Several media outlets have reported liability estimates provided by the AER in presentations to industry. We want to apologize for the concern and confusion that this information has caused. The numbers are staggering – $260 billion in total liability, which is $200 billion more than we have consistently reported. This particular estimate was created for a presentation to try and hammer home the message to industry that the current liability system needs improvement. While the message to [Read more]
Headlines
Baytex Reports Strong Q3 2018 Results and Significant Duvernay Light Oil Discovery
CALGARY, Alberta, Nov. 02, 2018 (GLOBE NEWSWIRE) -- Baytex Energy Corp. ("Baytex") (TSX, NYSE: BTE) reports its operating and financial results for the three and nine months ended September 30, 2018 (all amounts are in Canadian dollars unless otherwise noted). “Our strategic combination has repositioned Baytex as a North American crude oil producer with strong free cash flow and an improved balance sheet. We have completed the integration while delivering excellent drilling results, [Read more]
Zargon Oil & Gas Ltd. Announces Financing Agreement for $3.5 Million (USD) Term Debt
TSX SYMBOLS: ZAR; ZAR.DB.A CALGARY, Alberta, Nov. 02, 2018 (GLOBE NEWSWIRE) -- Zargon Oil & Gas Ltd. (“Zargon” or the “Company”) announces that it has entered into a financing agreement for $3.5 million (USD) term debt with private investment funds advised by JGB Capital Management, LP. The proceeds of the financing will be utilized for low risk oil exploitation capital projects and general corporate purposes. The loan is secured by all U.S. assets of Zargon. The loan bears interest at 11% [Read more]
Imperial earns $749 million in the third quarter of 2018
CALGARY, Alberta--(BUSINESS WIRE)--Imperial Oil Limited (TSX:IMO): $1.2 billion cash generated from operations; strong performance across all business lines Record gross production at Kearl of 244,000 barrels per day; 202,000 barrels per day year-to-date Nearly $600 million returned to shareholders through dividends and share purchases Third quarter Nine months millions of Canadian dollars, unless [Read more]
Enbridge Inc. Reports Strong Third Quarter 2018 Results and Significant Progress on Strategic Priorities
CALGARY, Nov. 2, 2018 /PRNewswire/ - Enbridge Inc. (Enbridge or the Company) (TSX:ENB) (NYSE:ENB) today reported third quarter 2018 financial results and provided a quarterly business update. THIRD QUARTER 2018 HIGHLIGHTS (all financial figures are unaudited and in Canadian dollars unless otherwise noted) GAAP loss of $90 million or $0.05 loss per common share for the third quarter, compared to earnings of $765 million or $0.47 earnings per common share in the third quarter of 2017, [Read more]
Enbridge Suspends Dividend Reinvestment and Share Purchase Plan
CALGARY, Nov. 2, 2018 /CNW/ - Enbridge Inc. (Enbridge or the Company) (TSX: ENB) (NYSE: ENB) announced today that the Company has determined to suspend, effective immediately, its dividend reinvestment and share purchase plan (DRIP) until further notice. As a result, shareholders only receive dividends in cash effective with the dividend currently scheduled to be paid on December 1, 2018, to shareholders of record on November 15, 2018. If Enbridge elects to reinstate the DRIP in the future, the [Read more]
Bellatrix Exploration Ltd. Announces Third Quarter 2018 Financial and Operating Results
CALGARY, Alberta, Nov. 01, 2018 (GLOBE NEWSWIRE) -- Bellatrix Exploration Ltd. (“Bellatrix”, "we", "us", "our" or the “Company”) (TSX, NYSE: BXE) announces its financial and operating results for the three and nine months ended September 30, 2018. This press release contains forward-looking statements. Please refer to our cautionary language on forward-looking statements and the other matters set forth at the end of this press release and the beginning of the Management’s Discussion and [Read more]
Advantage Announces Record Third Quarter 2018 & Three Year Plan to Accelerate Glacier / Pipestone Area Condensate & Light Oil Growth
CALGARY, Nov. 1, 2018 /CNW/ - Advantage Oil & Gas Ltd. ("Advantage" or the "Corporation") is pleased to announce strong third quarter 2018 results which included record production of 45,611 boe/d (273.7 mmcfe/d), up 29% from the second quarter of 2018 and up 20% from the same period in 2017. Liquids production increased 69% to a record 1,804 bbls/d compared to the second quarter of 2018, up 29% from the same period of 2017. Advantage exited the third quarter of 2018 with liquids production [Read more]
Cardinal Energy Ltd. Announces Third Quarter 2018 Results
CALGARY, Alberta, Nov. 01, 2018 (GLOBE NEWSWIRE) -- (TSX: CJ) Cardinal Energy Ltd. ("Cardinal" or the "Company") is pleased to announce its operating and financial results for the quarter ended September 30, 2018. The Company's unaudited financial statements and management's discussion and analysis for the quarter ended September 30, 2018, will be available on the System for Electronic Document Analysis and Retrieval ("SEDAR") at www.sedar.com and on Cardinal's website [Read more]
TransCanada Reports Record Third Quarter Financial Results
Funding Complete for 2018 Capital Program CALGARY, Alberta, Nov. 01, 2018 (GLOBE NEWSWIRE) -- TransCanada Corporation (TSX, NYSE: TRP) (TransCanada or the Company) today announced net income attributable to common shares for third quarter 2018 of $928 million or $1.02 per share compared to net income of $612 million or $0.70 per share for the same period in 2017. Comparable earnings for third quarter 2018 were $902 million or $1.00 per share compared to $614 million or $0.70 per share for the [Read more]