CALGARY, Alberta, Aug. 02, 2018 (GLOBE NEWSWIRE) -- Harvest Operations Corp. (“Harvest” or the “Company”) announced its financial and operating results for the second quarter ended June 30, 2018. This press release is an overview of the second quarter results for 2018 and should be read with the unaudited condensed interim financial statements and Management’s Discussion and Analysis (MD&A) for the second quarter ended June 30, 2018 available on the System for Electronic Document Analysis [Read more]
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Freehold Royalties Ltd. Strong Growth in Funds from Operations and Second Quarter Results
CALGARY, Alberta, Aug. 02, 2018 (GLOBE NEWSWIRE) -- Freehold Royalties Ltd. (Freehold) (TSX:FRU) announced second quarter results for the period ended June 30, 2018. Results at a Glance Three Months Ended Six Months Ended June 30 June 30 FINANCIAL ($000s, except as noted) 2018 2017 Change 2018 2017 Change Royalty and other revenue 40,153 38,430 4 % 79,519 79,521 - Net income 5,386 13,084 -59 % 9,809 [Read more]
Razor Energy Corp. Announces Second Quarter 2018 Results
CALGARY, Alberta, Aug. 02, 2018 (GLOBE NEWSWIRE) -- Razor Energy Corp. (“Razor” or the “Company”) (TSXV: RZE) is pleased to announce its second quarter 2018 financial and operating results. Selected financial and operational information is outlined below and should be read in conjunction with Razor’s unaudited condensed consolidated interim financial statements and management’s discussion and analysis for the quarter ended June 30, 2018 which are available on SEDAR at www.sedar.com and the [Read more]
Feds mull further changes to carbon tax plan amid U.S. tax changes and tariffs
OTTAWA - The federal carbon pricing system for heavy emitters, softened last week to ease the impact on Canadian industry, could be amended even further this fall as Ottawa looks to address competitiveness fears in corporate Canada fuelled by U.S. tax cuts, tariffs and environmental policy roll backs. Environment Canada also now has to consult on the proposed plan with more than a dozen industrial sectors specific to Ontario that weren't originally expected to be affected by the federal [Read more]
Canadian Natural unveils plan to add 100,000 bpd of Horizon oilsands output
CALGARY - Canadian Natural Resources Ltd. said Thursday it will spend an additional $170 million this year to advance projects that could add almost 100,000 barrels per day of production at its Horizon oilsands mine in northern Alberta. The Calgary-based company said its increased spending will be used to advance engineering and buy equipment for the projects which could be constructed through 2019 and 2020. Canadian Natural will present "a clear execution strategy and cost estimates for [Read more]
Bidder selected to buy insolvent oilsands producer Connacher for $113.5M
CALGARY - Insolvent junior oilsands producer Connacher Oil and Gas Ltd. says a buyout bid by East River Oil and Gas Ltd. has been selected in a court-supervised sales process. Documents show East River would pay $113.5 million to buy Connacher if the deal is approved by the courts and company creditors later this year. The transaction would allow Connacher to exit Companies' Creditors Arrangement Act protection after more than two years. The sales process was launched in March after [Read more]
Junex Announces Shareholder Approval of Arrangement
QUÉBEC CITY, Aug. 02, 2018 (GLOBE NEWSWIRE) -- Junex Inc. (“Junex”) (TSXV:JNX) is pleased to announce that its shareholders have voted to approve its proposed business combination with Cuda Energy Inc. (“Cuda”) by way of plan of arrangement (the “Arrangement”) at a special meeting of Junex’s shareholders (the “Meeting”) held earlier today. A total of 51,829,100 shares, representing 58.5% of Junex’s total outstanding shares, were voted at the Meeting. Of the votes cast, 51,258,569 (representing [Read more]
Iron Bridge Responds to Velvet Energy’s Continued Misleading Attacks, Recommends That Shareholders REJECT Velvet’s Undervalued, Hostile Offer
Velvet’s Predatory Cash Offer Significantly Undervalues Iron Bridge’s Assets and Deprives its Shareholders of Substantial Upside Potential White Knight and Strategic Alternatives Process Continues to Advance CALGARY, Alberta – July 31, 2018 – Iron Bridge Resources Inc. (“Iron Bridge”, “IBR” or the “Company”) (TSX: IBR) today responded to a desperate campaign of misinformation recently presented by Velvet Energy Ltd (“Velvet Energy” or “Velvet”), intended to mislead Iron Bridge shareholders [Read more]
Junex Inc. Determines That Most Recent Utica Offer Does Not Constitute Superior Proposal
QUEBEC CITY, Aug. 02, 2018 (GLOBE NEWSWIRE) -- Junex Inc. (“Junex”) (TSXV:JNX) announces that it has determined that the unsolicited offer announced on July 31, 2018 from Utica Resources Inc. (“Utica”) to acquire all of the outstanding common shares of Junex or, alternatively, 50% of such shares not already controlled by an affiliate of Utica (the “Utica Offer”) does not constitute a “Superior Proposal” under the arrangement agreement dated June 8, 2018 (the “Arrangement Agreement”) between [Read more]
Connacher Oil and Gas Limited Announces Entering Into of CCAA Acquisition and Plan Sponsorship Agreement and Purchase and Sale Agreement with East River Oil and Gas Ltd.
CALGARY, Aug. 2, 2018 /CNW/ - Connacher Oil and Gas Limited ("Connacher" or the "Company") is pleased to announce that East River Oil and Gas Ltd. (the "Plan Sponsor") has been selected as the "Successful Bidder" pursuant to the sale and investment solicitation process (the "SISP") conducted in Connacher's proceeding under the Companies' Creditors Arrangement Act (the "CCAA"). On May 17, 2016, Connacher previously announced that it had obtained creditor protection under the CCAA pursuant to [Read more]