CALGARY - Shares in MEG Energy Corp. soared in early trading following a hostile takeover offer announced Sunday by Husky Energy Inc. MEG shares were up $2.94 or about 37 per cent at $10.97 in early trading on the Toronto Stock Exchange after going as high as $11.70. Husky shares were down $1.63 or about seven per cent at $21.05. The hostile offer is a combination of cash or shares worth $11 for each MEG share. The maximum cash available under the deal is capped at $1 billion and the [Read more]
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Tidewater announces definitive agreements with TransAlta, provides an update on Pipestone Montney and announces crude oil infrastructure agreements
CALGARY, Oct. 1, 2018 /CNW/ - Definitive Agreement with TransAlta Corporation for intra-Alberta pipeline Tidewater Midstream and Infrastructure Ltd. ("Tidewater" or the "Corporation") announces today that it and TransAlta Corporation ("TransAlta") have executed definitive agreements (the "Definitive Agreements") for the construction, operation and tolls payable with respect to the previously announced pipeline connecting Tidewater's Brazeau River Complex to TransAlta's generating units [Read more]
NuVista Energy Ltd. Announces Upsizing and Commencement of Pipestone South Block Development
CALGARY, Alberta, Oct. 01, 2018 (GLOBE NEWSWIRE) -- NuVista Energy Ltd. ("NuVista" or the "Company") (TSX:NVA) is pleased to announce the commencement of development for our Pipestone South block of land. NuVista would like to confirm we have received internal board approval as well as regulatory approval from the Alberta Energy Regulator for the construction of the Pipestone South compressor station west of Grande Prairie, Alberta. This compressor station has been upsized 50% from original [Read more]
Razor Energy Corp. Announces Transition to a Sustainable Junior Light Oil Dividend and Growth Company and Confirms Cash Dividend for September 2018 Payable October 31, 2018
CALGARY, Alberta, Oct. 01, 2018 (GLOBE NEWSWIRE) -- Razor Energy Corp. (“Razor” or the “Company”) (TSXV: RZE) announces that the September 2018 monthly cash dividend will be $0.0125 per share which will be paid on October 31, 2018. The record date for the dividend is October 15, 2018 and the ex-dividend date is October 12, 2018. The dividend will be paid monthly and is subject to commodity prices, production levels, and other factors. The dividend is considered an "eligible dividend" for tax [Read more]
Encana announces agreement to sell its San Juan assets
CALGARY, Alberta, Oct. 01, 2018 (GLOBE NEWSWIRE) -- Encana Corporation (Encana) (TSX, NYSE: ECA), announced today that its wholly-owned subsidiary, Encana Oil & Gas (USA) Inc., has reached an agreement to sell its San Juan assets, located in New Mexico for US$480 million to Denver-based DJR Energy, LLC. “This transaction is consistent with our strategy and our objective of delivering quality returns to our shareholders. It adds to our financial strength and is aligned with our focus on [Read more]
Practical DST Interpretation & Hydrodynamic Exploration Methods courses being offered in Calgary.
On October 22-23, 2018 Melange Geoscience will be teaching the course Practical DST Interpretation based on the course developed and taught by Hugh W Reid. This is one of the fundamental industry courses for petroleum Geologists and Engineers, instructing participants the tools to understand, interpret and extract valuable information for historical DST’s. The course will be taught in geoLogic Systems Calgary offices. Additional information regarding the course can be found at Practical DST [Read more]
MEG Energy Responds to Husky Energy’s Announcement of an Intention to Make an Unsolicited Offer
Shareholders Advised to Take No Action Pending Review of Offer CALGARY, Sept. 30, 2018 /CNW/ - MEG Energy Corp. (TSX: MEG) ("MEG" or the "Company") acknowledges today's announcement by Husky Energy Inc. ("Husky") that Husky intends to make an unsolicited offer to acquire all of the issued and outstanding common shares of MEG. The MEG Board of Directors will consider and evaluate the Husky offer and related take-over bid circular, if and when received. To assist the Board in this process [Read more]
Husky Energy Proposes to Acquire MEG Energy for $11 per Share in Cash and Shares in Transaction Valued at $6.4 Billion
Delivers immediate 44% premium for MEG shareholders Opportunity to participate in Husky’s dividend, currently yielding 2.2%, with potential for future increases Accretive to Husky’s free cash flow, funds from operations and earnings while maintaining Husky’s strong balance sheet and low-risk profile Expected $200 million in identified annual financial, operational and other synergies Transaction will immediately deliver – and exceed – MEG’s announced Vision 2020 financial targets Better [Read more]
Mock you like a hurricane: “How about you drive a Prius, we’ll hold climate conferences in various tropical paradises, and we’ll let you know where you’re coming up short, ok?”
“Climate change is real, it is happening right now. It is the most urgent threat facing our entire species, and we need to work collectively together and stop procrastinating.” Leonardo DiCaprio “And there’s no question that there are contradictions. I just flew in from Japan. And flying is a very carbon-intensive activity…I contribute to putting green energy in continents like Africa. This is just to compensate for what I’ve put out – it doesn’t mean I’ve reduced my footprint.” [Read more]
LNG Canada project would provide new market, says Canada’s largest gas producer
BANFF, Alta. - A positive final investment decision for LNG Canada could eventually encourage other projects to follow suit, creating demand needed to soak up Western Canada's glut of natural gas, producers say. The projects would eventually provide a market for gas companies that are now discouraged from increasing production by low prices linked to fierce U.S. competition and Canadian pipeline capacity shortfalls, said Steve Laut, executive vice-chairman of Canada's largest natural gas [Read more]