe/d, with fourth [Read more]
Canadian Oil Sands Acknowledges Shareholders’ Overwhelming Rejection of Suncor’s Bid
Urges Suncor to Be Clear with the Market on the Extent of Rejection CALGARY, Jan. 11, 2016 /CNW/ - Canadian Oil Sands Limited (TSX: COS) (OTCQX: COSWF) ("COS" or "Canadian Oil Sands") acknowledges the overwhelming rejection of Suncor Energy Inc.'s ("Suncor") substantially undervalued and opportunistic hostile bid. Canadian Oil Sands believes Suncor has an obligation to disclose material facts on its bid to COS shareholders, including the actual tender results and calls on Suncor to immediately [Read more]
2016 could be the year West Coast LNG projects proceed despite depressed prices
CALGARY - After much anticipation Canada could see final approval of the first natural gas export projects on the West Coast this year.Proponents behind some of the 20 proposed liquefied natural gas projects in B.C. say they should be in a position to make final investment decisions this year as environmental approvals, permits and First Nations support fall into place.And while a supply glut has pushed down natural gas prices and reduced short-term prospects, experts say projects remain [Read more]
Canadian Oil Sands Advises Shareholders to Take No Action as Suncor Extends Expiry of the Same Substantially Undervalued Hostile Bid
CALGARY, Jan. 8, 2016 /CNW/ - Canadian Oil Sands Limited (TSX: COS)(OTCQX: COSWF) ("COS" or "Canadian Oil Sands") advises shareholders to take no action on Suncor Energy Inc.'s ("Suncor") altered hostile bid, which simply extends the expiry from January 8, 2016 to January 27, 2016. "Extending the expiry of Suncor's bid does not change the fact that it is substantially undervalued and opportunistic," said Donald Lowry, Chairman of Canadian Oil Sands. "With the help of external financial and [Read more]
Suncor Energy extends offer for Canadian Oil Sands to Wednesday, January 27
CALGARY, ALBERTA--(Marketwired - Jan. 8, 2016) - Suncor Energy today announced it has extended its offer to Canadian Oil Sands Limited ("COS") shareholders to 6:00 p.m. MT (8:00 p.m. ET) on Wednesday, January 27, 2016. About Suncor's Offer to COS shareholders Full details of the offer and the related documents are available under the COS profile at sedar.com and through Suncor's website at suncorofferforcanadianoilsands.com. [Read more]
Yoho Resources Announces Offer to Purchase Outstanding Debentures
CALGARY, ALBERTA--(Marketwired - Jan. 8, 2016) - Yoho Resources Inc. ("Yoho" or the "Company") (TSX VENTURE:YO) announces that in connection with its recently completed disposition of Duvernay assets in the Kaybob area of Alberta for cash consideration of $50 million (prior to adjustments) (the "Transaction"), Yoho is making an offer to purchase for cash (the "Offer") its outstanding $11.8 million aggregate principal amount of 8.25% convertible secured subordinated debentures maturing on June [Read more]
Suncor Energy hostile bid for Canadian Oil Sands to expire at 6 p.m. MST
CALGARY – Shareholders in Canadian Oil Sands (COS) have until this evening to decide whether to accept a takeover offer from Canada’s dominant oilsands producer. Suncor’s Energy’s all-stock bid, worth just over $4 billion, expires at 6 p.m. MT on Friday. The company has said the likelihood of it raising its offer is negligible and it’s prepared to walk away and move on to other opportunities if it doesn’t garner enough support by the deadline. At the crux of the battle is the outlook [Read more]
Repsol Oil & Gas Canada Inc. (formerly Talisman Energy Inc.) Announces Final Results of its Debt Tender Offer
CALGARY, ALBERTA--(Marketwired - Jan. 8, 2016) - Repsol Oil & Gas Canada Inc. (prior to January 1, 2016 known as Talisman Energy Inc.) (the "Offeror"), announced today the final results of its previously announced tender offer (the "Offer") to purchase for cash for a combined aggregate principal amount of up to $2,000,000,000 (the "Maximum Tender Amount") of the 5.85% Senior Notes due 2037 (CUSIP No. 87425E AJ2), 5.50% Senior Notes due 2042 (CUSIP No. 87425E AN3), 6.25% Senior Notes due 2038 [Read more]
Connacher Accelerates Maintenance
CALGARY, Jan. 8, 2016 /CNW/ - Connacher Oil and Gas Limited (CLC – TSX; "Connacher" or the "Company") announces that in light of the current low commodity price environment, the Company will accelerate planned maintenance at Great Divide. The Company plans to reduce output over the next couple of months by approximately 3,000 barrels of bitumen per day as this work progresses. The Company will advise if further production decreases become necessary. About Connacher Connacher is a [Read more]