Financial results impacted by hedging and price differentials CALGARY, Alberta, April 25, 2018 (GLOBE NEWSWIRE) -- Cenovus Energy Inc. (TSX:CVE) (NYSE:CVE) had continued strong operational performance from its oil sands projects and Deep Basin natural gas assets in the first quarter of 2018. The company’s quarterly financial results were impacted by risk management losses, wider light-heavy oil differentials and planned refinery maintenance. As previously announced, Cenovus responded to the [Read more]
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Meet the Future of Oil and Gas Head On – Accelerating Growth in a Landscape of Rapid Turmoil and Transition
Ready or not, the North American Oil & Gas Industry must contend with a new normal. A confluence of trends - a new pricing paradigm, rapid growth in renewables, and accelerating technology advancements - is reshaping the industry. Join us for a free 1 hour webinar to learn about the rapid turmoil & transitions taking place across the Oil & Gas sector and how your organization can prepare for the challenges and opportunities that lie ahead. Our speakers will also be highlighting [Read more]
Connacher Announces Q4 2017 and Year-End 2017 Results
CALGARY, April 24, 2018 /CNW/ - Connacher Oil and Gas Limited ("Connacher" or the "Company") announces its financial and operating results for the quarter- and year-ended December 31, 2017 (all amounts are in Canadian dollars unless otherwise noted). Q4 2017 and Year-End 2017 Highlights Financial Q4 2017 and YTD 2017 revenue, net of royalties, increased 66% to $61.2 million (Q4 2016 - $36.8 million) and $218.0 million (2016 - $103.1 million), respectively, primarily due to improved [Read more]
Connacher Reports Year-End 2017 Reserves
CALGARY, April 24, 2018 /CNW/ - Connacher Oil and Gas Limited ("Connacher" or the "Company") announces its year-end reserves as of December 31, 2017, as evaluated by GLJ Petroleum Consultants Ltd. ("GLJ"), independent qualified reserves evaluators. Proved producing reserves decreased by 1.4 million barrels (gross) to 13.3 million barrels (gross). The net present value of future net revenue before income taxes (discounted at ten per cent) ("10% PV") of the proved producing reserves decreased [Read more]
CRAIG: Ottawa should stop funding anti-oil research
Just when you thought Canada’s nonsensical world of oil and gas policy couldn’t get any worse, consider this little nugget of lunacy. The federal government is actually funding anti-oil research activists. Yes, your tax dollars at work. If you visit the federal government’s Social Sciences and Humanities Research Council’s website you’ll find a document that lists grants awarded in 2015, including one for $2.5 million over six years that will fund “mapping the power of the carbon-extractive [Read more]
Enbridge shares fall after Minnesota judge issues Line 3 recommendation
CALGARY - Shares in Enbridge Inc. were trading down nearly five per cent the day after a judge in Minnesota recommended that its Line 3 pipeline replacement project follow its existing route across the state rather than the company's preferred route. Enbridge traded as low as $37.86, off $1.96, on the Toronto Stock Exchange on Tuesday morning. In an overnight note, analysts at Desjardins Capital Markets say the administrative law judge's report could mean delays for the project [Read more]
New Oil and Gas Jobs From BOE Report Jobs
Here are the latest oil and gas job postings courtesy BOE Report Jobs. To search and filter all the latest jobs, visit the BOE Report job board. All job listings are free to post for companies. Sign up to create an account to post jobs; it’s simple and easy to use. Posting Date Job Title Company Location Apr. 23 Environmental Inspectors JSG Professional Services ULC Calgary Apr. 23 Heavy Equipment Technician - Mine Mobile Canadian Natural Resources Fort [Read more]
Leading Independent Advisory Firm, Glass Lewis, Recommends Crescent Point Shareholders Vote for All Management Nominees and Warns About Cation’s “Decidedly Vague Plan”
CALGARY, Alberta, April 24, 2018 (GLOBE NEWSWIRE) -- Crescent Point Energy Corp. ("Crescent Point" or the "Company") (TSX:CPG) (NYSE:CPG) is pleased to announce that leading independent proxy advisory firm, Glass Lewis & Co. ("Glass Lewis"), has recommended that shareholders vote FOR all of Crescent Point’s director nominees using only the Company’s WHITE proxy prior to the its Annual General Meeting (“AGM”) on May 4, 2018. In reaching its recommendation, Glass Lewis stated the [Read more]
Saturn Oil & Gas Inc. Continues to Grow Land Position in Flaxcombe Area
SASKATOON, Saskatchewan, April 24, 2018 (GLOBE NEWSWIRE) -- Saturn Oil & Gas Inc. (“Saturn” or the “Company”) (TSX-V:SMI) (FSE:SMK) is pleased to announce that the Company has successfully acquired two additional sections of land in the Flaxcombe area. This brings the Company’s total land holdings to 17.0 gross sections (12.5 net) of land in west-central Saskatchewan. The two sections acquired were Crown land purchased from a major producer in the Flaxcombe area. The two sections are [Read more]
Delphi Energy Announces Successful West Bigstone Test and Commissioning of the Bigstone Montney Phase I Amine Facility Ahead of Schedule
CALGARY, Alberta, April 24, 2018 (GLOBE NEWSWIRE) -- Delphi Energy Corp. (“Delphi” or the “Company”) is pleased to provide an operations update after completing its planned winter capital program. OPERATIONS UPDATE Delphi has completed its 2018 winter capital program including the Company’s Bigstone Montney amine processing facility, the drilling of four (2.6 net) new Montney wells, and the completion of seven (4.6 net) new wells. The extended winter conditions have allowed the Company to [Read more]