CALGARY - Keyera Corp. (TSX:KEY) ("Keyera") announced its year end 2019 financial results today, the highlights of which are included in this news release. The entire news release can be viewed by visiting Keyera's website at www.keyera.com, or, to view the MD&A and financial statements, visit either Keyera's website or Keyera's filings on SEDAR at www.sedar.com. HIGHLIGHTS Keyera achieved record results in 2019, delivering net earnings1 of $444 million (2018 – $403 million) and [Read more]
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Hillcrest West Hazel Production Update
VANCOUVER, B.C. - Hillcrest Petroleum Ltd. (the "Company" or "Hillcrest") (TSXV:HRH) (OTC:HLRTF) Further to our news release of July 5, 2019 and September 10th 2019, the Company is pleased to provide an update on its operations at West Hazel. We are pleased to report 6 full months of production after all 4 wells were brought back on production at the West Hazel property. In early July 2019 total fluid production (oil and water) was over 4,500 barrels per day, with oil cut estimated at 1.5% to [Read more]
Cardinal Energy Ltd. Announces 2019 Year-End Reserves, Environmental, Social and Governance and Operational Update
CALGARY, Alberta - Cardinal Energy Ltd. ("Cardinal" or the "Company") (TSX:CJ) is pleased to present the results of its independent reserve report effective December 31, 2019. Cardinal's year-end 2019 reserves were evaluated by independent reserves evaluator GLJ Petroleum Consultants ("GLJ") as at December 31, 2019 (the "2019 Reserve Report"). The 2019 financial and operating information in this press release is based on estimates and is unaudited and accordingly, such financial information is [Read more]
Kenney warns cancelled energy projects stand in the way of Indigenous prosperity
CALGARY - Alberta Premier Jason Kenney is warning the province's $1-billion fund established last year to support Indigenous participation in major projects won't have any projects to back if the forces that helped kill the Frontier oilsands mining project this week continue to achieve their goals. In a speech at the Indigenous Participation in Major Projects conference in Calgary that heavily criticized "green left urban militants," Kenney insisted his government is the one that has the best [Read more]
B.C. residents in Wet’suwet’en territory have right to police presence
OTTAWA - Public Safety Minister Bill Blair says the Mounties have left the site of a disputed natural gas pipeline project in British Columbia, but he appeared to dismiss the notion that police will move completely out of the vast Wet'suwet'en territory. The hereditary chiefs of the Wet'suwet'en Nation at the heart of ongoing countrywide rail and road disruptions have said they will not end their protest of the Coastal GasLink pipeline until the RCMP leave their territory entirely and the [Read more]
Oil falls on growing fears over coronavirus
Crude prices edged down on Wednesday as investors covered short positions after three sessions of losses, even as fears deepened that the rapid spread of the coronavirus will lead to a global pandemic. U.S. West Texas Intermediate crude lost 11 cents, or 0.2%, to $50.03 a barrel. Brent crude fell 29 cents, or 0.5%, to $54.71 a barrel. Both benchmarks are down nearly 7% since last Thursday's close. Fears of a pandemic escalated after the coronavirus spread to more countries, while [Read more]
XI Technologies: What to do without the AER’s LMR report
XI Technologies: What to do without the AER’s LMR report Each week, XI Technologies scans its unique combination of enhanced industry data to provide trends and insights that have value for professionals doing business in the WCSB. If you'd like to receive our Wednesday Word to the Wise in your inbox, subscribe here. For the past few months, XI Technologies has been tracking the status of the AER’s monthly detailed liability management rating (LMR) reports. The summary report with [Read more]
Column: You’re crazy if you support hydrocarbons, and you’re crazier if you don’t – welcome to the world’s largest nest of Catch-22s
It’s been a very tiring week of energy madness, so this post is full of bafflement and the sentences are too long and there’s cultural generalizing and geographical stereotyping and just see if I give a crap. Imagine you landed in England in the middle of rainy season, that is, a month whose name includes a Y or an A or an E. Imagine you find an active and antagonistic battle going on between people using umbrellas and people providing umbrellas, and the really weird part is that the people [Read more]
CB Securities – Barnwell 2020 Non-Core Property Offering
Barnwell of Canada, Limited has retained CB Securities Inc. as its exclusive advisor for the sale of all of its non-core assets. This is an invitation to submit a Non-Binding Bid by noon on March 25, 2020. Total Offering Highlights 525 BOE/day of net production at 2019 YE 324 Bbls/day oil, 16 Bbls/day NGL and 1,050 Mcf/day sales gas $3.5 Million Forecast Annual Net Operating Income Spirit River Highlights 260 BOE/day of recent net production from 1.7 net wells [Read more]
Alberta government in court to stay judge’s order regarding oilsands decision
CALGARY - Alberta government lawyers are to be in a Calgary court today to ask for a stay of an order requiring it to make a decision on a proposed oilsands project near Fort McMurray. Last week, Court of Queen's Bench Justice Barbara Romaine gave the province 10 days to make a decision on the Rigel project. Prosper Petroleum Ltd. argued that waiting for the last 19 months for the province to decide on the project has been unreasonable. It was initially proposed in 2013 and approved by [Read more]