Pembina reports first quarter results and announces a five percent dividend increase All financial figures are in Canadian dollars unless noted otherwise. CALGARY, May 2, 2019 /CNW/ - Pembina Pipeline Corporation ("Pembina" or the "Company") (TSX: PPL; NYSE: PBA) announced today its financial and operating results for the first quarter of 2019. Financial and Operational Overview 3 Months Ended March 31 ($ millions, except where noted) [Read more]
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Bonavista Energy Corporation Announces 2019 First Quarter Results
(TSX:BNP) CALGARY, May 2, 2019 /CNW/ - Bonavista Energy Corporation ("Bonavista") is pleased to report to shareholders its financial and operating results for the three months ended March 31, 2019. The financial statements and notes, as well as management's discussion and analysis, are available on the System for Electronic Document Analysis and Retrieval ("SEDAR") at http://www.sedar.com and on Bonavista's website at www.bonavistaenergy.com. MESSAGE TO SHAREHOLDERS Through the first [Read more]
Baytex Announces First Quarter 2019 Financial and Operating Results
CALGARY, Alberta, May 02, 2019 (GLOBE NEWSWIRE) -- Baytex Energy Corp. ("Baytex")(TSX, NYSE: BTE) reports its operating and financial results for the three months ended March 31, 2019 (all amounts are in Canadian dollars unless otherwise noted). “This marks the first quarter where we have demonstrated the benefit of the Baytex and Raging River combination as we have increased our operating netback, delivered meaningful free cash flow and started to strengthen our balance sheet. Our first [Read more]
Crew Energy Inc. Announces First Quarter 2019 Financial and Operating Results
CALGARY, May 2, 2019 /CNW/ - Crew Energy Inc. (TSX: CR) ("Crew" or the "Company") is pleased to announce our operating and financial results for the three month period ended March 31, 2019. Crew's Financial Statements and Notes, as well as Management's Discussion and Analysis ("MD&A") for the three month period ended March 31, 2019 are available on Crew's website and filed on SEDAR at www.sedar.com. Q1 2019 HIGHLIGHTS Production of 23,222 boe per day: Volumes were 4% higher than the [Read more]
Suncor still opposed to Alberta oil cuts despite ‘slightly positive’ Q1 impact
CALGARY - Suncor Energy Inc. remains a foe of the Alberta government-ordered oil production curtailments, but new CEO Mark Little says the program was actually "slightly positive" for the company's financial results in the first quarter. The Calgary-based oilsands producer and refining giant says net income for the first three months of the year beat analyst expectations thanks to higher oil prices, record downstream results, growing oilsands production and a $264-million after-tax insurance [Read more]
Ahead of Trudeau meeting, Kenney calls assessment bill a threat to unity
OTTAWA - Alberta Premier Jason Kenney says if the federal bill overhauling environmental assessments passes in its current form it will threaten Canadian unity and there will be "an immediate constitutional challenge." Kenney is at the Senate energy committee this morning to talk about Bill C-69, which he calls the "no more pipelines" bill. He is telling the committee the bill flagrantly violates Alberta's constitutional right to regulate its natural resources. The legislation [Read more]
Millennium Land Ltd. launches CrownReserve application for Crown Land Sales
Millennium Land Ltd. has recently launched CrownReserve, a desktop and mobile software application we have conceptualized. Similar to the how you might make a reservation for a restaurant or a flight, with CrownReserve you can securely and instantly reserve one of Millennium Land’s confidential corporate names for use in bidding at one of the upcoming Alberta or Saskatchewan Crown Land Sales. Millennium Land has a total of nine (9) active names registered on ETS and IRIS with the ability to [Read more]
Granite Oil Corp. Provides 2019 Well Test Results, Operational and Corporate Update
CALGARY, Alberta, May 01, 2019 (GLOBE NEWSWIRE) -- GRANITE OIL CORP. (“Granite” or the “Company”) (TSX:GXO)(OTCQX:GXOCF) is pleased to provide material test results from its well drilled and completed in the second quarter of 2019, preliminary first-quarter results including significant debt repayment, and advancements in operational and Corporate efficiencies. In April, Granite successfully drilled and completed one development well in the Western portion of its Alberta Bakken property. The [Read more]
Suncor Energy reports first quarter 2019 results
CALGARY, Alberta, May 01, 2019 (GLOBE NEWSWIRE) -- “Suncor’s integrated model has consistently generated positive results through changing market conditions, including mandatory production curtailments in Alberta, and the first quarter of 2019 was no different,” said Mark Little, president and chief operating officer. “Funds from operations increased to $2.6 billion in the first quarter of 2019 as we continue to execute on our long‑term strategy.” Funds from operations were $2.585 billion [Read more]
PSAC Lowers Its 2019 Oilfield Services Activity Forecast: Market Access Challenges Suppress Reinvestment
CALGARY, AB (May 1, 2019) – Today, the Petroleum Services Association of Canada (PSAC) in its Midyear Update to the 2019 Canadian Oilfield Services Activity Forecast lowered, for a second time, its Forecast for the number of wells drilled (rig released) in 2019 across Canada to 5,300 wells - a drop of 1,300 or twenty per cent (20%) from the original Forecast of 6,600 in November 2018. PSAC has based its updated Forecast on an average natural gas price of C$1.65/mcf (AECO), crude oil price of [Read more]