CALGARY, March 5, 2020 /CNW/ - Jupiter Resources Ltd. and its affiliates (collectively, "Jupiter" or the "Company") announced today financial and operating results for the year ended December 31, 2019. Jupiter's year-end financial results and reserves report have been posted to the investor portal on the Company website. The Company will be hosting a conference call to discuss results on March 6, 2020. Conference Call Date: Friday, March 6, [Read more]
Headlines
Heavy discount narrows as stocks decline, maintenance season nears
Canadian heavy crude's discount narrowed versus the U.S. benchmark West Texas Intermediate (WTI) crude on Thursday, as inventories declined and maintenance season approached for oil sands operations. Western Canada Select (WCS) heavy blend crude for April delivery in Hardisty, Alberta, was trading at $14.05 per barrel below WTI, according to NE2 Canada Inc, narrower than Wednesday's settle of $14.60 under. On Tuesday, the WCS-WTI differential was as narrow as $13, the smallest since Oct. [Read more]
Protests, speed limits curb Canada’s February crude-by-rail shipments
Protests along Canadian rail lines and lower government-imposed speed limits last month caused a modest drop in crude shipments on trains, data provider Genscape said on Thursday. Canadian rail loadings in February averaged 346,000 barrels per day (bpd), down from 354,000 bpd in January, suggesting a "fairly minimal impact," Genscape said in a statement. Loadings had hit a record high in December of 358,000 bpd. Protests popped up last month in solidarity with a British Columbia [Read more]
Yangarra Announces 2019 Year End Financial and Operating Results
CALGARY - Yangarra Resources Ltd. ("Yangarra" or the "Company") (TSX:YGR) announces its financial and operating results for the year ended December 31, 2019. 2019 Highlights Average Production of 12,572 boe/d (47% liquids) an increase of 33% from 2018 Oil and gas sales were $145 million with funds flow from operations of $92 million ($1.08 per share - basic) Adjusted EBITDA (which excludes changes in derivative financial instruments) was $95 million ($1.12 per share - basic), [Read more]
Rail blockade coming down in Kahnawake
KAHNAWAKE, Que. - A blockade in the Mohawk community of Kahnawake that has halted rail traffic south of Montreal for more than three weeks is being dismantled. The Mohawk Council of Kahnawake confirmed the move today, praising the dedication of the protesters. The blockade was erected Feb. 8 in solidarity with Wet'suwet'en hereditary chiefs after the RCMP moved into Wet'suwet'en territory in northern British Columbia to enforce an injunction against a blockade erected by pipeline [Read more]
Five protesters arrested at British Columbia legislature Wednesday night
VICTORIA - Police say five people have been arrested following a protest at the British Columbia legislature. Victoria police say the five were taken into custody at about 9 p.m. Wednesday and each faces a charge of mischief. Police say there were no injuries in the arrests and they alleged the protesters called for others to surround the legislature building. They say officers were "actively obstructed" and because of the size of the crowd, it took several hours for the protesters to [Read more]
Supreme Court will not hear Trans Mountain pipeline expansion appeal cases
OTTAWA - The Trans Mountain pipeline expansion project has cleared another legal hurdle. The Supreme Court of Canada has decided not to hear five challenges from environment and Indigenous groups from British Columbia. Some had wanted the top court to consider whether the Liberal cabinet violated the Species at Risk Act when it decided to approve the pipeline expansion a second time in June 2019, arguing the project would harm the highly endangered southern resident killer whales. The [Read more]
Oil falls more than 1% ahead of OPEC meeting to discuss supply cuts
Oil prices fell more than 1% on Thursday ahead of an OPEC meeting in which Saudi Arabia is expected to push the group and its allies including Russia to agree to further output cuts to support the market. Prices were also supported by a lower-than-expected rise in crude oil inventories in the United States, alleviating some concerns of oversupply in the world's biggest oil consumer. U.S. West Texas Intermediate (WTI) was down by 61 cents, or 1.2%, at $46.55 per barrel. Brent crude [Read more]
Column: Forward into a New Decade of Canadian Vulnerability Op Ed
Canadians used to brag that putting a Canadian flag on their backpacks in Europe guaranteed a warm and friendly reception from locals across Europe. Canada enjoyed a cheerful innocence in contrast to the “ugly American” stereotypes that resonated around the world. We seemed left out of the grimy world of geopolitics – playing the “good guys”. We were the UN peacekeepers in blue berets, maintaining peace and security and protecting human rights around the globe for many years- setting an example [Read more]
Tamarack Valley Energy Ltd. Announces 2019 Financial Results, Reserves Information and Appointment of Chief Financial Officer
Calgary, Alberta - Tamarack Valley Energy Ltd. (TSX: TVE) ("Tamarack" or the "Company") is pleased to announce its financial and operating results for the three months and year ended December 31, 2019 and the results of its independent oil and gas reserves evaluation as of December 31, 2019, prepared by GLJ Petroleum Consultants Ltd. ("GLJ") (the "GLJ Report"). Selected financial, operational and reserves information is outlined below and should be read with Tamarack's audited consolidated [Read more]