A while back, a long while back, the US declared a “war on drugs” in an attempt to shrink the illegal drug trade. In the “ready, fire, aim” way that governments specialize in, they attacked the problem like a donkey attacks a Rubik’s cube. That was in 1971. Today, the “war” remains in the sense of the mythical Japanese soldier on a deserted island that doesn’t know World War II has ended yet. The Obama administration officially dropped the term because it was “counter-productive” which is [Read more]
Headlines
Kinder Morgan CEO says recent events confirm Trans Mountain may be ‘untenable’
CALGARY - The CEO of Kinder Morgan says events in recent days have reinforced his concerns about the viability of the Trans Mountain oil pipeline expansion project. "It's become clear this particular investment may be untenable for a private party to undertake. The events of the last 10 days have confirmed those views," Steve Kean said on a conference call Wednesday. "We've pointed out there are significant differences between governments, and those differences are outside of our [Read more]
Carr downplays tanker traffic risk, says legislation not developed yet
OTTAWA - The federal Liberal government hasn't yet "landed" on its promised legislative option to push the Trans Mountain pipeline expansion forward, says Natural Resources Minister Jim Carr. Justin Trudeau's government is "actively pursuing" legislation that will reassert Canada's constitutional authority to build and expand pipelines, the prime minister promised Sunday after an emergency meeting with the feuding premiers of B.C. and Alberta. However, it hasn't yet figured out what it [Read more]
Kinder Morgan Canada Limited Declares Dividends and Announces Results for First Quarter of 2018
Seeks Clarity on Path Forward, Shareholder Protection on Trans Mountain Expansion Project CALGARY, April 18, 2018 /CNW/ - The Kinder Morgan Canada Limited (TSX: KML) board of directors has declared a dividend for the first quarter of 2018 of $0.1625 per restricted voting share ($0.65 annualized), payable on May 15, 2018, to restricted voting shareholders of record as of April 30, 2018. KML's restricted voting share dividends are eligible dividends for Canadian income tax purposes. "KML had [Read more]
B.C. says it will file pipeline reference case in Appeal Court by April 30
VICTORIA - British Columbia will file its Trans Mountain pipeline reference case with the court by April 30, but the government can't say if a ruling will come in time for Kinder Morgan's deadline for certainty. Attorney General David Eby said Wednesday the province will take its case to the B.C. Court of Appeal, the highest court that it is able to refer such questions under the province's Constitutional Question Act. The details of the action and the question or questions the government [Read more]
Open Letter to University of Alberta
To: David Turpin, President and vice-chancellor of the University of Alberta David, I understand that the University of Alberta has decided to award an Honorary Degree to David Suzuki. I have tried over the years to support the University as a whole, the Law School and the Golden Bears Hockey team. In part, I am able to do this because of the support my community provides me, and in part because of my employment in an industry related to the energy industry. I view this recent action by [Read more]
Two-thirds of Canadians now support Trans Mountain pipeline according to poll
Support in Canada for the expansion of Kinder Morgan Canada Ltd's contentious Trans Mountain pipeline is rising, according to a poll released on Wednesday, even as British Columbia said it would file a legal challenge by month-end. Two out of three Canadians now say that the government of British Columbia is wrong to try to block the $7.4 billion pipeline, according to a poll by the Angus Reid Institute, a 10-percentage point increase since February. Even in B.C., support for the pipeline [Read more]
U.S. oil inventories drop on strong demand
April 18 (Reuters) - U.S. oil stockpiles fell across the board last week with gasoline and distillates drawing down more than expected on stronger demand, sending crude prices to fresh three-and-a-half-year highs. Crude inventories fell 1.1 million barrels in the week to April 13, the Energy Information Administration said on Wednesday, compared with analysts’ expectations for a decrease of 1.4 million barrels. Gasoline stocks dropped by 3 million barrels, compared with analysts’ [Read more]
Corporate Divestiture: WLA Investment Ltd.
Sayer Energy Advisors has been engaged to assist WLA Investment Ltd. (“WLA” or the “Company”) with the sale of the shares of the Company. WLA is a privately-held company with one shareholder. WLA currently holds interests in oil and natural gas properties located in the Pembina and Leduc-Woodbend areas of central Alberta (the “Properties”). The Company’s stable, low-decline oil production comes predominantly from its interests in the Blue Rapids Cardium Unit No. 1 and the Leduc Woodbend [Read more]
Pengrowth Provides Clarification With Regards to NYSE Listing
CALGARY, Alberta, April 18, 2018 (GLOBE NEWSWIRE) -- Pengrowth Energy Corporation (TSX:PGF) (NYSE:PGH) is providing a clarification to its news release dated April 18, 2018 regarding the listing of shares on the New York Stock Exchange (NYSE). It is the intention of the Company to continue trading on the NYSE until the end of the compliance cure period, which is expected to be June 1, 2018. If at that time, the Company regains compliance through an increase in its share price, then the intent of [Read more]