Key Milestones Achieved Still in PlaceCALGARY, Alberta , May 09, 2019 (GLOBE NEWSWIRE) -- Pieridae Energy Limited (Pieridae or the Corporation) (TSXV: PEA) In light of the recent share price decline, Pieridae would like to confirm that there have been no material adverse changes in its business. As Pieridae’s management does not believe the current trading price of the Corporation’s shares properly reflects the inherent value of the Corporation’s investments, management reiterates that key [Read more]
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Kinder Morgan Canada Limited Concludes Strategic Review
CALGARY, May 9, 2019 /CNW/ - The Kinder Morgan Canada Limited (TSX: KML) board of directors today issued the following statement:Following the Trans Mountain sale, KML announced that it would undertake a strategic review of the company to determine a course of action that maximizes value to all KML shareholders. The options evaluated included, among others, continuing to operate as a standalone enterprise, a disposition by sale, and a strategic combination with another company.After a [Read more]
Cequence Energy Announces First Quarter Financial Results
CALGARY, Alberta, May 09, 2019 (GLOBE NEWSWIRE) -- Cequence Energy Ltd. ("Cequence" or the "Company") (TSX: CQE) is pleased to announce its operating and financial results for the three months ended March 31, 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.HIGHLIGHTSFunds flow from operations(1) was $5.4 million for the three months ended March 31, [Read more]
Chinook Energy Inc. Announces First Quarter of 2019 Operating and Financial Results
CALGARY, Alberta, May 09, 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 March 31, 2019 (“Q119”). Our unaudited condensed consolidated financial statements and management’s discussion and analysis for the three months ended March 31, 2019 are available on our website (www.chinookenergyinc.com) and filed on SEDAR (www.sedar.com).Q119 HighlightsAdditional Q119 egress: We obtained [Read more]
Tamarack Valley Energy Ltd. Announces 2019 First Quarter Results
TSX: TVE - CALGARY, May 9, 2019 /CNW/ - Tamarack Valley Energy Ltd. ("Tamarack" or the "Company") is pleased to announce its financial and operating results for the three months ended March 31, 2019. Selected financial and operational information is outlined below and should be read in conjunction with Tamarack's unaudited condensed consolidated interim financial statements for the three months ended March 31, 2019 and related management's discussion and analysis ("MD&A") which are available [Read more]
Changes to Bill C-69 “critical” for Canadian energy sector: Enbridge CEO
The CEO of Enbridge Inc. says it’s “critical” to Canada’s energy future that substantive changes are made to proposed federal legislation to revamp how big resource projects win federal approval. Speaking after his company’s annual shareholders’ meeting in Calgary, Al Monaco says there are three or four major problem areas in Bill C-69 that must be addressed. His comments come as the Senate considers amendments to the bill that would repeal the Canadian Environmental Assessment Act and [Read more]
Controversial environment-review bill faces major changes in Senate as clock ticks
OTTAWA - Canadian senators are trying to make more than 100 amendments to the government's environmental-assessment bill that overhauls how major energy and transportation projects are reviewed.The Liberals want Bill C-69 to fulfil a 2015 election promise to update a review process they say has meant more work for lawyers than for energy workers.Provincial premiers, energy-industry leaders and the federal Conservatives all accuse the government of making a troubled process even more [Read more]
Inter Pipeline First Quarter 2019 Financial and Operating Results
CALGARY, May 9, 2019 /CNW/ - Inter Pipeline Ltd. ("Inter Pipeline") (TSX: IPL) today announced financial and operating results for the three-month period ended March 31, 2019. First Quarter Highlights Funds from operations (FFO) totalled $212 million Net income for the quarter was $98 million Declared cash dividends of $174 million, or $0.43 per share Quarterly payout ratio* of 82 percent Total pipeline throughput volume averaged 1,386,600 barrels per day (b/d) [Read more]
Crescent Point Announces Q1 2019 Results
CALGARY, May 9, 2019 /CNW/ - Crescent Point Energy Corp. ("Crescent Point" or the "Company") (TSX and NYSE: CPG) is pleased to announce its operating and financial results for the quarter ended March 31, 2019. KEY HIGHLIGHTS Increased cash flow in 2019 based on return-focused capital allocation, lower costs, higher commodity prices and improved oil differentials. Expect to generate approximately $600 million of excess cash flow in 2019 based on guidance at current strip prices. Annual [Read more]
Canadian Natural Resources Limited Announces 2019 First Quarter Results
CALGARY, Alberta, May 09, 2019 (GLOBE NEWSWIRE) -- Commenting on the Company's first quarter 2019 results, Steve Laut, Executive Vice-Chairman of Canadian Natural stated, "In the first quarter, the Company demonstrated the resilience and strength of its long life low decline and low capital exposure assets, generating significant adjusted funds flow of approximately $2.2 billion. The Company was able to achieve adjusted funds flow that exceeded net capital expenditures by approximately $1.3 [Read more]