CALGARY - Alberta Premier Jason Kenney says Bloc Quebecois Leader Yves-Francois Blanchet needs to "pick a lane." Kenney reacted in Calgary to comments the national separatist-party leader made after a meeting with Prime Minister Justin Trudeau in Ottawa. Blanchet says anyone seeking more independence for the West to promote the oil and gas sector should not come to him for advice. And he says if people are "trying to create an oil state in Western Canada, they cannot expect any help [Read more]
Headlines
Column: Sorting wheat from chaff: Learning about electric vehicle progress from the media is like learning about a deal-of-the-century from a used car dealer
Ah, Saturday mornings. Nothing quite like them. First, take the poop machine for a walk in the fresh morning air, then back in for coffee and a multi-decade staple – US automotive show Motorweek. The show remains worth watching because it keeps up with the times, more or less (the host’s two-extra-yards-of–fabric suits have not), and now includes a regular and interesting electric vehicle component. What’s particularly fascinating about the show’s EV component is that it provides a glimpse [Read more]
Corridor announces third quarter results and increased cash flow and production guidance for winter 2019/2020
HALIFAX, Nova Scotia, November 12, 2019 (TSX - CDH): Corridor Resources Inc. (“Corridor”) announced today its third quarter financial results. The following table provides a summary of Corridor’s financial and operating results for the three and nine months ended September 30, 2019, with comparisons to the three and nine months ended September 30, 2018. Corridor's unaudited financial statements and management's discussion and analysis for the third quarter have been filed on SEDAR at [Read more]
Pipestone Energy Corp. Reports Third Quarter 2019 Results and Provides an Operations Update
CALGARY, Alberta, Nov. 14, 2019 (GLOBE NEWSWIRE) -- Pipestone Energy Corp. (“Pipestone Energy” or the “Company”) is pleased to report its Q3 2019 financial and operational results, provide an update on its production ramp-up, as well as an accelerated completion program within its capital guidance. The Company has filed its unaudited financial statements and related management’s discussion and analysis (“MD&A”) for the quarter ended September 30, 2019 on SEDAR. A conference call has been [Read more]
Hemisphere Energy Announces Record Third Quarter 2019 Financial and Operating Results and Significant Corporate Growth
Vancouver, British Columbia-Hemisphere Energy Corporation (TSXV: HME) ("Hemisphere" or the "Company") announces its financial and operating results for the three months and nine months ended September 30, 2019. Q3 2019 HIGHLIGHTS Achieved record revenue of $8.2 million, a 40% increase over the third quarter of 2018. Realized record quarterly funds flow from operations of $3.6 million, a 157% increase over the third quarter of 2018. Increased average quarterly production to a [Read more]
Alberta test case: Planned sale of gas wells, pipelines raises cleanup concerns
CALGARY - The possible transfer of hundreds of sour gas wells, pipelines and other facilities from an energy giant to a much smaller company has raised concerns about Alberta's efforts to ensure taxpayers don't get stuck with the cleanup bill. "My faith that the (regulator) is making some form of really careful stress test on these companies is just not there," said Mike Judd, a retired guide and outfitter who lives in the middle of the gas field and has filed a statement of concern over the [Read more]
Review of federal fossil fuel subsidies appears to be behind schedule
OTTAWA - Canada's promise to produce an inventory of its fossil fuel subsidies as part of a joint peer review with Argentina appears to be off schedule and may not deliver results until 2021, an environmental advocate says. The peer review, which launched in June 2018 as part of a G20 commitment to eliminate all "inefficient" subsides to the fossil fuel sector, never had a specific deadline but was expected to take about two years. A Finance Canada spokeswoman this week would not give any [Read more]
Questerre reports net profit for third quarter of 2019
Questerre Energy Corporation (“Questerre” or the “Company”) (TSX,OSE:QEC) reported a net profit of $1.33 million and production of just over 2,300 boe/d for the third quarter ended September 30, 2019. Michael Binnion, President and Chief Executive Officer of Questerre, commented, “Exceptional well results drove an increase in production and positive earnings for the third quarter in spite of soft commodity prices. We continue to see the benefits of efficiency gains with lower well costs and [Read more]
Bellatrix Announces Filing of Third Quarter 2019 Financial and Operating Results and Delisting From Toronto Stock Exchange
Bellatrix Exploration Ltd. (“Bellatrix” or the “Company”) announces that it has filed its interim financial statements and related management’s discussion and analysis for the three and nine months ended September 30, 2019 with the Canadian securities regulatory authorities on SEDAR. Bellatrix also announces that on November 8, 2019, the Toronto Stock Exchange delisted the common shares of Bellatrix as a result of the Company’s initiation of creditor protection proceedings, as previously [Read more]
Freehold Royalties Ltd. Announces Third Quarter Results
Freehold Royalties Ltd. (Freehold) (TSX:FRU) announces third quarter results for the period ended September 30, 2019. Results At A Glance Three Months Ended Nine Months Ended September 30 September 30 FINANCIAL ($000s, except as noted) 2019 2018 Change 2019 2018 Change Royalty and other revenue 33,068 40,587 -19% 104,010 119,705 -13% Net income (loss) 2,729 8,389 -67% (920 ) 18,198 -105% Per share, basic and diluted [Read more]