BOE report contributor and author Terry Etam will be joining us for lunch on Monday April 29 to discuss his book, of The End of Fossil Fuel Insanity: Clearing the Air Before Cleaning the Air. Terry is a veteran oil and gas consultant whose pithy prose and no-nonsense takes on today’s energy issues have won him numerous fans inside and outside of the industry. His goal is to kick start new energy dialogues in a constructive manner as the world faces, and begins to understand, the real challenges [Read more]
Headlines
How government tax credits help companies grow through challenging times
SR&ED tax credits are a major competitive advantage for oil and gas companies. SR&ED is Canada's largest industrial innovation program, returning from 15% to 41.5% of eligible costs for activities that advance technology or scientific understanding. These tax credits can help to finance innovation and growth. If your energy company has not previously evaluated SR&ED, you may be overlooking a major cost-saving opportunity. SR&ED is a low-risk program that allows companies to recoup costs, drive [Read more]
Kenney talks pipelines with Trudeau after election win, calls it cordial
EDMONTON - Jason Kenney, Alberta's incoming premier, said he cordially talked pipelines Wednesday with Prime Minister Justin Trudeau — Kenney's political nemesis and his election campaign pinata — and said the plan is to meet soon for a one-on-one. "He called to offer his congratulations. We spoke for about 15 minutes," Kenney said outside Alberta's legislature building. "We had a respectful conversation about a number of issues, including the need to get Canadian energy to [Read more]
Pine Cliff Energy Ltd. Announces Strategic Acquisition, CDE Flow-Through and Common Share Financings and Increased 2019 Capital Spending and Production Guidance
CALGARY, Alberta, April 17, 2019 (GLOBE NEWSWIRE) -- Pine Cliff Energy Ltd. (“Pine Cliff” or the “Company”) (TSX: PNE) is pleased to announce that it has entered into an agreement to acquire oil and natural gas assets (the “Assets”) in the Ghost Pine area of Central Alberta for net cash consideration of $8.6 million, after estimated closing adjustments (the “Acquisition”). The Acquisition will have an effective date of October 1, 2018 and is expected to close on or around May 31, 2019 (the [Read more]
Surge Energy Inc. Announces $30 Million Convertible Debenture Financing
CALGARY, April 17, 2019 /CNW/ - Surge Energy Inc. ("Surge" or the "Company") (TSX: SGY) is pleased to announce that it has entered into a $30 million bought-deal financing (the "Convertible Debenture Financing") of five-year convertible unsecured subordinated debentures (the "Debentures") with a syndicate of underwriters (the "Underwriters") led by National Bank Financial Inc.. The Debentures will have a coupon of 6.75 percent per annum, and a conversion price of $2.25 per Surge common share [Read more]
Kinder Morgan options for Canadian branch delayed due to ‘complexity’
CALGARY - Kinder Morgan Canada Ltd. says it is continuing to evaluate its strategic options and hopes to announce its next steps in coming weeks. The company was spun off from its American parent in mid-2017 to raise money to build the Trans Mountain pipeline expansion but that purpose no longer exists after it sold the existing pipeline and its expansion project to the federal government for $4.5 billion last summer. Chief financial officer Dax Sanders says in a news release the options [Read more]
Kinder Morgan Canada Limited Declares Dividend and Announces Results for First Quarter of 2019
Strong Financial Performance Spurred by Completed Project CALGARY, April 17, 2019 /CNW/ - The Kinder Morgan Canada Limited (TSX: KML) board of directors has declared a dividend for the first quarter of 2019 of $0.1625 per restricted voting share ($0.65 annualized), payable on May 15, 2019, to restricted voting shareholders of record as of April 30, 2019. KML's restricted voting share dividends are eligible dividends for Canadian income tax purposes. "KML's strategic infrastructure [Read more]
Legault congratulates Kenney but says Quebec won’t accept a new oil pipeline
QUEBEC - Premier Francois Legault is congratulating Jason Kenney on his electoral victory in Alberta while reminding the incoming premier that Quebec's position on oil pipelines hasn't changed. Legault said all parties in Quebec's legislature oppose any new oil pipelines. "What I am saying is there is no social acceptability for a new oil pipeline in Quebec," he said Wednesday, a day after Kenney's United Conservatives won a decisive majority of seats in the Alberta legislature. [Read more]
Last Chance to Join Canadian Gas Dialogues – Final Agenda Available
You can find the Final Agenda for the event here. In an increasingly natural gas focused world, will Canada be able to take advantage of its resources in the global marketplace? Join leaders and experts from government, industry, the regulatory sector and academia, as they discuss the opportunities and challenges, both domestic and international. Natural Gas World, in partnership with the Canadian Gas Association, with the support of the Canadian Association of Petroleum Producers, the [Read more]
Oil and gas sector applauds new Alberta premier’s many pro-business pledges
CALGARY - The Alberta oilpatch is applauding the provincial election win by Jason Kenney and his United Conservatives. The Canadian Association of Petroleum Producers offered congratulations and welcomed the UCP's commitment to making regulatory, economic and fiscal policy reforms. It says it endorsed UCP election promises to cut the corporate tax rate to eight per cent from 12 per cent, develop a natural gas strategy, reduce red tape and complete a review of the Alberta Energy [Read more]