CALGARY, Oct. 25, 2018 /CNW/ - Surge Energy Inc. ("Surge" or the "Company") (TSX: SGY) is pleased to announce that it has successfully completed the previously announced acquisition (the "Acquisition") of Mount Bastion Oil & Gas Corp. ("MBOG") pursuant to an arrangement (the "Arrangement") under the provisions of the Business Corporations Act(Alberta). SPECIAL MEETING RESULTS; GREATER THAN 99% VOTE IN FAVOR All of the issued and outstanding common shares of MBOG were acquired by Surge [Read more]
Headlines
Trans Mountain like Monty Python’s dead parrot under Trudeau government: Scheer
CALGARY - The federal Opposition leader is likening the stalled Trans Mountain pipeline expansion to a famous Monty Python sketch in which two men argue over whether a parrot is actually dead. "(Prime Minister) Justin Trudeau has bought a pipeline with no plan to actually build it. Conservatives will build pipelines without having to buy them," Conservative Leader Andrew Scheer told the Energy Relaunch conference in Calgary on Thursday. "I believe it is Justin Trudeau's strategy to not [Read more]
Point Loma Closes $3.44 Million in Proceeds with Oil Focused Drilling Program to Commence in Fourth Quarter 2018
CALGARY, Alberta, Oct. 25, 2018 (GLOBE NEWSWIRE) -- Point Loma Resources Ltd. (TSX-V: PLX) ("Point Loma" or the "Company") is pleased to announce the closing of its previously announced short form prospectus marketed financing of: (i) 5,954,300 units of the Company (the "Units"); and (ii) 4,356,059 common shares of the Company ("Common Shares") issued as "flow-through shares" within the meaning of the Income Tax Act (Canada) (the "Flow-Through Shares"), for aggregate gross proceeds of [Read more]
Vermilion Energy Inc. Announces Results for the Three and Nine Months Ended September 30, 2018
CALGARY, Oct. 25, 2018 /CNW/ - Vermilion Energy Inc. ("Vermilion", "We", "Our", "Us" or the "Company") (TSX, NYSE: VET) is pleased to report operating and condensed financial results for the three and nine months ended September 30, 2018. The unaudited financial statements and management discussion and analysis for the three and nine months ended September 30, 2018, will be available on the System for Electronic Document Analysis and Retrieval ("SEDAR") at www.sedar.com, on EDGAR [Read more]
Husky Energy Reports Third Quarter 2018 Results
Funds From Operations up 48%, Earnings up 300% Year over Year CALGARY, Alberta, Oct. 25, 2018 (GLOBE NEWSWIRE) -- Husky Energy (TSX:HSE) generated funds from operations of $1.3 billion in the third quarter, up 48 percent from $891 million in the same period last year. Year-to-date, funds from operations are $3.4 billion. Free cash flow in the quarter was $350 million and $1.1 billion year-to-date. Net earnings were $545 million, a 300 percent increase compared to $136 million in Q3 2017. Net [Read more]
Clearview Provides Update
Wilson Creek 15-20 Cardium horizontal well initial production thirty-day average (“IP30”) of 300 barrels of oil per day (“bbls/d”). Windfall 1-3 Bluesky horizontal well drilled and completed. Closed private placement. CALGARY, Alberta, Oct. 24, 2018 (GLOBE NEWSWIRE) -- Clearview Resources Ltd. (“Clearview” or the “Company”) is pleased to provide the following operations and corporate update. Wilson Creek Clearview’s previously announced operated, horizontal well located on the Company’s [Read more]
ConocoPhillips Reports Third-Quarter 2018 Results; Disciplined, Returns-Focused Plan On Track
HOUSTON--(BUSINESS WIRE)--ConocoPhillips (NYSE: COP) today reported third-quarter 2018 earnings of $1.9 billion, or $1.59 per share, compared with third-quarter 2017 earnings of $0.4 billion, or $0.34 per share. Excluding special items, third-quarter 2018 adjusted earnings were $1.6 billion, or $1.36 per share, compared with third-quarter 2017 adjusted earnings of $0.2 billion, or $0.16 per share. Special items for the current quarter were primarily for amounts recognized from the PDVSA [Read more]
Pickering: Canadian oil is on sale, and investors should seize the opportunity
Canada’s oil patch has been the victim of bad PR for the past several years. Canadian crude has been labelled dirty, heavy, sour, and environmentally unfriendly. Canada hasn’t been able to make any progress on new pipelines, and the United States remains the only viable export market. Energy executives are openly wondering whether it makes sense to invest in this country. In addition to that negative sentiment, Canadian crude sells for about 60 per cent less than its American counterpart, West [Read more]
Crescent Point Announces Q3 2018 Results
CALGARY, Alberta, Oct. 25, 2018 (GLOBE NEWSWIRE) -- Crescent Point Energy Corp. (“Crescent Point” or the “Company”) (TSX and NYSE: CPG) is pleased to announce its operating and financial results for the quarter ended September 30, 2018. KEY HIGHLIGHTS Announced updated strategy and transition plan on September 5, 2018, with a goal of becoming a more focused and efficient company with a stronger balance sheet. Completed previously announced organizational restructuring, resulting in [Read more]
XI Technologies: Let’s celebrate drilling and development successes in the first half of 2018!
Have you heard some of the good stuff that’s happening in the world of drilling in the WCSB? Likely not. Many of us in the industry scan headlines and keep up as best we can, relying on word of mouth or glances at elevator news screens to give us the news. But while much of the broader media coverage focuses on the many challenges our industry is facing, sometimes it’s good to remember that there are some real successes happening across the WCSB. About every six months, XI Technologies delves [Read more]