CALGARY - Michael Werbisky fondly remembers getting the shaft at the posh Hyatt Regency Hotel during the Calgary Stampede about 10 years ago. The owner of Western Decor and Displays says he won a $50,000 contract to build an old-fashioned gold mine shaft in a hallway for a law firm's Stampede party, along with a saloon set and other rustic decorations. "We had it all done up in black material and the posts were done in rough wood and knee braces and so on, old-fashioned lanterns, [Read more]
Headlines
Eagle Energy Inc. Announces Proactive Amendments to its Four Year Term Loan Agreement
CALGARY, ALBERTA--(Marketwired - June 29, 2017) - Eagle Energy Inc. ("Eagle") (TSX:EGL) today announces that it has proactively worked with its lender, White Oak Global Advisors, LLC ("White Oak") to relax certain financial covenant thresholds in recognition of prevailing low oil prices during the second quarter. As a result, Eagle expects to be onside with all its financial covenants without any need for waivers. White Oak has exhibited a willingness to work as a financial partner with Eagle [Read more]
British Columbia government toppled in non-confidence vote
VICTORIA, British Columbia (Reuters) - British Columbia's Liberal government was defeated on Thursday in a non-confidence vote, as expected, paving the way for the left-leaning New Democrats to rule the Western Canadian province for the first time in 16 years. Such a prospect has unnerved investors in Canada's third-most populous province, not least owners of oil and gas projects such as Kinder Morgan Inc's C$7.4 billion Trans Mountain pipeline expansion, which the New Democratic Party (NDP) [Read more]
Razor Energy Corp. Announces Graduation to Tier 1 Listing on the TSX Venture Exchange
CALGARY, ALBERTA--(Marketwired - June 29, 2017) - Razor Energy Corp. ("Razor" or the "Company") (TSX VENTURE:RZE) (www.razor-energy.com) is pleased to announce that it has been approved for graduation to Tier 1 Issuer status from Tier 2 Issuer status by the TSX Venture Exchange (the "TSXV"). With the graduation to a Tier 1 listing, the common shares of Razor ("Common Shares") previously deposited into escrow pursuant to the rules of the TSXV will now be governed by the release provisions of [Read more]
Blackbird Energy Inc. Announces Third Quarter 2017 Financial and Operating Results
CALGARY, ALBERTA--(Marketwired - June 29, 2017) - Blackbird Energy Inc. (TSX VENTURE:BBI) ("Blackbird" or the "Company") is pleased to announce its financial and operational results for the quarter ended April 30, 2017. Blackbird's unaudited condensed consolidated interim financial statements and management's discussion and analysis for the quarter ended April 30, 2017 are available on SEDAR at www.sedar.com and are also posted on Blackbird's website at www.blackbirdenergyinc.com. Significant [Read more]
Trump plan would expand oil drilling in Arctic and Atlantic
WASHINGTON - The Trump administration said Thursday it is taking steps to expand oil drilling in the Arctic and Atlantic oceans as President Donald Trump continues to push for U.S. "energy dominance" in the global market. The Interior Department is rewriting a five-year drilling plan established by the Obama administration, with an eye toward opening areas in the Arctic and Atlantic oceans that now are off-limits to drilling. It's one of six initiatives that the president unveiled [Read more]
Alberta hits $10.8 billion budget deficit in 2016-17
Canada's main crude-producing province Alberta ended the 2016-17 fiscal year with a $10.8 billion budget deficit, the government's annual report said on Thursday, as weak oil prices hurt the economy for a third consecutive year. That was C$263 million higher than forecast in the government's original 2016 budget. It reflects the impact of a huge wildfire in the Wood Buffalo region of the oil sands in May 2016 and payments related to the phase out of coal power in the province. The budget [Read more]
Michigan looks at options to address spill risk of Enbridge’s underwater pipeline
CALGARY - Michigan has released a report looking at how to deal with the spill risk of Enbridge's Line 5 pipeline that runs exposed underwater in a strait between Lake Huron and Lake Michigan. The report Thursday by Dynamic Risk Assessment Systems found that building new pipelines around the Great Lakes would cost between US$2 billion and US$4 billion depending on the route. Barges and trucks were discounted as options because of the logistical constraints of trying to handle the 86 [Read more]
Oil prices rise to two-week high on dip in U.S. output
Oil prices rose to a two-week high on Thursday, extending a rally into a sixth straight session after a decline in weekly U.S. production eased concerns about deepening oversupply. Crude prices slipped to the lowest in 10 months last week but have since rebounded more than 7 percent, stretching their bull-run to the longest since April. Global benchmark Brent crude futures LCOc1 were up 43 cents at $47.74 a barrel at 1321 GMT, having touched a two-week high of $47.98 earlier in the [Read more]
E3 Metals Corp forms Advisory Committee and welcomes three new members
Vancouver, British Columbia - (June 29, 2017) – E3 METALS CORP. (TSX.V: ETMC) (the “Company” or “E3 Metals”) is pleased to announce that it has formed an advisory committee with the objective of assisting the company in developing the long and short term strategic direction for the company. E3 Metals is pleased to welcome Kevin Reinhart, Jean Croteau and Alex Rothwell to the committee. The formation of the advisory committee follows E3 Metals Corp’s commitment to develop our Alberta Lithium [Read more]