CALGARY, Nov. 6, 2015 /CNW/ - Enerplus Corporation ("Enerplus" or the "Company") (TSX & NYSE: ERF) announces the results from operations for the third quarter of 2015, a reduction in its monthly dividend and 2016 guidance. "Enerplus delivered another quarter of strong operational performance. With the continued improvement in our capital efficiencies and the lowering of our cost structure, we are increasing our 2015 production guidance, while reducing our guidance for capital spending, [Read more]
Headlines
Oil Megaprojects Won’t Stay On The Shelf For Long
One casualty of the oil price downturn could be the megaproject. For years, as conventional oil reserves depleted and became increasingly hard to find, oil companies ventured into far-flung locales to find new sources of production. Extracting oil from these frontier areas required more advanced technology and a lot more capital: Ultra deepwater, Arctic offshore, heavy oil sands, and increasingly, the Lower Tertiary. Often these megaprojects projects were only the purview of the largest [Read more]
Canadian Oil Sands Will Defend Shareholders from Substantially Undervalued, Opportunistic and Exploitive Suncor Bid
CALGARY, ALBERTA--(Marketwired - Nov. 5, 2015) - Canadian Oil Sands Limited (TSX:COS)(OTCQX:COSWF) ("COS" or "Canadian Oil Sands") announces it will continue to defend shareholders and the protections put in place in its Shareholder Rights Plan in response to Suncor Energy Inc.'s ("Suncor") hostile take-over bid. In light of the imbalance of information between Suncor on the one hand and COS shareholders and other potential bidders on the other, the Shareholder Rights Plan provides the Board [Read more]
Eagle Energy Trust Releases Third Quarter Results, Maintains 2015 Guidance and Announces Director Retirement
CALGARY, ALBERTA--(Marketwired - Nov. 5, 2015) - Eagle Energy Trust ("Eagle" or the "Trust") (TSX:EGL.UN) is pleased to present its financial and operating results for the third quarter of 2015, as well as report on other business. "Eagle exited the third quarter of 2015 dedicated to the continued health of its balance sheet and the improved efficiency of the overall business," said Richard Clark, Eagle's President and Chief Executive Officer. "We remain focused on maintaining our production [Read more]
Advantage Announces Third Quarter 2015 Results
Production Up 19%, Total Cash Costs Down 11% & Cash Flow Up 25% (TSX: AAV, NYSE: AAV) CALGARY, Nov. 5, 2015 /CNW/ - Advantage Oil & Gas Ltd. ("Advantage" or the "Corporation") is pleased to provide its third quarter 2015 operating and financial results which included production near the upper end of guidance despite ongoing TransCanada Pipelines Limited ("TCPL") transportation restrictions. Advantage's third quarter 2015 cash flow benefited from its industry leading low cost [Read more]
Suncor Energy informed by Alberta Securities Commission regarding hearing date for challenge of Canadian Oil Sands’ new shareholder rights plan
CALGARY, ALBERTA--(Marketwired - Nov. 5, 2015) - Suncor Energy Inc. ("Suncor") has been informed that the Alberta Securities Commission ("ASC") will hold a hearing on November 26, 2015. The purpose of the hearing is to consider the new shareholder rights plan adopted by the Canadian Oil Sands Limited ("COS" TSX Symbol "COS") board of directors on October 6, 2015 in response to Suncor's offer to acquire all of the outstanding shares of COS made to COS shareholders on October 5, 2015. The hearing [Read more]
Bonavista Energy Corporation Announces 2015 Third Quarter Results
CALGARY, ALBERTA--(Marketwired - Nov. 5, 2015) - Bonavista Energy Corporation ("Bonavista") (TSX:BNP) is pleased to report to shareholders its financial and operating results for the three and nine months ended September 30, 2015. Third quarter highlights demonstrate continued improvements in efficiency with production of 78,599 boe per day, funds from operations of $96.4 million ($0.44 per share) and operating costs of $6.52 per boe. Consistent with our commitment to sustainability, we have [Read more]
Trilogy Energy Corp. Announces Financial and Operating Results for the Three and Nine Months-Ended September 30, 2015 and Provides Revised Guidance
CALGARY, ALBERTA--(Marketwired - Nov. 5, 2015) - Trilogy Energy Corp. (TSX:TET) ("Trilogy") is pleased to announce its financial and operating results for the three and nine months-ended September 30, 2015 and provides revised guidance. Financial and Operating Highlights Reported sales volumes for the third quarter of 2015 were lower at 25,090 Boe/d as compared to 28,926 Boe/d for the previous quarter. Asset dispositions, sales pipeline outages, natural declines, net of new production [Read more]
Pembina to spend $125M to build new Duvernay gas plant
CALGARY - Pembina Pipeline Corp, (TSX:PPL) says it plans to build a new 100 million cubic feet per day shallow cut gas plant near its Fox Creek Terminal, about 270 kilometres northwest of Edmonton.Pembina said Thursday that the estimated the capital cost of the Duvernay I project, including supporting infrastructure, is $125 million.It is expected to be in operation in the second half of 2017, subject to regulatory and environment approvals."In spite of uncertainty in commodity markets, [Read more]
Raging River Exploration Inc. Announces Third Quarter 2015 Operating and Financial Results and Confirms Credit Facility
CALGARY, ALBERTA--(Marketwired - Nov. 5, 2015) - Raging River Exploration Inc. (the "Company" or "Raging River") (TSX:RRX) announces its operating and financial results for the three and nine months ended September 30, 2015. Selected financial and operational information is outlined below and should be read in conjunction with the unaudited interim financial statements and the related management discussion and analysis ("MD&A"). These filings will be available at www.sedar.com and the Company's [Read more]