TC Energy Corporation (TSX, NYSE: TRP) (TC Energy or the Company) today announced net income attributable to common shares for second quarter 2019 of $1.1 billion or $1.21 per share compared to net income of $785 million or $0.88 per share for the same period in 2018. Comparable earnings for second quarter 2019 were $924 million or $1.00 per common share compared to $768 million or $0.86 per common share in 2018. TC Energy's Board of Directors also declared a quarterly dividend of $0.75 per [Read more]
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Baytex Announces Second Quarter 2019 Financial and Operating Results
Baytex Energy Corp. ("Baytex")(TSX, NYSE: BTE) reports its operating and financial results for the three and six months ended June 30, 2019 (all amounts are in Canadian dollars unless otherwise noted). Our strong operating performance continues, with our Eagle Ford, Viking and heavy oil assets each delivering robust production and free cash flow. Given our year-to-date results, we are tightening our 2019 production guidance range to 96,000 to 97,000 boe/d (previously 95,000 to 97,000 boe/d) and [Read more]
Oilsands CEOs take federal election message to voters in full-page newspaper ads
CALGARY - Three of Canada's biggest oilsands producers are going directly to voters today to ask them to "influence the outcome" of big decisions concerning the oil and gas sector as a fall federal election looms. In full-page ads in about 30 English and French daily newspapers across Canada, the CEOs of Canadian Natural Resources Ltd., Cenovus Energy Inc. and MEG Energy Corp. ask readers to call on "leaders of all political stripes" to lend their support to the energy industry. [Read more]
ARC Resources Ltd. Reports Second Quarter 2019 Financial and Operational Results
CALGARY, July 31, 2019 /CNW/ - (ARX - TSX) ARC Resources Ltd. ("ARC" or the "Company") is pleased to report its second quarter 2019 financial and operational results. ARC's unaudited condensed interim consolidated financial statements and notes ("financial statements") and ARC's Management's Discussion and Analysis ("MD&A") as at and for the three and six months ended June 30, 2019 are available on ARC's website at www.arcresources.com and as filed on SEDAR at www.sedar.com. ARC achieved [Read more]
Hillcore Group completes acquisition of Treeline Well Services Inc
Calgary, Alberta – Hillcore Group (Hillcore), is pleased to announce the acquisition of Treeline Well Services Inc. Founded in 1997 and headquartered in Calgary, Alberta, Treeline is a best-in-class provider of oil and gas well services to energy companies operating across Western Canada. Treeline operates a modern fleet of 23 new generation (post-2000) service rigs that includes 17 high hook load doubles. Treeline is currently the largest private service rig provider in Canada and is [Read more]
Athabasca Oil Corporation Announces 2019 Second Quarter Results
Athabasca Oil Corporation (TSX: ATH) (“Athabasca” or the “Company”) is pleased to report continued strong financial performance with its second quarter results. With its resilient business model, the Company is well positioned to generate free cash flow in 2019 and beyond. 2019 Second Quarter Highlights Consolidated Quarterly Results Production of ~34,000 boe/d (85% liquids) Operating income of ~$82 million (excluding hedging) Adjusted funds flow of ~$48 million ($0.09/share) [Read more]
Tourmaline Realizes Strong Q2 Earnings and Continues to Focus on Free Cash Flow Generation
Tourmaline Oil Corp. (TSX:TOU) ("Tourmaline" or the "Company") is pleased to release financial and operating results for the second quarter of 2019. HIGHLIGHTS 1H 2019 production average was 286,955 boepd, including impact of Q2 gas storage injections and gas price-related program deferrals. With Gundy Phase 1 now onstream, the Company reconfirms full-year average production of 300,000 boepd (range 295,000-305,000 boepd) in conjunction with an accumulated $180.0 million of [Read more]
Senior American oil and gas producer Whiting Petroleum cuts 254 jobs
Oil and gas producer Whiting Petroleum on Wednesday reported a surprise quarterly loss, announced a 33% job cut and asset sales as a lack of natural gas infrastructure hits prices. Construction of new oil and gas pipelines in the United States has failed to keep pace with output, which has more than doubled over the past three years in the country that is now the world’s largest oil producer. Since gas cannot be stored in tanks or transported by truck or train, any excess has to either [Read more]
TORC Oil & Gas Ltd. Announces Second Quarter 2019 Financial & Operational Results
TORC Oil & Gas Ltd. ("TORC" or the "Company") (TSX: TOG) is pleased to announce its financial and operating results for the three and six months ended June 30, 2019. The associated management's discussion and analysis ("MD&A") and unaudited interim financial statements as at and for the three and six months ended June 30, 2019 can be found at www.sedar.com and www.torcoil.com. Highlights Three months ended Six months ended (in thousands, [Read more]
U.S. natgas futures jump 4.5% from 3-year low on short covering, roll
U.S. natural gas futures rose 4.5% on Wednesday, recovering from a three-year low touched the previous day as investors covered short positions after prices held above technical support and as traders rolled over positions. On its second day as the front month, gas futures for September delivery on the New York Mercantile Exchange rose 9.6 cents to settle at $2.233 per million British thermal units. In the previous session the contract slipped to $2.107, its lowest since May [Read more]