You could save thousands of dollars in taxes if the Canadian Taxpayers Federation is allowed to intervene in (and helps win) an upcoming court case against the new federal carbon tax. And if we’re successful in a second, unrelated court case about pipelines, Canada’s economy could benefit from thousands of new private sector jobs. Not to mention the billions in tax revenue that governments would receive if the Trans Mountain pipeline project goes ahead – money that could be used to help pay [Read more]
Headlines
Canada Weekly Rig Count Down 7 to 79
Western Canada’s fleet of drilling rigs went down 7 to 79 according to data collected by Baker Hughes for the week of May 11th. From one week ago, Alberta rig counts decreased from 68 to 62 Saskatchewan's rig count increased from 3 to 4. Oil drilling went from 37 to 32; gas rigs went from 49 to 47. View a full breakdown of western Canada’s rig activity. [Read more]
Stubbs: Liberals Failing to Take Action on Trans Mountain Expansion
With only nine legislative days left before Kinder Morgan’s May 31st deadline, the Liberal government has run out of time to pass legislation to remove roadblocks and delays for the approved expansion of the Trans Mountain pipeline. A month ago, the Prime Minister explicitly promised to introduce legislation to ensure that this important project would be able to proceed. Now, after failing to take action for a year and a half, he is claiming that the only option may be to force taxpayers to [Read more]
U.S. drillers add oil rigs for sixth consecutive week
(Reuters) - U.S. energy companies added oil rigs for a sixth week in a row as crude prices continue to soar to multi-year highs after new sanctions on Iran are anticipated to take some supply out of the market, further supporting U.S. drilling and pushing production to record highs. Drillers added 10 oil rigs in the week to May 11, bringing the total count to 844, the highest level since March 2015, General Electric Co’s Baker Hughes energy services firm said in its closely followed report on [Read more]
Obsidian Energy Announces First Quarter 2018 Financial and Operational Results
CALGARY, May 11, 2018 /CNW/ - OBSIDIAN ENERGY LTD. (TSX/NYSE – OBE) ("Obsidian Energy", the "Company", "we", "us" or "our") is pleased to announce its financial and operational results for the three months ended March 31, 2018. All figures are in Canadian dollars unless otherwise stated. David French, President and CEO commented, "Obsidian Energy had another solid quarter of drilling success, especially with momentum building in Willesden Green where our results continue to exceed [Read more]
Granite Oil Corp. Provides Operational and Strategic Alternatives Update and Reports First Quarter, 2018 Financial Results
CALGARY, Alberta, May 10, 2018 (GLOBE NEWSWIRE) -- GRANITE OIL CORP. (“Granite” or the “Company”) (TSX:GXO)(OTCQX:GXOCF) is pleased to provide an operational update and report its financial and operational results and for the three months ended March 31, 2018. Operational Update Granite has drilled and completed two wells to date in 2018. The first well was drilled on 200 meter offset spacing in the first quarter in its Pod 2 area and was recently followed by a well drilled on 400 meter [Read more]
InPlay Oil Corp. Announces First Quarter 2018 Financial and Operating Results Highlighted by a 24% Increase in Light Oil Production
CALGARY, Alberta, May 10, 2018 (GLOBE NEWSWIRE) -- InPlay Oil Corp. (TSX:IPO) (OTCQX:IPOOF) (“InPlay” or the “Company”) announces its financial and operating results for the three months ended March 31, 2018. InPlay’s condensed unaudited interim financial statements and notes, as well as management’s discussion and analysis (“MD&A”) for the three months ended March 31, 2018 will be available shortly on the System for Electronic Document Analysis and Retrieval (“SEDAR”) and our website [Read more]
Eagle Energy Inc. Announces First Quarter 2018 Results and Confirms Annual General Meeting Date
CALGARY, May 10, 2018 /CNW/ - (TSX: EGL): Eagle Energy Inc. ("Eagle") is pleased to report its financial and operating results for the first quarter ended March 31, 2018. As a reminder, Eagle's annual general meeting ("AGM") will be held on June 26, 2018 at 10:00 a.m. at Altius Centre, 2nd Floor, 500 - 4 Avenue SW, Calgary for shareholders of record on May 14, 2018. When reflecting on Eagle's first quarter performance, Wayne Wisniewski, President and Chief Executive Officer, stated, [Read more]
Cardinal Energy Ltd. Announces First Quarter 2018 Results
CALGARY, Alberta, May 10, 2018 (GLOBE NEWSWIRE) -- Cardinal Energy Ltd. ("Cardinal" or the "Company") (TSX:CJ) is pleased to announce its operating and financial results for the quarter ended March 31, 2018. The Company also announces that its unaudited financial statements and management's discussion and analysis for the quarter ended March 31, 2018, will be available on the System for Electronic Document Analysis and Retrieval ("SEDAR") at www.sedar.com and on Cardinal's website at [Read more]
Chinook Energy Inc. Announces First Quarter 2018 Results
CALGARY, Alberta, May 10, 2018 (GLOBE NEWSWIRE) -- Chinook Energy Inc. ("our", "we", or "us") (TSX:CKE) is pleased to announce its first quarter of 2018 financial and operating results. Our operational and financial highlights for the three months ended March 31, 2018 are noted below and should be read in conjunction with our condensed consolidated financial statements for the three months ended March 31, 2018 and 2017 and our related management’s discussion and analysis which have been posted [Read more]