CALGARY, Alberta, Aug. 01, 2019 (GLOBE NEWSWIRE) -- Freehold Royalties Ltd. (Freehold) (TSX:FRU) announced second quarter results for the period ended June 30, 2019. RESULTS AT A GLANCE Three Months Ended Six Months Ended June 30 June 30 FINANCIAL ($000s, except as noted) 2019 2018 Change 2019 2018 Change Royalty and other revenue 35,333 39,961 -12 % 70,942 79,118 -10 % Net income [Read more]
Headlines
Heavy discount narrows as monthly trade cycle begins
The differential on Canadian heavy crude narrowed modestly on Thursday as the monthly trading window opened. * Western Canada Select (WCS) heavy blend crude for September delivery in Hardisty, Alberta, traded at $12.40 per barrel below West Texas Intermediate (WTI) oil, according to Net Energy Exchange. On Wednesday, WCS for September delivery settled at $13 a barrel below WTI crude futures. * The benchmark heavy discount remained in sight of the narrowest differential in three months, $9 [Read more]
Canadian Natural Resources eyes Alberta rail contracts amid pipeline congestion
Canadian Natural Resources Ltd , the country's biggest oil and gas producer, said it was looking at taking on the Alberta provincial government's contracts to move crude by rail, a senior company executive said on Thursday. Shipping more crude by rail is seen as critical for Canadian oil producers due to congested pipelines that forced Alberta to order mandatory oil curtailments this year. The Alberta United Conservative Party government said in June that it planned to divest rail [Read more]
Whitecap Resources Inc. Announces Second Quarter 2019 Results and Appointment of Director
CALGARY, Aug. 1, 2019 /CNW/ - Whitecap Resources Inc. ("Whitecap" or the "Company") (TSX: WCP) is pleased to report its operating and unaudited financial results for the three and six months ended June 30, 2019. Selected financial and operating information is outlined below and should be read with Whitecap's unaudited interim consolidated financial statements and related Management's Discussion and Analysis ("MD&A") which are available at www.sedar.com and on our website at [Read more]
Paramount Resources Ltd. Closes the Sale of its Karr 6-18 Natural Gas Facility
CALGARY, Aug. 1, 2019 /CNW/ - Paramount Resources Ltd. (ʺParamountʺ or the ʺCompanyʺ) is pleased to announce that it has closed the previously announced sale of its Karr 6-18 natural gas facility to CSV Midstream Solutions Corp. for total consideration of approximately $470 million. The consideration received by Paramount included approximately $330 million in cash plus a $140 million capital commitment to fund and complete the expansion of the facility. The cash proceeds from the transaction [Read more]
AltaGas Announces Director Retirement
CALGARY, Aug. 1, 2019 /CNW/ - AltaGas Ltd. (AltaGas) (TSX: ALA) announced today that Catherine Best has made the decision to retire from her position as a director on the Board. "On behalf of the Board, I'd like to thank Kay for her valuable insight, financial oversight, passion and dedication over the past eight years," said Pentti Karkkainen, Chair of the Board of AltaGas. "Kay served as a member of the Board during a time of tremendous transformation and change at the organization, and [Read more]
Canadian Natural Resources Limited Announces 2019 Second Quarter Results
Commenting on the Company's second quarter 2019 results, Steve Laut, Executive Vice-Chairman of Canadian Natural stated, "Canadian Natural's second quarter results demonstrated the advantages of our diverse and balanced asset base combined with our flexible capital allocation resulting in significant adjusted funds flow in the quarter of approximately $2.7 billion. Throughout the first half of 2019 we were able to deliver on our four pillars of capital allocation through disciplined economic [Read more]
Column: After voting to sue fuel companies for their role in climate change, local officials signed off on a jet-fuel pipeline project that will create decades of emissions. Awkward?
Only a small number of municipalities in British Columbia have caved in to lobbying efforts by West Coast Environmental Law to join speculative class-action lawsuits against oil and gas companies for the stated intention of recovering the cost of local climate mitigation efforts. The absurdity of pointing the finger at those who supply fuels, while overlooking the fact that 80 per cent of the climate impact of fossil fuels comes from consumers, is self-evident to many. So, it's not surprising [Read more]
Artificial Lift & Production Optimization Official Event Launch
September 25-26, 2019 – Calgary, AB http://www.canadian-production-artificiallift-optimization.com/ Official Event Launch 2nd Annual Canadian Artificial Lift & Production Optimization Super Early Bird Discount Ends August 02 - Click Here To Register & Save $400 2019 Event Brochure Newly Released - Click Here To [Read more]
Delphi Energy Corp. Announces Changes to Management Team
CALGARY, Alberta, Aug. 01, 2019 (GLOBE NEWSWIRE) -- Delphi Energy Corp. (TSX: DEE) (“Delphi” or the “Company”) announces Mr. Mark Behrman, Chief Financial Officer, has left the Company to explore other opportunities. Mr. Behrman served in this role at the Company for approximately two years. The board of directors of Delphi thanks Mr. Behrman for his contribution to the Company and wishes him the best in his new endeavours. The Company has begun an executive search and expects a replacement to [Read more]