Headlines
Ensign and Trinidad agree to replace Trinidad board; Ensign controls approximately 66.73% of Trinidad
Surpassing the 66 2/3% mark ensures that Ensign will be able to complete a subsequent acquisition transaction to acquire the remaining Trinidad Shares Ensign and Trinidad agreed to replace Trinidad board of directors Precision Drilling arrangement agreement with Trinidad terminated Shareholders who have not tendered can tender today by contacting Kingsdale Advisors at 1-866-581-1514 or by e-mail at contactus@kingsdaleadvisors.com CALGARY, Nov. 28, 2018 /CNW/ - Ensign Energy Services [Read more]
New Brunswick legislators set to vote on partial lifting of fracking moratorium
FREDERICTON - The potential for New Brunswick's new Tory government to partially lift a province-wide moratorium on fracking for natural gas should be known within days. The issue has been a contentious one, with much political jousting as the new Tory minority tries to lift the moratorium in the Sussex area, where Corridor Resources has been in gas production for 20 years. The Tories have introduced an amendment to their throne speech to urge the government to move ahead with gas [Read more]
Alberta to buy rail cars; expects deal within weeks
Alberta is in talks to buy rail cars to transport 120,000 barrels per day of crude oil and expects a deal to conclude within weeks, Premier Rachel Notley said on Wednesday, as the energy-rich province takes actions to move oil stuck in the region because of a lack of pipeline capacity. Notley, who says the cars are needed to help deal with stranded oil that has slashed the price of Alberta oil, told a business audience she was disappointed that the federal government was not helping fund the [Read more]
Becca Polak: How Alberta can get oil and gas to market on its own terms
Born and raised in Alberta, I have spent my entire adult life living in Calgary. For most of that time, I worked in business development marketing innovative technologies to oil and gas companies. Anyone who works in the oil and gas industry knows the industry experiences booms and busts. But this time it is different. Light oil in Edmonton is $26.94 USD per barrel, a discount of $27. Heavy crude is trading at $18.20 USD a barrel, a $34 discount. This is an unacceptable situation. Everyone [Read more]
Steep oil price discounts place oilpatch credit ratings in danger, warns DBRS
CALGARY - Credit rating agency DBRS Ltd. is warning that some of the big Canadian oil and gas companies it covers could face downgrades in their credit scores if current steep price discounts for their products continue. Such rating cuts could affect the companies' ability to access credit to fund growth and potentially increase what they pay to service their debt. Energy senior vice-president Victor Vallance of DBRS says the wide difference between oil prices in Western Canada and on [Read more]
Strategic Oil & Gas Ltd. Announces Conversion of Notes and Closing of Financing
CALGARY, Alberta, Nov. 28, 2018 (GLOBE NEWSWIRE) -- Strategic Oil & Gas Ltd. ("Strategic" or the "Company") (TSXV:SOG) announces that the Company has received the written resolution (the "Resolution and Consents") of over 96% of the holders ("Noteholders") of the Company's 8.0% convertible notes ("Notes") to affect certain amendments to the trust indenture ("Trust Indenture") governing the Notes. In particular the Noteholders have approved, by way of an extraordinary written resolution [Read more]
Whitecap Resources Inc. Defers 2019 Budget Release
CALGARY, Nov. 28, 2018 /CNW/ - Whitecap Resources Inc. ("Whitecap") (TSX: WCP) announces that given the timing of the G20 and OPEC meetings in December and continued crude oil price volatility, it will be deferring the release of its 2019 budget previously scheduled for Wednesday, December 5, 2018, until further notice. About WhitecapWhitecap Resources Inc. is an oil-weighted growth company that pays a monthly cash dividend to its shareholders. We are focused on profitable per share growth on [Read more]
Pulse Oil Corp. Announces Successful Phase Two Completion of the Bigoray Enhanced Oil Recovery Project
CALGARY, Nov. 28, 2018 /CNW/ - Pulse Oil Corp. ("Pulse" or the "Company") (TSX-V: PUL and PUL.WT) announced today that Pulse and its contracted technical consultants have completed Phase Two of the Bigoray Enhanced Oil Recovery (EOR) Modelling Project. Phase 2 incorporated the geological and petrophysical analysis completed in Phase 1 into a pool architecture and structural model. The Company's 3-D seismic data base was incorporated into the model, the first time modern 3-D seismic data has [Read more]
XI Analysis: Who’s the most likely buyer for Crescent Point’s Duvernay Rights Divestiture?
In yesterday’s BOE Report, Sayer Energy Advisors announced they have been engaged to assist Crescent Point with the sale of its prospective Duvernay oil rights located in the Ferrybank area of Alberta. After performing a quick analysis of these assets and the key players in the area with AssetBook, XI Technologies Inc. has identified the two most logical potential buyers. Want to know who they are? Want to learn how to easily search for farm-in opportunities on expiring land? Contact XI [Read more]