CALGARY, Alberta, July 31, 2018 (GLOBE NEWSWIRE) -- Baytex Energy Corp. ("Baytex")(TSX, NYSE: BTE) reports its operating and financial results for the three and six months ended June 30, 2018 (all amounts are in Canadian dollars unless otherwise noted). “We continued to deliver on our operational and financial targets in the second quarter, which included strong drilling results in Canada and the Eagle Ford. In addition, we are excited to be moving forward with the proposed merger with Raging [Read more]
Headlines
U.S. sees little impact from Keystone XL pipeline’s planned route
The Keystone XL crude oil pipeline project cleared a hurdle on Monday as the Trump administration said in a draft environmental assessment that an alternative route through Nebraska would not do major harm to water and wildlife. The State Department's assessment of a plan for an alternative route through Nebraska submitted by TransCanada Corp , the company trying to complete the pipeline, said Keystone XL's cumulative effects would be "minor to moderate" on issues including water and [Read more]
Hope for natural gas prices? Listless markets say no, but they said the same about oil two years ago
A funny thing happens to people psychologically when our society/culture/economy gets very good at providing something, particularly for a long period of time: we simply take it for granted and don’t even think about it anymore. Clean water is a good example; in advanced economies, we don’t think twice about whether it will be there tomorrow to shower in or cook our food or flush the toilet. If there is a good side to annual flood seasons, when we observe cars and houses floating down rivers at [Read more]
Pulse Oil Corp. announces increased production
CALGARY, July 30, 2018 /PRNewswire/ - Pulse Oil Corp. ("Pulse" or the "Company") (TSX-V: PUL and PUL.WT) announces the Pulse team has recently added approximately 100 barrels of oil per day by reactivating another previously shut-in well from Pulse's 100% owned Bigoray area oil assets. In addition, Pulse has reactivated associated facilities and pipelines as planned, increasing Pulse's daily production to approximately 300 BOE/D (70% oil and liquids), and importantly, re-commissioning important [Read more]
Prairie Provident Announces Successful Princess Drilling Update
CALGARY, Alberta, July 30, 2018 (GLOBE NEWSWIRE) -- Prairie Provident Resources Inc. ("Prairie Provident", "PPR" or the "Company") is pleased to provide an operational update on successful drilling and completion results from its core Princess area. Corporate average daily production based on field estimates for the week ending July 27, 2018 was approximately 6,000 boe/d (74% liquids), a 30% increase over average daily Q1 2018 production. Based on current and projected production rates, [Read more]
Vermilion Energy Inc. Announces Results for the Three and Six Months Ended June 30, 2018
CALGARY, July 30, 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 six months ended June 30, 2018. The unaudited financial statements and management discussion and analysis for the three and six months ended June 30, 2018, will be available on the System for Electronic Document Analysis and Retrieval ("SEDAR") at www.sedar.com, on EDGAR at [Read more]
Iron Bridge’s Continued Operational Underperformance Underscores Rationale for Shareholders to Tender Their Shares to Velvet Energy’s Offer
Velvet Energy is offering Iron Bridge shareholders $0.75 in cash per common share, representing an immediate 58% premium to the $0.475 closing price of Iron Bridge common shares on May 11, 2018, the last trading day prior to the submission of Velvet’s offer letter to the Iron Bridge board of directors Iron Bridge’s recent results underscore ongoing destruction of shareholder value, confirming that the status quo is a risky and inferior alternative to Velvet’s all-cash premium Offer The [Read more]
Independent Proxy Advisory Firm Glass Lewis & Co. Recommends Junex Shareholders Vote for Plan of Arrangement
QUEBEC CITY, July 30, 2018 (GLOBE NEWSWIRE) -- Junex Inc. (“Junex”) (TSXV:JNX) announces that a second leading proxy advisory firm, Glass Lewis & Co. (“GL”), has recommended that Junex’s shareholders vote in favour of the special resolution to approve the plan of arrangement (the “Arrangement”) under which Junex would complete a business combination with Cuda Energy Inc. The special resolution will be considered at the special meeting of Junex shareholders to be held on August 2, 2018 at [Read more]
Cequence Energy Announces Refinancing of its $60 Million Notes, Planned Rights Offering, Operational Update, Outlook and Executive Team Update
CALGARY, July 27, 2018 /CNW/ - Cequence Energy Ltd. (TSX: CQE) ("Cequence" or the "Company"), is very pleased to announce a series of transactions that will refinance the Company's balance sheet, and thereby provide greater flexibility and liquidity to execute the ongoing business plan of the Company. Firstly, Cequence has entered into a refinancing agreement with CPPIB Credit Investments Inc. ("CII") providing for a $60 million second lien senior secured term loan facility due October 3, [Read more]
Trans Mountain pipeline work to resume in August: Kinder Morgan Canada boss
EDMONTON - The head of Kinder Morgan Canada says work is to resume next month to prepare a route for the Trans Mountain pipeline expansion. Ian Anderson says the company will secure, survey and prepare the right-of-way in coming months, and First Nations will monitor the work to look for traditional artifacts and medicines. "We anticipate laying physical pipe in a prepared, surveyed, environmentally protected right-of-way early next year," Anderson said Friday. A completion date for the [Read more]