CALGARY, Alberta, April 09, 2019 (GLOBE NEWSWIRE) -- Traverse Energy Ltd. (“Traverse” or “the Company”) (TSX Venture: TVL) presents financial and operating results for the three months and years ended December 31, 2018 and 2017 and provides 2018 year end reserves information evaluated by Sproule Associates Limited (“Sproule”). Three Months Ended December 31 (unaudited) Year Ended December 31 Highlights 2018 2017 2018 2017 Financial ($ thousands, except per [Read more]
Headlines
Rethinking energy, rethinking industry – who’d have thought pucks would take centre stage?
It is very easy to get bogged down in energy wars. Conversations, even macro-type ones, often degenerate into debates about trees and not the forest – is this/that pipeline needed, is there a market for bitumen, etc. Energy talk devolves into these bite size pieces, and fixates on them, because that’s how Canada’s energy industry is attacked, so we must deal with the disinformation. There is a whole internet that needs convincing. But when that happens, it gets harder to think outside the [Read more]
Prairie Provident Announces Confirmation of Revolving Facility Borrowing Base and Amendments to Financial Covenants
CALGARY, Alberta, April 10, 2019 (GLOBE NEWSWIRE) -- Prairie Provident Resources Inc. ("Prairie Provident", "PPR" or the "Company") is pleased to announce the confirmation of its US$60 million borrowing base under the Company’s senior secured revolving facility (the “Revolving Facility”). PPR has also finalized terms of amending agreements with Prudential Capital Group (“Prudential”) respecting its Revolving Facility and senior subordinated notes (the “Senior Notes”), which relax certain [Read more]
PetroShale Announces 2018 Financial and Operating Results Highlighted by Significant Reserves Increase
CALGARY, April 10, 2019 /CNW/ - PetroShale Inc. ("PetroShale" or the "Company") (TSXV: PSH, OTCQX: PSHIF) is pleased to announce our financial and operating results for the three and twelve month periods ended December 31, 2018 and significant increases across all reserves categories as of December 31, 2018. The Company's audited consolidated financial statements and corresponding Management's Discussion and Analysis (MD&A) for the period will be available on SEDAR at www.sedar.com, on [Read more]
XI Technologies: How much did our industry consolidate between 2014 and 2018?
Each week, XI Technologies scans their 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. Industry consolidation is a natural occurrence in any downturn, and this is certainly not the first time Canada’s oil and gas sector has experienced it. Some weaker players fail and disappear. Juniors and mids merge to combine their [Read more]
Oil Respect and the CAODC invite you to join us for a rousing discussion on the future of Canada’s oil and gas industry
BOE report contributor and author Terry Etam will be joining us for lunch on Monday April 29 to discuss his book, of The End of Fossil Fuel Insanity: Clearing the Air Before Cleaning the Air. Terry is a veteran oil and gas consultant whose pithy prose and no-nonsense takes on today’s energy issues have won him numerous fans inside and outside of the industry. His goal is to kick start new energy dialogues in a constructive manner as the world faces, and begins to understand, the real challenges [Read more]
Jocelyn Bamford: Carbon tax is a hit to business competitiveness
Contrary to Justin Trudeau's claim of just a few years ago, budgets don't actually balance themselves: revenues have to equal expenditures for that to happen. Given that, it is not surprising that after running up an enormous deficit in less than four years the Trudeau Government is looking to put its hands in our pockets with the Carbon Tax. Though presented as revenue neutral, the reality will be handouts to some and hidden risen costs for all. Of particular note will be the hit to [Read more]
Northern Alberta chiefs to support federal environmental bill at Senate hearing
FORT MCMURRAY, Alta. - Northern Alberta Indigenous leaders warn that watering down the federal government's proposed environmental assessment law would only doom energy projects to more years of court wrangling. Four Athabasca-area chiefs are to speak to a Senate committee Wednesday in Fort McMurray, Alta., about Bill C-69. They say criticism of the bill from Alberta and the energy industry is "riddled with errors." The chiefs, who represent bands in the oilsands region, say the [Read more]
No pedal to floor: Experts say no government can bring back Alberta bitumen boom
EDMONTON - Getting Alberta's economy running on all its fossil-fuel-powered cylinders is at the heart of the province's election campaign. But some of Canada's top energy thinkers — as well as international experts — warn there's no pedal any premier can stomp to make that engine rev like it used to. "No policy of any Alberta government can change things," said Mark Jaccard, an energy economist at B.C.'s Simon Fraser University, who has advised governments on climate policy and [Read more]
New Oil and Gas Jobs From BOE Report Jobs
Here are the latest oil and gas job postings courtesy BOE Report Jobs. To search and filter all the latest jobs, visit the BOE Report job board. All job listings are free to post for companies. Sign up to create an account to post jobs; it’s simple and easy to use. Posting Date Job Title Company Location Apr. 9 Data Analytics Specialist Imperial Oil Moncton Apr. 8 Summer Student, Information Technology PetroChina Canada Calgary Apr. 8 Summer Student, Corporate [Read more]