CALGARY, Nov. 8, 2018 /CNW/ - Inter Pipeline Ltd. ("Inter Pipeline") (TSX: IPL) today announced record financial and operating results for the three and nine month periods ended September 30, 2018. Third Quarter Highlights Funds from operations (FFO) totalled a quarterly record of $300 million, an 11 percent increase over third quarter 2017 NGL processing business generated quarterly record FFO of $135 million Net income for the quarter was a record $169 million, a 19 percent [Read more]
Headlines
ARC Resources Ltd. Reports Third Quarter 2018 Financial and Operational Results and Announces 2019 Budget
CALGARY, Nov. 8, 2018 /CNW/ - (ARX - TSX) ARC Resources Ltd. ("ARC" or "the Company") is pleased to report its third quarter 2018 financial and operational results. Third quarter production averaged 135,410 boe per day, net income was $45.1 million ($0.13 per share), funds from operations totaled $205.0 million ($0.58 per share), and net debt was $667.8 million as at September 30, 2018. ARC's unaudited condensed interim financial statements and notes ("financial statements"), as well as ARC's [Read more]
ARC Resources Ltd. Announces $775 Million Capital Program for 2019 That Will Advance Multi-year Infrastructure Development Projects at Attachie West, Dawson, and Ante Creek
CALGARY, Nov. 8, 2018 /CNW/ - (ARX - TSX) ARC Resources Ltd. ("ARC" or "the Company") announced today that its Board of Directors has approved a $775 million capital program for 2019 that focuses on profitable organic liquids growth to deliver a meaningful cash flow per share increase over the long term. The 2019 budget focuses on maintaining ARC's strong financial position, improving ARC's competitive capital and operating efficiencies, and profitably developing ARC's Montney assets to drive [Read more]
Government of Canada introduces legislation for responsible co-management of Arctic resources
OTTAWA, Nov. 8, 2018 /CNW/ - The Government of Canada is taking action to protect Canada's rich natural environment, respect the rights and interests of Indigenous peoples, and support a resilient Canadian natural resource sector, in order to help ensurea healthy environment and prosperous future for Northern communities. Today, the Honourable Dominic LeBlanc, Minister of Intergovernmental and Northern Affairs and Internal Trade, introduced Bill C-88, An Act to Amend the Mackenzie [Read more]
Energy companies roll out production cuts along with third-quarter results
CALGARY - Production cutbacks and deferred drilling programs are emerging as a common theme as Calgary-based oil and gas companies elect to leave barrels in the ground rather than sell at current low prices. In third-quarter results released this week, energy companies large and small say they are avoiding wider-than-usual price discounts compared with U.S. benchmark prices blamed on difficulty in getting barrels to market due to full export pipelines. At least 110,000 barrels per day of [Read more]
Mishaps put spotlight on Irving family’s relationship with Saint John, N.B.
SAINT JOHN, N.B. - It's been a tough month for one of Canada's wealthiest families. The Irvings of New Brunswick are facing renewed scrutiny after a major industrial accident at the Irving Oil refinery in Saint John — one month ago Thursday — and three guilty pleas the following day from Irving Pulp and Paper for polluting the Saint John River. The sudden spate of bad publicity has drawn into sharp focus the delicate relationship between the Irving group of companies and the 69,000 [Read more]
Obsidian Energy Announces Third Quarter 2018 Financial and Operational Results
CALGARY, Nov. 8, 2018 /CNW/ - OBSIDIAN ENERGY LTD. (TSX – OBE, NYSE – OBE.BC) ("Obsidian Energy", the "Company", "we", "us" or "our") is pleased to announce its financial and operational results for the three and nine months ended September 30, 2018. All figures are in Canadian dollars unless otherwise stated. David French, President and CEO commented, "The third quarter results are a combination of excitement over the initial results from the second half of 2018 ("2H18") [Read more]
Perpetual Energy Inc. Releases Third Quarter 2018 Financial and Operating Results and Provides 2019 Guidance
CALGARY, Nov. 8, 2018 /CNW/ - (TSX:PMT) - Perpetual Energy Inc. ("Perpetual", the "Corporation" or the "Company") is pleased to release its third quarter 2018 financial and operating results, and provide capital spending guidance for 2019. A complete copy of Perpetual's unaudited condensed interim consolidated financial statements and related Management Discussion and Analysis ("MD&A") for the three and nine months ended September 30, 2018 can be obtained through the Company's website [Read more]
Enbridge Inc. and Enbridge Income Fund Holdings Inc. Complete Plan of Arrangement
CALGARY, Nov. 8, 2018 /CNW/ - Enbridge Inc. (TSX: ENB) (NYSE: ENB) (Enbridge) and Enbridge Income Fund Holdings Inc. (TSX: ENF) (ENF or the Company) today completed the previously announced plan of arrangement (the Arrangement). The Arrangement involved the acquisition by Enbridge of all of the issued and outstanding ENF shares not already owned by Enbridge, resulting in ENF becoming a wholly-owned subsidiary of Enbridge. Effective today, ENF shareholders are entitled to receive, for each [Read more]
Bonterra Energy Corp. Announces Third Quarter 2018 Financial and Operational Results
CALGARY, Alberta, Nov. 07, 2018 (GLOBE NEWSWIRE) -- Bonterra Energy Corp. (www.bonterraenergy.com) (TSX: BNE) (“Bonterra” or the “Company”) is pleased to announce its operating and financial results as at and for the three and nine months ended September 30, 2018. The related unaudited condensed financial statements and notes, as well as management’s discussion and analysis (“MD&A”), are available on SEDAR at www.sedar.com and on Bonterra’s website [Read more]