(TSX: AAV, NYSE: AAV) - CALGARY, April 19, 2018 /CNW/ - Advantage Oil & Gas Ltd. ("Advantage" or the "Corporation") advises that as previously disclosed in our press release dated March 5, 2018, a production outage was scheduled at our 100% owned Glacier gas plant in April 2018 associated with expanding our plant capacity to 400 mmcf/d and 6,800 bbls/d of liquids. This outage was scheduled to coincide with planned third party pipeline maintenance when AECO natural gas prices were anticipated [Read more]
Headlines
Auditor general calls for long-term financial forecasts as oil revenue decreases
EDMONTON - Alberta's auditor general says a long-term fiscal projection would help the province as it deals with oil price swings and a diminishing non-renewable resource. In his farewell report, Merwan Saher says enormous oil revenues, such as have been enjoyed by Alberta in the past, can be a double-edged sword. He says such petroleum windfalls can become easy substitutes for strong economic fundamentals in good times, leading to much bigger problems when the prices crash. Saher says [Read more]
Cequence Energy Announces Asset Sale and Operations Update
CALGARY, April 19, 2018 /CNW/ - Cequence Energy Ltd. ("Cequence" or the "Company") (TSX: CQE) is pleased to announce that it has disposed of its remaining assets located in north eastern British Columbia effective April 1, 2018, for nominal consideration. Upon closing of this transaction, Cequence becomes a pure Alberta operating entity with a corporate April, 2018 Alberta Energy Regulatory Licensee Liability Rating of 5.7. In the fourth quarter 2017, production associated with the B.C. [Read more]
Supreme Court beer ruling could apply to Alberta-B.C. pipeline war, experts say
CALGARY - A Supreme Court of Canada ruling on bringing beer from Quebec into New Brunswick has implications for the trade war between Alberta and B.C. over the Trans Mountain pipeline expansion. Experts say the court seems to be addressing the issue in its decision when it notes that while some trade barriers can be allowed in some circumstances, those designed to punish another province or to protect a local industry would not be permissible. Howard Anglin, executive director of [Read more]
Caisse de depot pension fund reveals stake in Kinder Morgan
Canada's second biggest public pension fund, Caisse de depot, held a 7.8 percent stake in Kinder Morgan Canada Ltd at the end of last year, according to its annual report, making it the largest independent shareholder of the pipeline company at the center of a contentious expansion project. Caisse de depot et placement du Quebec, which discloses its shareholdings in Canadian companies once a year,said it acquired the stake in the period following Kinder Morgan Canada's initial public offering [Read more]
Kelt Announces Results of Shareholders’ Meeting and Additions to Its Board and Executive Team
CALGARY, Alberta, April 19, 2018 (GLOBE NEWSWIRE) -- Kelt Exploration Ltd. (TSX:KEL) (“Kelt” or the “Company”) is pleased to announce that all matters presented for approval at the Annual Meeting of Shareholders held April 18, 2018 have been fully authorized and approved. A total of 113,455,276 common shares, representing 62.94% of the common shares, were represented in person or by proxy at the meeting. A brief description of the matters voted upon and the outcome of the votes is set forth [Read more]
Saturn Oil & Gas Inc. Increases Land Position and Closes Pooling Agreement
SASKATOON, Saskatchewan, April 19, 2018 (GLOBE NEWSWIRE) -- Saturn Oil & Gas Inc. (“Saturn” or the “Company”) (TSX.V:SMI) (FSE:SMK) is pleased to announce that the Company was successful bidder on two sections of land in the recent Saskatchewan Crown land sale. This brings the Company's total land holding to 15.0 gross sections (10.5 net). The Company has also closed a Pooling Agreement (the “Agreement”) with a major Viking producer to develop its Whiteside property. The two sections [Read more]
A climate change breakthrough – 90 percent of oil sands oil will never leave the ground. So please adjust environmental agendas, thanks
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]
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]