CALGARY, Alberta, May 03, 2018 (GLOBE NEWSWIRE) -- Seven Generations (TSX:VII) delivered funds from operations of $381 million or $1.05 per share in the first quarter, generating a trailing 12-month return on capital employed of 10.4 percent and a cash return on invested capital of 18.1 percent. Condensate production averaged 67,285 barrels per day (bbls/d), up 30 percent from the first quarter of 2017. Total production increased 23 percent to 187,686 barrels of oil equivalent (boe/d), with [Read more]
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Crescent Point Announces Q1 2018 Results With Production Exceeding Targets, Reduced Annual Capital Expenditures and a $225 Million Non-Core Disposition
CALGARY, Alberta, May 03, 2018 (GLOBE NEWSWIRE) -- Crescent Point Energy Corp. ("Crescent Point" or the "Company") (TSX:CPG) (NYSE:CPG) is pleased to announce its operating and financial results for the quarter ended March 31, 2018. KEY HIGHLIGHTS Exceeded first quarter average production budget and currently ahead of expectations for second quarter 2018. Reduced 2018 capital expenditures by $25 million and targeting a total payout ratio of less than 100 percent. Finalizing agreement [Read more]
Enerplus Announces First Quarter 2018 Results
CALGARY, May 3, 2018 /CNW/ - Enerplus Corporation ("Enerplus" or the "Company") (TSX & NYSE: ERF) is pleased to announce first quarter 2018 operating and financial results. The Company reported first quarter 2018 net income of $29.6 million or $0.12 per share. HIGHLIGHTS 2018 adjusted funds flow expected to exceed capital expenditures and dividends by approximately $100 million based on current forward strip pricing Strong growth underway with second quarter liquids production [Read more]
Canadian Natural Resources Limited Announces 2018 First Quarter Results
CALGARY, Alberta, May 03, 2018 (GLOBE NEWSWIRE) -- Commenting on first quarter 2018 results, Steve Laut, Executive Vice-Chairman of Canadian Natural stated, "The strength of our well balanced and diverse portfolio, combined with our long life low decline asset base, delivered a strong first quarter for Canadian Natural. Our balanced production mix is a key component of our strategy to create shareholder value throughout the commodity price cycle. In 2018, the Company remains focused on [Read more]
Op Ed: Balkissoon column in Globe misses the mark
Dear Ms. Denise Balkissoon, As a former Ontario resident who grew up in Ottawa, but now live and work in Alberta, I view your recent article as words seeking a timely headline. "To be a climate hawk living in Ontario is complicated. Without a doubt, climate change is a global emergency, one that requires immediate, drastic action, including the rapid phasing-out of fossil fuels. At the same time, I know that’s an easy position to take when no one I know works in oil or gas." “I’m glad the oil [Read more]
BlackPearl Announces First Quarter 2018 Financial and Operating Results
CALGARY, May 2, 2018 /CNW/ - BlackPearl Resources Inc. ("BlackPearl" or the "Company") (TSX: PXX) (NASDAQ Stockholm: PXXS) is pleased to announce its financial and operating results for the three months ended March 31, 2018. Highlights include: At Onion Lake, construction of the phase 2 thermal expansion project was completed during the quarter and we commenced steam injection in the first pad of wells in February and into the second pad of wells in March. In late April, we converted the [Read more]
Bellatrix Announces Acquisition and Retirement of US$10 Million of Its Senior Unsecured Notes Due 2020
CALGARY, Alberta, May 02, 2018 (GLOBE NEWSWIRE) -- Bellatrix Exploration Ltd. (“Bellatrix” or the “Company”) (TSX:BXE) (NYSE:BXE) today announces that it has entered into an exchange agreement with a holder (the "Holder") of its 8.50% senior unsecured notes due May 15, 2020 (the “Senior Notes”) to exchange in a privately negotiated transaction, US$10 million aggregate principal amount of the Senior Notes for 7,081,837 common shares of Bellatrix. Pursuant to the exchange agreement, the Senior [Read more]
Alberta to hold talks on crude transport with producers, railways -minister
CALGARY, Alberta (Reuters) - Alberta will hold talks with rail operators and oil producers aimed at smoothing the path to get more crude moving by rail amid a transportation bottleneck in the Western Canadian province, Alberta’s energy minister said on Wednesday. The first session on Friday will include senior executives from Canada’s top oil producers and the two main railways, Canadian Pacific Railway and Canadian National Railway, the minister, Margaret McCuaig-Boyd, told reporters at a [Read more]
ARC Resources Ltd. Reports First Quarter 2018 Financial and Operating Results
CALGARY, May 2, 2018 /CNW/ - (ARX - TSX) ARC Resources Ltd. ("ARC") is pleased to report its first quarter 2018 financial and operating results. First quarter production averaged 131,016 boe per day, net income was $54.9 million ($0.16 per share), and funds from operations totaled $201.0 million ($0.57 per share). ARC's unaudited condensed interim financial statements and notes ("financial statements"), as well as ARC's Management's Discussion and Analysis ("MD&A") as at and for the three [Read more]
Whitecap Resources Inc. Announces First Quarter 2018 Results and 5% Dividend Increase
CALGARY, May 2, 2018 /CNW/ - Whitecap Resources Inc. ("Whitecap" or the "Company") (TSX: WCP) is pleased to report its operating and unaudited financial results for the three months ended March 31, 2018. Selected financial and operating information is outlined below and should be read with Whitecap's unaudited interim consolidated financial statements and related Management's Discussion and Analysis ("MD&A") which are available at www.sedar.com and on our website at [Read more]