CALGARY, Alberta, July 27, 2017 (GLOBE NEWSWIRE) -- Cenovus Energy Inc. (TSX:CVE) (NYSE:CVE) had a strong second quarter that reflected 45 days of results from the assets recently acquired from ConocoPhillips. The acquisition gives Cenovus 100% ownership of its oil sands operations and a new production platform in the liquids-rich Deep Basin. Integration of the Deep Basin assets is on track. To further optimize its portfolio and deleverage its balance sheet, the company is pursuing the sale of [Read more]
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Athabasca Oil Corporation Announces 2017 Second Quarter Results
CALGARY, ALBERTA--(Marketwired - July 26, 2017) - Athabasca Oil Corporation (TSX:ATH) ("Athabasca" or the "Company") is pleased to provide its 2017 second quarter results and an operations update. The quarter marks continued operational momentum, positive cash flow driven by strong liquids-rich Montney growth at Placid and the full integration of Athabasca's new thermal oil asset at Leismer. Second Quarter and Recent Highlights Q2 2017 Operating and Financial Results Production of [Read more]
Suncor Energy reports second quarter 2017 results
CALGARY, ALBERTA--(Marketwired - July 26, 2017) - Unless otherwise noted, all financial figures are unaudited, presented in Canadian dollars (Cdn$), and have been prepared in accordance with International Financial Reporting Standards (IFRS), specifically International Accounting Standard (IAS) 34 Interim Financial Reporting as issued by the International Accounting Standards Board. Production volumes are presented on a working interest basis, before royalties, except for Libya, which is on [Read more]
RMP Energy Announces New Management Team Transition
CALGARY, Alberta, July 26, 2017 (GLOBE NEWSWIRE) -- RMP Energy Inc. (the “Company” or “RMP”) (TSX:RMP) today announces a series of appointments that will result in the formation of a new executive management team for the Company. The new team will include Rob Colcleugh as Chief Executive Officer, Tim Krysak as President and Chief Operating Officer, Jeremy Smith as Vice President Engineering, Gregg Nixon as Vice President Completions and Production, Zoran Jankovic as Vice President Exploration [Read more]
It Gives Me No Great Pleasure to Say “I Told You So”
My friends at the BOE Report dropped me a line to say that “you were right and do you have any comment?” Puzzled, I had to think for a moment. “You were right, back in September, when you wrote Pacific Northwest LNG: Canada is a day late and dollar short in this business." Oh, right, I remember now. I have to be honest, I had nearly forgotten about the article I dashed off in a fit of pique when I saw and then wrote: “Smiling politicians in Ottawa, Edmonton and Victoria will be slapping [Read more]
Wake up Canada! Get behind energy megaprojects or get ready for the consequences
Not many commodities are hot anymore; investors are quite comfortable shunning the segment. But perhaps you may want to know about a commodity that in contrast is particularly overheated these days. Natural gas firm service transportation out of Alberta, for the upcoming winter season. Firm service prices are being bid up to unusual levels, even in the face of a relatively low commodity price forecast. Producers appear somewhat panicked about their ability to access markets for their [Read more]
Encana Completes Sale of Its Piceance Natural Gas Assets
CALGARY, Alberta, July 26, 2017 (GLOBE NEWSWIRE) -- Encana Corporation (TSX:ECA) (NYSE:ECA) (Encana) announced today that its wholly-owned subsidiary, Encana Oil & Gas (USA) Inc., has completed the previously announced sale of its Piceance natural gas assets, located in northwestern Colorado, to Denver-based Caerus Oil and Gas LLC (Caerus). BMO Capital Markets served as Encana's financial advisor and Davis, Graham & Stubbs acted as Encana’s external legal counsel for the transaction. [Read more]
Last chance to get your Early Bird Tickets to the 2017 CAPL Conference in Calgary
Last Chance to get your Early Bird Tickets to the 2017 CAPL Conference in Calgary! New this year – the 2017 CAPL Conference App available for free download from the Apple and Android app stores. This CAPL app details the conference program, speakers, social events & more! Go to the FAQs on the Conference Website to learn more. Purchase your ticket to this year’s CAPL Conference being held in Calgary, Alberta prior to July 31, 2017 for early bird pricing! Don’t miss your chance to see [Read more]
Vermilion Energy Inc. Announces Results for the Three and Six Months Ended June 30, 2017
CALGARY, July 26, 2017 /PRNewswire/ - Vermilion Energy Inc. ("Vermilion", "We", "Our", "Us" or the "Company") (TSX, NYSE: VET) is pleased to report operating and unaudited financial results for the three and six months ended June 30, 2017. The unaudited financial statements and management discussion and analysis for the three and six months ended June 30, 2017, will be available on the System for Electronic Document Analysis and Retrieval ("SEDAR") at www.sedar.com, on EDGAR at [Read more]
Supreme Court to decide on oil and gas development and Indigenous consultation
OTTAWA - The Inuit Hamlet of Clyde River won a nearly six-year battle today to stop seismic testing in the Arctic that could kill or maim the marine mammals upon which they rely for food and jobs. The Supreme Court issued a unanimous decision determining the National Energy Board failed miserably at properly consulting Inuit and didn't adequately assess the impact on treaty and Indigenous rights of the proposed oil and gas exploration project before approving it in 2014. The [Read more]