CALGARY, ALBERTA--(Marketwired - Dec. 3, 2015) - Suncor Energy today announced it has extended its offer to Canadian Oil Sands Limited ("COS") shareholders. Suncor will file a corresponding notice of extension to formally extend the expiry time of its offer to 6:00 p.m. MT (8:00 p.m. ET) on Friday, January 8, 2016. "Our offer is full and fair and in the best interests of COS shareholders," said Steve Williams, Suncor's president and chief executive officer. "This process has always been [Read more]
Headlines
Alberta Earns $3.07 million From December 2 Land Sale
The December 2 Alberta Land Sale results are in and the province has received $15,601 for Oilsands leases and $3,058,773 for conventional leases for a total result of $3.07 million. The Alberta total so far for 2015 is $282.4 million compared to $466.7 million this time last year. That represents a decline of 39.5% from this time last year. There were 28 successful bidders that picked up 53 separate parcels for a total of 29,923 hectares. The average bid price was $114.19 per hectare [Read more]
Alberta government says energy regulator review won’t include its main mandate
EDMONTON - The Alberta government says the province's energy regulator is performing well and there are no plans to make major changes to the agency.Premier Rachel Notley had voiced concerns that the Alberta Energy Regulator has responsibility for both promoting energy development and protecting the environment.Energy Minister Marg McCuaig-Boyd said Notley's comments were misconstrued."She (Notley) and I have been clear since the beginning that we are not breaking up the AER," the minister said [Read more]
Oil rebounds above $40
U.S. rebounded above $40 after falling below the mark earlier this morning for the first time since August. WTI initially fell after an Energy Department report showed oil inventories on the rise once again. The Houston Chronicle reported that "U.S. crude inventories have steadily grown for 10 consecutive weeks since the middle of September. During that time, prices have fallen from highs near $50 per barrel to as low as $40 per barrel. Crude briefly traded below $40 per barrel on Nov. [Read more]
Enbridge Announces 14 Percent Quarterly Dividend Increase in 2016
CALGARY, ALBERTA--(Marketwired - Dec. 3, 2015) - Enbridge Inc. ("Enbridge" or "the Company") (TSX:ENB) (NYSE:ENB) today announced that its Board of Directors has declared a quarterly dividend of $0.53 per common share, payable on March 1, 2016 to shareholders of record on February 16, 2016. The dividend reflects a 14 percent increase from the prior quarterly rate, marking the twenty-first consecutive year of increased dividends for the Company. "The core of our shareholder value [Read more]
Athabasca Oil Corporation Announces its 2016 Capital Budget
CALGARY, ALBERTA--(Marketwired - Dec. 2, 2015) - Athabasca Oil Corporation (TSX:ATH) ("Athabasca" or "the Company") is pleased to announce that its Board of Directors has approved a 2016 capital budget of $91 million. This budget is closely aligned with Athabasca's key strategic priorities which include preserving a strong balance sheet to manage through economic cycles, demonstrating execution excellence in both core Light Oil and Hangingstone assets and positioning the Company to capitalize on [Read more]
Canadian Spirit Resources Inc. Announces Changes to Private Placement
CALGARY, ALBERTA--(Marketwired - Dec. 2, 2015) - Canadian Spirit Resources Inc. ("CSRI" or the "Corporation") (TSX VENTURE:SPI)(OTCBB:CSPUF) announces that it is separating its previously announced private placement of Flow-through Shares and Units (see News Release dated November 9, 2015) into two private placements. The first non-brokered private placement offering is for a minimum of 7,500,000 and a maximum of 12,500,000 common shares of the Corporation issued on a flow-through basis pursuant [Read more]
Marksmen Announces Proposed Private Placement and Stock Option Grants
CALGARY, ALBERTA--(Marketwired - Dec. 2, 2015) - Marksmen Energy Inc. (TSX VENTURE:MAH)(OTCQB:MKSEF) ("Marksmen" or the "Company") announces that it plans to complete a non-brokered private placement of up to 10,000,000 common shares (the "Common Shares") of Marksmen at a price of $0.08 per share for aggregate gross proceeds of up to $800,000 (the "Private Placement"). Marksmen may pay a commission or finder's fee to qualified non-related parties of up to 8% of the gross proceeds of the [Read more]
IFR Announces Closing of Non-Brokered Private Placement
CALGARY, ALBERTA--(Marketwired - Dec. 2, 2015) - International Frontier Resources Corporation ("IFR" or the "Company") (TSX VENTURE:IFR) on December 2, 2015, is pleased to announce that it has received final TSX acceptance to close its previously announced non-brokered private placement of 17,000,000 Units at a price of $0.065 per Unit for gross proceeds of $1,105,000. Each Unit consists of one (1) common share of the Company (a "Share") and one (1) common share purchase warrant (a "Warrant"). [Read more]
Tuscany Energy Announces Review of Strategic Alternatives
CALGARY, ALBERTA--(Marketwired - Dec. 2, 2015) - Tuscany Energy Ltd. (TSX VENTURE:TUS) announces that it has initiated a process to identify and examine strategic alternatives for the purpose of enhancing shareholder value. Such strategic alternatives may include, but are not limited to, a corporate sale, merger or other business combination, the sale of all or a material portion of Tuscany's assets, or any combination of the foregoing. Although not initiated in response to any specific [Read more]