CALGARY, Feb. 27, 2020 /CNW/ - Whitecap Resources Inc. ("Whitecap" or the "Company") (TSX: WCP) is pleased to report its operating and audited financial results for the quarter and year ended December 31, 2019. Selected financial and operating information is outlined below and should be read with Whitecap's audited annual consolidated financial statements and related Management's Discussion and Analysis which are available at www.sedar.com and on our website at www.wcap.ca. FINANCIAL AND [Read more]
Headlines
Oil falls for fifth day on demand concerns as coronavirus spreads
Oil prices fell for a fifth day on Thursday to their lowest since January 2019 as a growing number of new coronavirus cases outside of China fuelled fears of a pandemic which could slow the global economy and lower crude demand. West Texas Intermediate (WTI) futures fell by $2.40, or 4.85%, to $46.23 a barrel. Brent crude was down $2.17, or 4.1%, at $51.18 a barrel at 0414 GMT. In the five trading sessions through Thursday, Brent has dropped 11%, while WTI has declined 10.6%, their [Read more]
Seven Generations Reports $353 Million of Funds Flow and $233 Million of Capital Investments in the Fourth Quarter Of 2019
CALGARY, Alberta - Seven Generations Energy Ltd. (TSX: VII): FOURTH QUARTER 2019 HIGHLIGHTS Net income per diluted share was $0.24 in the fourth quarter, and $1.36 for the full year, an increase of 12% over 2018 on a full year basis. Fourth quarter and full year 2019 funds flow was $353 million and $1.39 billion, respectively, with capital investments of $233 million for the fourth quarter and $1.23 billion for the full year. Free cash flow was $120 million in the fourth quarter and [Read more]
Husky Energy Reports 2019 Fourth Quarter and Annual Results
This news release contains references to the non-GAAP financial measures “funds from operations”, “free cash flow”, “operating margin”, “net debt”, “net debt to trailing funds from operations” and “operating netback.” Please refer to “Non-GAAP Measures” at the end of this news release. CALGARY, Alberta - Husky Energy generated funds from operations of $3.3 billion in 2019, including $469 million in the fourth quarter. Cash flow from operating activities, including changes in non-cash working [Read more]
Stand-off over Coastal GasLink, Attacks on Canadian Energy, Provincial Rights and ESG push from Investors? Alberta’s Energy Minister Sonya Savage has the answers
With ongoing defiance of injunctions and protestors declaring they have no intentions to end the rail blockades quietly, the standoff over the Coastal GasLink Pipeline was on everyone’s mind as Alberta Energy Minister Sonya Savage took the podium at a PJVA event in Calgary last week. The Minister pulled no punches as she addressed the blockades and other critical issues in the Canadian Energy sector. “Canada is in peril as railways and ports are shut down. Workers across the country have been [Read more]
Keyera Corp. Announces 2019 Year End Results
CALGARY - Keyera Corp. (TSX:KEY) ("Keyera") announced its year end 2019 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 2019, delivering net earnings1 of $444 million (2018 – $403 million) and [Read more]
Hillcrest West Hazel Production Update
VANCOUVER, B.C. - Hillcrest Petroleum Ltd. (the "Company" or "Hillcrest") (TSXV:HRH) (OTC:HLRTF) Further to our news release of July 5, 2019 and September 10th 2019, the Company is pleased to provide an update on its operations at West Hazel. We are pleased to report 6 full months of production after all 4 wells were brought back on production at the West Hazel property. In early July 2019 total fluid production (oil and water) was over 4,500 barrels per day, with oil cut estimated at 1.5% to [Read more]
Cardinal Energy Ltd. Announces 2019 Year-End Reserves, Environmental, Social and Governance and Operational Update
CALGARY, Alberta - Cardinal Energy Ltd. ("Cardinal" or the "Company") (TSX:CJ) is pleased to present the results of its independent reserve report effective December 31, 2019. Cardinal's year-end 2019 reserves were evaluated by independent reserves evaluator GLJ Petroleum Consultants ("GLJ") as at December 31, 2019 (the "2019 Reserve Report"). The 2019 financial and operating information in this press release is based on estimates and is unaudited and accordingly, such financial information is [Read more]
Kenney warns cancelled energy projects stand in the way of Indigenous prosperity
CALGARY - Alberta Premier Jason Kenney is warning the province's $1-billion fund established last year to support Indigenous participation in major projects won't have any projects to back if the forces that helped kill the Frontier oilsands mining project this week continue to achieve their goals. In a speech at the Indigenous Participation in Major Projects conference in Calgary that heavily criticized "green left urban militants," Kenney insisted his government is the one that has the best [Read more]
B.C. residents in Wet’suwet’en territory have right to police presence
OTTAWA - Public Safety Minister Bill Blair says the Mounties have left the site of a disputed natural gas pipeline project in British Columbia, but he appeared to dismiss the notion that police will move completely out of the vast Wet'suwet'en territory. The hereditary chiefs of the Wet'suwet'en Nation at the heart of ongoing countrywide rail and road disruptions have said they will not end their protest of the Coastal GasLink pipeline until the RCMP leave their territory entirely and the [Read more]