Prospera Energy Inc. (TSXV:PEI)(FRA:OF6A) ("Prospera", the "Corporation") is pleased to announce its financial and operating results for the six months ended June 30, 2019. The condensed interim financial statements, and related management’s discussion and analysis ("MD&A") will be available at www.sedar.com and www.prosperaenergy.com. OPERATION AND FINANCIAL SUMMARY The Corporation’s oil and gas revenues have experienced significant growth due to changes in production volumes and the [Read more]
Headlines
Bill C-69 becomes law, Alberta calls it ‘dark day’
The Trudeau government has passed the highly contentious Bill C-69, also dubbed by many pro-oil industry advocates as the 'no more pipelines act'. Alberta quickly responded, vowing legal challenges to what it sees as an attack on Alberta and national interests. Energy Minister Sonya Savage and Justice Minister Doug Schweitzer issued the following statement about the proclamation of Bill C-69: This is a dark day for Alberta and Canada as a whole. As we have said loudly and repeatedly, [Read more]
Encana Announces Preliminary Results of Substantial Issuer Bid
Encana Corporation (NYSE,TSX: ECA) today announced the preliminary results of its substantial issuer bid (the "Offer"), which expired at 5:00 p.m. (Eastern time) on August 28, 2019. Based on the preliminary count by AST Trust Company (Canada), the depositary for the Offer, a total of 127,043,382 common shares of Encana Corporation ("Shares") were properly tendered and not properly withdrawn, including 1,573,848 Shares that were tendered through notice of guaranteed delivery. In accordance [Read more]
Saturn Oil & Gas Inc. Announces Q2 2019 Results Highlighted by Record Production
Saturn Oil & Gas Inc. (“Saturn” or the “Company”) (TSX.V: SOIL) (FSE: SMK) today announced its financial and operating results for the three and six month period ended June 30, 2019. The Company’s unaudited interim financial statements and corresponding Management’s Discussion and Analysis (“MD&A”) for the three and six month period ended June 30, 2019, are available on SEDAR at www.sedar.com and on Saturn’s website at www.saturnoil.com. Copies of the materials can also be obtained [Read more]
Last Chance to Register for 2019 CAPL Conference
We are just under three weeks away from this year’s 2019 CAPL Conference! The Conference Committee is excited to bring you another great conference with diverse educational opportunities, fun activities and plenty of networking with your peers. There are limited spots available for some activities and education sessions, so sign up soon so you don't miss out on everything you want to attend. Visit landman.ca/CAPLconference now for more information and to register! Can't make the entire [Read more]
U.S. crude stocks drop 10 million barrels as imports slow: EIA
U.S. crude oil inventories fell sharply last week to their lowest since October last year as imports slowed, while gasoline and distillate stockpiles also declined, the Energy Information Administration said on Wednesday. Crude inventories fell 10 million barrels in the week to Aug. 23, compared with analysts’ expectations for a decrease of 2.1 million barrels. At 427.8 million barrels, U.S. crude oil inventories were at the five year average for this time of year. The decline was broadly [Read more]
Oil prices rise on drop in U.S. crude inventories
Oil prices rose on Wednesday after industry data showing a fall in stockpiles of U.S. crude somewhat eased worries about subdued demand due to the China-U.S. trade war. West Texas Intermediate (WTI) crude futures CLc1 gained 79 cents to $55.72 a barrel by 1204 GMT. Brent crude futures LCOc1 climbed 70 cents to $60.21 a barrel. The two benchmarks are headed for monthly losses of around 8% and 5%, respectively, weighed down by trade barriers between the world’s two biggest oil [Read more]
Column: Negative interest rates – not an economic curiosity, an ominous pall of government control about to storm the US and an ill-prepared Canada
An apology is in order for the following subject matter. This is an energy-focused website, and energy alone is a fiendishly hard topic to explain properly to the general public. The energy world is complicated and frankly not that interesting to most, made up of pipes and tanks and tankers, all central to the industry known as “utilities”. Who in history was ever interested in the word “utilities”? Unfortunately, the problem of disinterest is compounded by folding in an interest rate [Read more]
Toscana Announces Management Changes
Toscana Energy Income Corporation ("Toscana" or the "Corporation") (TSX: TEI) announces that Mr. Joseph S. Durante, the Corporation’s Chief Executive Officer, has stepped down from managing day-to-day operations and will take on a new role as Executive Director effective August 27, 2019 (the "Effective Date"). Replacing Mr. Durante as of the Effective Date will be Mr. Ryan Heath. For over 20 years Mr. Heath has enjoyed successfully building junior oil and gas companies in the WCSB. Most [Read more]
GuildOne Blockchain in Energy Announcement
On September 9th, GuildOne is proud to be hosting Blockchain in Energy to help kick off Alberta Blockchain Week, which is presented by the Alberta Blockchain Consortium (ABC). Blockchain in Energy will feature an afternoon of events to explore the vast potential of blockchain technologies to transform the energy industry. It will feature presentations by industry leaders covering topics such as: How blockchain is revolutionizing the Energy industry How cloud technologies power blockchain [Read more]