CALGARY, Alberta, Feb. 28, 2019 (GLOBE NEWSWIRE) -- Storm Resources Ltd. (TSX:SRX) - Storm has also filed its audited consolidated financial statements as at December 31, 2018 and for the three months and year then ended along with Management’s Discussion and Analysis (“MD&A”) for the same periods. This information appears on SEDAR at www.sedar.com and on Storm’s website at www.stormresourcesltd.com. Selected financial and operating information for the three months and year ended December [Read more]
Headlines
Bellatrix Provides Update on Its Ongoing Debt Refinancing Efforts
CALGARY, Alberta, March 01, 2019 (GLOBE NEWSWIRE) -- Bellatrix Exploration Ltd. (“Bellatrix” or the “Company”) (TSX: BXE) provides an update regarding its ongoing debt refinancing efforts. As previously announced by the Company, Bellatrix is focused on its key strategic priority of maintaining financial strength and liquidity. Since 2018, the Company has been advancing efforts and evaluating potential alternatives to optimize its capital structure, improve liquidity and enhance long term [Read more]
Advantage Announces Fourth Quarter and Year End 2018 Operating & Financial Results
Liquids Growth, Market Diversification & Operational Excellence (TSX: AAV) - CALGARY, Feb. 28, 2019 /CNW/ - Advantage Oil & Gas Ltd. ("Advantage" or the "Corporation") is pleased to announce its 2018 results, culminating in increased liquids development, successful revenue diversification, and operational excellence. These accomplishments, combined with an emphasis on capital and financial discipline, will continue to strengthen the Corporation's solid business and advance its [Read more]
Alberta eases April crude production limit
Alberta on Thursday raised the amount of crude that companies can produce in April to 3.66 million barrels per day, an increase of 100,000 bpd from the limit imposed in January. Late last year congestion on oil export pipelines backed up crude in storage tanks and sent crude prices in the province tumbling to record lows. The slump prompted the Alberta government to mandate temporary production cuts effective Jan. 1 that took 325,000 bpd out of the market. The province is now raising the [Read more]
Cardinal Announces its 2019 Operating and Capital Budget
CALGARY, Alberta, Feb. 28, 2019 (GLOBE NEWSWIRE) -- (CJ:TSX) Cardinal Energy Ltd. ("Cardinal" or the "Company") is pleased to announce that its Board of Directors has approved a base operating budget for 2019 that will focus on a sustainable dividend, long-term operating cost reduction initiatives, debt repayment and maintaining our production volumes at 2018 levels. Highlights of 2019 Budget Operating cost reduction initiatives targeting an 8% reduction in operating costs within [Read more]
Pieridae Energy Limited Announces Closing of Brokered and Non-Brokered Private Placements for a Total of $17.9 Million
CALGARY, Alberta, Feb. 28, 2019 (GLOBE NEWSWIRE) -- Pieridae Energy Limited (“Pieridae”) (TSXV: PEA) is pleased to announce that it has closed its previously announced brokered private placement of common shares of the Company for gross proceeds of approximately $15.2 million (including the partial exercise of the over-allotment option) (the “Brokered Offering”) and partially closed its non-brokered private placement of common shares for additional gross proceeds of approximately $2.7 million [Read more]
Alberta premier warns energy bill could worsen Canada oil woes
Alberta Premier Rachel Notley warned Canadian senators on Thursday that proposed federal legislation for major project reviews, including crude oil pipelines, risks worsening a slump in the country's energy sector. Notley appeared before a Senate committee considering Bill C-69, controversial legislation aimed at revamping Canada's environmental approval process, but which critics say will deter investment in the oil sector. Alberta is the country's main crude-producing province but oil [Read more]
Whitecap Resources Inc. Announces Fourth Quarter, Year End 2018 Results and 2018 Reserves Evaluation
CALGARY, Feb. 28, 2019 /CNW/ - Whitecap Resources Inc. ("Whitecap" or the "Company") (TSX: WCP) is pleased to report its operating and audited financial results for the year ended December 31, 2018. Selected financial and operating information is outlined below and should be read with Whitecap's audited annual consolidated financial statements and related Management's Discussion and Analysis ("MD&A") and Annual Information Form ("AIF") which are available at www.sedar.com and on our [Read more]
Brad Wall: Curtailment Considerations
Canoe Financial is the proud presenting partner for Brad Wall's BOEReport.com column Governments, no matter their ideological mooring, earnestly seek to solve problems. That’s been both my experience and my observation. I believe that to be the case with Premier Notley’s efforts to deal with the oil industry's backbreaking and government bank-breaking differential. In this space a few weeks ago I offered that blunt instrument policies like curtailment often lead to unintended consequences [Read more]
Encana reports US$1.03B fourth-quarter profit, production up from year ago
CALGARY - Encana Corp. reported a fourth-quarter profit of US$1.03 billion compared with a loss a year ago as production increased 20 per cent. The Calgary-based energy company, which keeps its books in U.S. dollars, says the profit amounted to $1.08 per share for the quarter ended Dec. 31. That compared with a loss of $229 million or 24 cents per share in the last three months of 2017. Operating earnings for the quarter amounted to $305 million or 32 cents per share, up from an [Read more]