CALGARY, Aug. 9, 2019 /CNW/ - Enerplus Corporation ("Enerplus" or the "Company") (TSX & NYSE: ERF) today reported its second quarter 2019 operating and financial results. Cash flow from operating activities for the second quarter was $237.0 million and adjusted funds flow was $186.0 million. Second quarter net income was $85.1 million, or $0.36 per share, and adjusted net income was $74.3 million, or $0.32 per share. HIGHLIGHTS Second quarter total production was 100,694 BOE per day, [Read more]
Headlines
Cequence Energy Announces Second Quarter Financial Results
CALGARY, Alberta, Aug. 08, 2019 (GLOBE NEWSWIRE) -- Cequence Energy Ltd. ("Cequence" or the "Company") (TSX: CQE) is pleased to announce its operating and financial results for the three and six months ended June 30, 2019. The Company’s Management’s Discussion and Analysis (“MD&A”) and Condensed Consolidated Interim Financial Statements are available at cequence-energy.com and on SEDAR at www.sedar.com. HIGHLIGHTS Optimization projects implemented in the second quarter 2019 increased [Read more]
Oilsands pipeline firm Inter Pipeline posts record Q2 net income of $260 million
CALGARY - Oilsands transport company Inter Pipeline Ltd. is reporting record second-quarter net income of $260 million or 63 cents per share, nearly double the $136 million or 35 cents it declared in the same period of 2018. The increase comes despite only a slight rise in revenue to $642 million from $631 million and a decrease in its core pipeline volumes to 1.34 million barrels per day from 1.38 million bpd a year earlier. Analysts had expected net income of $114 million on [Read more]
Pieridae Announces Second Quarter Results
CALGARY, Alberta, Aug. 08, 2019 (GLOBE NEWSWIRE) -- Pieridae Energy Limited (“Pieridae” or the “Company”) (PEA - TSXV) has filed its second quarter (“Q2”) unaudited condensed interim financial statements and related management’s discussion and analysis (“MD&A”) for the three and six month periods ending June 30, 2019. Pieridae's unaudited condensed interim financial statements and MD&A are available on our website at www.pieridaeenergy.com and are filed on SEDAR at [Read more]
Chinook Energy Inc. Announces Second Quarter of 2019 Operating and Financial Results
CALGARY, Alberta, Aug. 08, 2019 (GLOBE NEWSWIRE) -- Chinook Energy Inc. ("our", "we", or "us") (TSX: CKE) is pleased to announce our operating and financial results for the three months ended June 30, 2019 (“Q219”). Our unaudited condensed consolidated financial statements and management’s discussion and analysis for the three and six months ended June 30, 2019 are available on our website (www.chinookenergyinc.com) and filed on SEDAR (www.sedar.com). Q219 Highlights Additional Q219 [Read more]
Prairie Provident Resources Announces Second Quarter 2019 Financial and Operating Results
CALGARY, Alberta, Aug. 08, 2019 (GLOBE NEWSWIRE) -- Prairie Provident Resources Inc. ("Prairie Provident", "PPR" or the "Company") today announced operating and financial results for the three and six months ended June 30, 2019. PPR’s consolidated financial statements ("Financial Statements") and related Management's Discussion and Analysis ("MD&A") for the three and six months ended June 30, 2019 are available on our website at www.ppr.ca and filed on SEDAR. HIGHLIGHTS Achieved [Read more]
Heavy discount widens slightly
The differential on Canadian heavy crude against the North American benchmark widened slightly on Thursday: * Western Canada Select (WCS) heavy blend crude for September delivery in Hardisty, Alberta, was trading at $13 per barrel below West Texas Intermediate (WTI) oil, according to Net Energy Exchange. On Wednesday, it settled at $12.90 below WTI. * A boost in rail shipments and draining crude supplies in Alberta are keeping the differential tight, a Calgary-based trader said. U.S. [Read more]
Inter Pipeline Announces Second Quarter 2019 Financial and Operating Results
CALGARY, Aug. 8, 2019 /CNW/ - Inter Pipeline Ltd. ("Inter Pipeline") (TSX: IPL) today announced strong financial and operating results for the three and six month periods ended June 30, 2019. Second Quarter Highlights Funds from operations (FFO) totalled $240 million Net income for the quarter was a record $260 million Declared cash dividends of $176 million or $0.43 per share Quarterly payout ratio* of 73 percent Total pipeline throughput averaged 1,343,000 barrels per day [Read more]
Yangarra Announces Second Quarter 2019 Financial and Operating Results
CALGARY, Aug. 8, 2019 /CNW/ - Yangarra Resources Ltd. ("Yangarra" or the "Company") (TSX:YGR) announces its financial and operating results for the three and six months ended June 30, 2019. Second Quarter Highlights Average production of 13,032 boe/d (47% liquids) during the quarter, an increase of 9% from the first quarter of 2019 and a 72% increase from the same period in 2018. Oil and gas sales were $36.5 million, an increase of 22% from the same period in 2018. Funds flow from [Read more]
U.S. natgas futures rise nearly 2% on forecasts for hot weather ahead of storage report
U.S. natural gas futures rose almost 2% on Thursday as record power demand in Texas and forecasts for hotter weather and greater cooling demand in late August lifted prices from a near three-year low in the prior session. That increase comes despite the impending release of a federal report later Thursday that is expected to show a bigger than normal storage build. Analysts said utilities likely added a bigger-than-normal 59 billion cubic feet (bcf) of gas into storage during the week [Read more]