SMITHERS, B.C. - The hereditary chiefs of the Wet'suwet'en are scheduled to meet for a second day with senior federal and provincial ministers today as they try to break an impasse in a pipeline dispute that's sparked national protests and led to disruptions in the economy. Federal Crown-Indigenous Relations Minister Carolyn Bennett and British Columbia Indigenous Relations Minister Scott Fraser began the long-sought talks Thursday afternoon. They wrapped up after about three hours with [Read more]
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Advantage Announces Fourth Quarter and Year End 2019 Results
CALGARY, Feb. 27, 2020 /CNW/ - Advantage Oil & Gas Ltd. ("Advantage" or the "Corporation") is pleased to announce its 2019 results, including considerable progress on liquids growth, continued operational excellence of our low-cost natural gas foundation, and solid performance on our 2019 objectives. With modern, low emissions-intensity assets and our Glacier Carbon Sequestration project, the Corporation continues to proudly deliver clean and sustainable energy, contributing to a reduction [Read more]
Pembina Pipeline Corporation Reports Record Annual Results in 2019
Pembina's record annual earnings, cash flow and adjusted EBITDA were driven by new assets recently placed into service All financial figures are in Canadian dollars unless noted otherwise. CALGARY, Feb. 27, 2020 /CNW/ - Pembina Pipeline Corporation ("Pembina" or the "Company") (TSX: PPL; NYSE: PBA) announced today its financial and operating results for the fourth quarter and full-year 2019. Financial and Operational Overview 3 Months EndedDecember 31 12 Months [Read more]
Obsidian Energy Announces an Extension and Updates to its Syndicated Credit Facility
CALGARY, Feb. 27, 2020 /CNW/ - OBSIDIAN ENERGY LTD. (TSX – OBE, NYSE – OBE.BC) ("Obsidian Energy", the "Company", "we", "us" or "our") announces the extension of the Company's syndicated credit facility with the underlying borrowing base and amount available under the syndicated credit facility set at $550 million and $450 million, respectively, subject to specific items being amended as discussed below. The amount available under the syndicated credit facility has been reduced by $10 million to [Read more]
Crew Energy Inc. Announces Closing of First Phase of Strategic Midstream Transaction and Receipt of $35 Million
CALGARY, Feb. 27, 2020 /CNW/ - Crew Energy Inc. (TSX: CR) ("Crew" or the "Company") is pleased to confirm the first of two closings of our previously announced strategic transaction with a third party midstream company (the "Transaction"), which was announced on January 17, 2020. The Transaction is one of many innovative value-creation initiatives Crew has undertaken to streamline our asset base. Over and above the proceeds to be realized from the Transaction, since 2014 the Company has [Read more]
TORC Oil & Gas Ltd. Announces 2019 Fourth Quarter and Year-End Financial & Operating Results; 2019 Year-End Reserves; and Increase in 2020 Guidance
CALGARY - TORC Oil & Gas Ltd. ("TORC" or the "Company") (TSX: TOG) is pleased to announce financial and operating results for the three months and year ended December 31, 2019 and to provide 2019 year-end reserves information as evaluated by Sproule Associates Limited ("Sproule"). The associated Management's Discussion and Analysis ("MD&A") dated February 27, 2020 and audited financial statements as at and for the year ended December 31, 2019 can be found at www.sedar.com and [Read more]
Trudeau to meet provincial, territorial leaders amid heightened tensions
OTTAWA - Prime Minister Justin Trudeau will sit down with provincial and territorial leaders on March 13 to wrestle with some of the thorny issues that are dividing the nation. The first ministers' meeting, to be held in Ottawa, is to cover climate change, the economy, health care, infrastructure and equalization. Announcement of the meeting comes as Trudeau is struggling to reconcile the competing demands of environmental concerns, resource development and Indigenous reconciliation. It [Read more]
Whitecap Resources Inc. Announces 2019 Fourth Quarter / Year End Results and 2019 Reserves Evaluation
CALGARY, Feb. 27, 2020 /CNW/ - Whitecap Resources Inc. ("Whitecap" or the "Company") (TSX: WCP) is pleased to report its operating and audited financial results for the quarter and year ended December 31, 2019. Selected financial and operating information is outlined below and should be read with Whitecap's audited annual consolidated financial statements and related Management's Discussion and Analysis which are available at www.sedar.com and on our website at www.wcap.ca. FINANCIAL AND [Read more]
Oil falls for fifth day on demand concerns as coronavirus spreads
Oil prices fell for a fifth day on Thursday to their lowest since January 2019 as a growing number of new coronavirus cases outside of China fuelled fears of a pandemic which could slow the global economy and lower crude demand. West Texas Intermediate (WTI) futures fell by $2.40, or 4.85%, to $46.23 a barrel. Brent crude was down $2.17, or 4.1%, at $51.18 a barrel at 0414 GMT. In the five trading sessions through Thursday, Brent has dropped 11%, while WTI has declined 10.6%, their [Read more]
Seven Generations Reports $353 Million of Funds Flow and $233 Million of Capital Investments in the Fourth Quarter Of 2019
CALGARY, Alberta - Seven Generations Energy Ltd. (TSX: VII): FOURTH QUARTER 2019 HIGHLIGHTS Net income per diluted share was $0.24 in the fourth quarter, and $1.36 for the full year, an increase of 12% over 2018 on a full year basis. Fourth quarter and full year 2019 funds flow was $353 million and $1.39 billion, respectively, with capital investments of $233 million for the fourth quarter and $1.23 billion for the full year. Free cash flow was $120 million in the fourth quarter and [Read more]