CALGARY, Alberta, Nov. 29, 2018 (GLOBE NEWSWIRE) -- Canadian Spirit Resources Inc. (“CSRI” or the “Corporation”) (TSXV:SPI) (OTCBB:CSPUF) announces the release of its interim financial results and Management Discussion and Analysis (“MD&A”) for the three and nine month periods ended September 30, 2018. In addition, CSRI announces that it has granted, effective November 28, 2018, options to acquire 300,000 common shares of the Corporation in accordance with the terms and conditions of the [Read more]
Headlines
Prairie Provident Announces Renewal of Normal Course Issuer Bid
CALGARY, Alberta, Nov. 29, 2018 (GLOBE NEWSWIRE) -- Prairie Provident Resources Inc. ("Prairie Provident" or the "Company") announces that the Toronto Stock Exchange ("TSX") has accepted for filing the Company's notice of intention to make a normal course issuer bid ("NCIB"). The NCIB effectively renews the existing NCIB, which is scheduled to end on November 30, 2018. Pursuant to the renewed NCIB, Prairie Provident may purchase from time to time up to a maximum of 5,000,000 common shares, at [Read more]
Ensign Completes Payment for Trinidad Shares Tendered at Initial Offer Expiry, Confirms Ownership of Approximately 66.73% of Trinidad Shares, and Urges Remaining Trinidad Shareholders to Tender Today to Receive Payment Promptly
Ensign releases funds to the Depositary and to CDS in payment for Trinidad shares taken up; shareholders should receive funds within days. Surpassing the 66 2/3% mark ensures that Ensign will be able to complete a subsequent acquisition transaction to acquire the remaining Trinidad Shares. Trinidad shareholders urged to tender their shares immediately to receive their funds promptly and avoid the delay of a subsequent acquisition transaction, whose outcome is assured. Shareholders who [Read more]
Petroshale Announces Financial and Operating Results for the Third Quarter of 2018 and Executive Appointment
CALGARY, Nov. 29, 2018 /CNW/ - PetroShale Inc. ("PetroShale" or the "Company") (TSXV: PSH, OTCQX: PSHIF) is pleased to announce its financial and operating results for the three and nine month periods ending September 30, 2018. In addition, the Company announces the appointment of Mr. Caleb Morgret as Chief Financial Officer (CFO), who will assume the role from Mr. David Rain, who is retiring effective November 30, 2018. The Company's unaudited consolidated financial statements and [Read more]
Alberta plans to buy 7,000 rail cars to ease ‘crisis’ in oil price differentials
TORONTO - Alberta needs to buy as many as 7,000 rail cars if it wants to meet its goal of shipping an additional 120,000 barrels of oil a day, says Premier Rachel Notley. In a speech to the Toronto Board of Trade Thursday, Notley said her province is prepared to buy roughly 80 locomotives, with each train pulling 100 to 120 cars. This extra capacity will allow the province to transport 30 per cent more crude-by-rail than current levels, and would help narrow the price gap by $4 a [Read more]
New Brunswick to intervene in Saskatchewan court challenge of carbon tax
FREDERICTON - The New Brunswick government has filed a notice of intervention in Saskatchewan's court challenge of the federal government's carbon pricing plan. Saskatchewan's government has asked its Court of Appeal to rule on whether the federal plan is constitutional. A notice sent to the court Thursday reads: "This is to advise that the Attorney General of New Brunswick intends to intervene in the Matter of the Greenhouse Gas Pollution Pricing Act, Bill C-74, Part V, and in [Read more]
Lacey: Crisis mode – It’s time to get ‘er done
Yesterday was an interesting day in that both the NDP and the UCP came out with speaking points as it relates to the current differential crisis in Alberta. Premier Notley announced that Alberta will buy rail cars to move oil, albeit the effect won’t be until a year from now, and Jason Kenney came out and saying that the government needs to implement a temporary, mandatory production curtailment in response to the current differential environment. There has been a mixed response to the various [Read more]
Canadian oil producers trade shares for growth but investors hard to impress
Depressed Canadian oil prices are forcing energy companies to use their shares as a currency to fund acquisitions, but investors have been hard to win over to the strategy. Unusually large price discounts for Canadian crude, due to clogged pipelines, and faltering global prices have made growth hard to realize. Some producers have reduced output and lower cash flow has left consolidation using stock as the main option. Shares of Encana Corp, Baytex Energy Corp and International Petroleum [Read more]
Saskatchewan expects bigger deficit, oil revenue dips
Saskatchewan forecast on Thursday a larger fiscal deficit than it previously projected, as revenue from oil and gas production dipped because of full pipelines. Saskatchewan, in a mid-year fiscal update, projected a $348.3 million deficit for 2018-19, compared with its forecast of $306 million in August. It had predicted a $365.3 million deficit in its April budget. The province heavily depends on revenues from production of crude oil and of potash, a crop nutrient. While North American [Read more]
Bonterra Energy Corp. Announces Adjustment to Cash Dividend for November 2018 Payable December 31, 2018
CALGARY, Alberta, Nov. 29, 2018 (GLOBE NEWSWIRE) -- Bonterra Energy Corp. (www.bonterraenergy.com) (TSX: BNE) (“Bonterra” or the “Company”) today announces an adjustment to its monthly dividend to $0.01 per share commencing with the November 2018 dividend payable December 31, 2018. In response to the recent significant increase in the Canadian oil price differentials for light oil, and deteriorating West Texas Intermediate (“WTI’) prices, Bonterra is taking necessary steps to protect its [Read more]