CALGARY, ALBERTA--(Marketwired - Dec. 1, 2014) - Traverse Energy Ltd. (the "Corporation") (TSX VENTURE:TVL) is pleased to announce that it has successfully closed its previously announced non-brokered private placement (the "Private Placement") to a single investor of 1,300,000 common shares of the Corporation ("Shares") issued on a "flow through" basis eligible for the renunciation of Canadian exploration expenses within the meaning of the Income Tax Act (Canada) for total gross proceeds of [Read more]
Headlines
Energy East: TransCanada standing down on further work in Quebec
QUEBEC - TransCanada Corp. will halt all work on an oil terminal in eastern Quebec in response to concerns the project could hurt a beluga habitat.The company said Monday it is "standing down" on all work in Cacouna after a report by a federal government wildlife committee concluded that the whales are endangered.TransCanada (TSX:TRP) wants to build a 4,600-kilometre pipeline to carry 1.1 million barrels per day of oilsands crude from Alberta to refineries in Quebec and New Brunswick.The planned [Read more]
Century Energy Ltd. Announces Closing of Private Placement of Units and Change of Management
CALGARY, ALBERTA--(Marketwired - Dec. 1, 2014) - Century Energy Ltd. ("Century" or the "Corporation") (NEX:CEY.H) is pleased to announce that it has completed its previously announced private placement and has issued an aggregate of 2,350,000 units of the Corporation (the "Units") at a price of $0.08 per Unit for gross proceeds of $188,000 (the "Offering"). Each Unit is comprised of one (1) common share in the capital of the Corporation ("Common Share") and one (1) share purchase warrant of the [Read more]
Penn West Announces the Closing of the $355 Million Non-Core Asset Divestiture
CALGARY, Dec. 1, 2014 /CNW/ - PENN WEST PETROLEUM LTD. (TSX – PWT; NYSE – PWE) ("Penn West"or the "Company") is pleased to announce that it has successfully completed its previously announced divestiture of certain non-core assets located in south central Alberta for proceeds of approximately $355 million, subject to customary closing adjustments. Proceeds from this transaction will be used to reduce outstanding indebtedness on the Company's credit facility. The Company has now completed [Read more]
Husky Announces $200 Million Preferred Share Offering
CALGARY, ALBERTA--(Marketwired - Dec. 1, 2014) - Husky Energy (TSX:HSE)(TSX:HSE.PR.A) has agreed to issue to a syndicate of underwriters led by Scotia Capital Inc. and TD Securities Inc. (collectively the "Underwriters") for distribution to the public 8,000,000 Cumulative Rate Reset Preferred Shares, Series 3 (the "Series 3 Shares"). The Series 3 Shares will be issued at a price of $25.00 per Series 3 Share, for aggregate gross proceeds of $200 million. Holders of the Series 3 Shares will be [Read more]
Bellatrix announces strategic $118 million acquisition and increased production guidance
CALGARY, Dec. 1, 2014 /CNW/ - Bellatrix Exploration Ltd. ("Bellatrix" or the "Company") (TSX, NYSE: BXE) is pleased to announce it has completed the acquisition of complementary assets within its core Alder Flats area of west central Alberta (greater Ferrier region) from a senior oil and gas producer for total cash consideration of approximately $118 million. The strategic tuck-in acquisition adds approximately 2,200 boe/d of currently unrestricted production (80% natural gas, 20% liquids), and [Read more]
Pembina Pipeline Corporation Announces 2015 Capital Program of $1.9 Billion, Provides Review of 2014 Accomplishments and Confirms Date for 2015 Investor Day
(All financial figures are approximate and in Canadian dollars unless otherwise noted. This news release refers to earnings before interest, taxes, depreciation and amortization ("EBITDA") which is a financial measure that is not defined by Generally Accepted Accounting Principles ("GAAP"). For more information about EBITDA, see "Non-GAAP Measures" herein.) CALGARY, Dec. 1, 2014 /CNW/ - Pembina Pipeline Corporation ("Pembina" or the "Company") (TSX: PPL; NYSE: PBA) announced that its Board of [Read more]
Connacher Undertakes Review of Capital Structure
CALGARY, Dec. 1, 2014 /CNW/ - Connacher Oil and Gas Limited(CLL – TSX; "Connacher" or the "Company") announced today that its Board of Directors has initiated a process to devise and implement a strategy to address Connacher's liquidity and capital structure. In this regard, BMO Capital Markets has been engaged as the Company's financial advisor to assist the Company in this process. Connacher does not intend to make any further announcements in respect of this matter unless and until its Board [Read more]
Palliser Oil & Gas Corporation Reports Q3 2014 Financial and Operating Results and Negotiations on Amalgamation with Maha Ongoing
Calgary, Alberta / ACCESSWIRE / Nov 30, 2014 / Palliser Oil & Gas Corporation ("Palliser" or the "Company") (TSX VENTURE:PXL) wishes to report financial and operating results for the three and nine months ended September 30, 2014. Certain selected financial and operational information is set out below and should be read in conjunction with Palliser's financial statements complete with the notes to the financial statements and related MD&A which is expected to be available at [Read more]
Sunshine Announces The Appointment Of A Non-Executive Chairman, An Executive Vice-Chairman And A Non-Executive Director
Resignation Of A Non-Executive Director CALGARY, Alberta and HONG KONG, Nov. 30, 2014 /CNW/ -- The Board of Directors of Sunshine Oilsands Ltd. (the "Corporation" or "Sunshine") (HKEX: 2012, TSX: SUO) has appointed Mr. Tingan Liu (a director of the Corporation since February 1, 2011 and the deputy chairman and president of China Life Insurance (Overseas) Company Limited) to the position of Non-Executive Chairman of the Corporation, effective immediately. Mr. Michael Hibberd, the previous [Read more]