Free hockey draft put on by OSY Rentals, Rival Hydrovac, and BOE Report. Deadline to enter is Wednesday, October 2nd. Takes less than 2 minutes to complete No need of hockey knowledge (pick one player from a box grouped with players of the same level) Weekly prizes for the winner and loser Random weekly prizes Grand Prize of 2 tickets, flights and hotels to any NHL playoff game Who Won Last Year? Last year’s winner was WEAK SAUCE. They made their way down to Boston for round [Read more]
Headlines
Pengrowth Announces 31 Day Extension of its Debt Maturities
– Pengrowth has reached an agreement for a 31 day extension of the maturity date under its secured revolving credit facility (the “Credit Facility”) and under its October 2019 secured notes. – Pengrowth remains in ongoing discussions with its key senior debtholders regarding an overall transaction to address maturities under its Credit Facility and Secured Notes and put Pengrowth on a stronger footing to maximize value for all stakeholders. – Pengrowth will continue operating its free cash [Read more]
Baytex Releases 2018 Corporate Sustainability Report
CALGARY, Alberta, Sept. 30, 2019 (GLOBE NEWSWIRE) -- Baytex Energy Corp. (“Baytex”)(TSX, NYSE: BTE) has published its fourth biennial corporate sustainability report, demonstrating our commitment to transparency and accountability, and our progress in managing the environmental and social impacts of our business. The report is available on Baytex’s website at www.baytexenergy.com. Highlights 76% reduction in corporate spill volumes over five years 99.1% routine gas conservation in [Read more]
Journey Energy Inc. Announces Equity Financing and Term Debt Extension
CALGARY, Sept. 30, 2019 /CNW/ - Journey Energy Inc. (JOY – TSX) ("Journey" or the "Company") today announced two significant financial transactions improving its balance sheet and liquidity. Non-brokered private placement Journey has entered into a non-brokered, private placement for $7.3 million of flow through common shares (within the meaning in the Income Tax Act (Canada) (the "Flow-Through Shares"). 2.8 million Flow-Through Shares were issued at a price of $2.60 per share, representing [Read more]
Connacher Oil and Gas Limited Announces Effectiveness of Its Restructuring Plan
CALGARY, Sept. 30, 2019 /CNW/ - Connacher Oil and Gas Limited ("Connacher" or the "Company") is pleased to announce the effectiveness of the Company's Amended and Restated Plan of Compromise and Arrangement dated July 16, 2019 (the "Plan"), which, as previously announced, was sanctioned by the Court of Queen's Bench of Alberta (the "Court") on July 16, 2019 in the Company's proceedings under the Companies' Creditors Arrangement Act (the "CCAA"). Upon effectiveness, which occurred as of September [Read more]
Eagle Energy Inc. Announces Conditional Approval of the Listing of Eagle by the TSX Venture Exchange
Further to the August 14, 2019 news release of Eagle Energy Inc. ("Eagle") regarding its application to transfer its listing to the TSX Venture Exchange (the "TSX-V") from the Toronto Stock Exchange ("TSX"), Eagle announces that the TSX-V has conditionally approved the listing of Eagle as a Tier 2 Oil and Gas Issuer subject to receiving final administrative items and undertakings from Eagle. Eagle is working to complete and submit these items as soon as possible. The exact timing for the [Read more]
Pieridae and AIMCo Agree to Extend Term Loan and Convertible Debenture Maturity
CALGARY, Alberta, Sept. 30, 2019 (GLOBE NEWSWIRE) -- Pieridae Energy Limited (Pieridae or the Company) (TSXV: PEA) announces that Alberta Investment Management Corporation, on behalf of certain of its clients, and Pieridae have agreed to extend the maturity date of both (a) the $50 million senior secured term loan facility (the “Term Loan”), as described in the news release issued by the Company on December 18, 2018, and (b) the $10 million secured convertible debenture, as described in the news [Read more]
Oil price drops on Mideast tension, global downturn
Oil prices are likely to remain steady this year as supply shocks from Saudi Arabia fail to lift prices in a market grappling with flagging demand, a Reuters survey showed on Monday, as warnings of a global economic deceleration mount. The survey of 53 economists and analysts forecast Brent crude would average $65.19 a barrel in 2019, little changed from $65.02 forecast last month. This was however, slightly higher than the $64.76 average for the global benchmark so far this year. U.S. [Read more]
GuildOne named in Globe and Mail’s 2019 Ranking of Canada’s Fastest Growing Companies
Calgary-based data solutions and business intelligence provider placed in the top 25% of ranked companies based on three-year revenue growth of 485%. GuildOne is pleased to announce it has been named in the inaugural Report on Business ranking of Canada’s Top Growing Companies, an annual rank of Canadian companies based on three-year revenue growth. GuildOne earned its spot with three-year growth of 485%. For almost twenty years, Calgary-based GuildOne has been providing advanced data [Read more]
Husky Receives Approval to Begin Superior Refinery Rebuild
CALGARY, Alberta, Sept. 30, 2019 (GLOBE NEWSWIRE) -- Husky Energy continues to make steady progress towards a return to full operations at the Superior Refinery. The Company has received the required permit approvals to begin reconstruction activities at the site and work is expected to begin immediately. Demolition of damaged equipment resulting from a fire in April of 2018 is now largely complete and the rebuild will take place over the next two years with an expected return to full [Read more]