CALGARY - The National Energy Board says Canadian oil exports rose by 6.5 per cent last year to 3.3 million barrels per day despite an increase in light shale oil production in the United States, Canada's biggest customer and competitor. The federal regulator says heavy crude made up 77 per cent or 2.5 million bpd of Canadian exports, continuing a trend that has resulted in such exports rising by 48 per cent over the past five years as new oilsands projects come on stream in Alberta. Light [Read more]
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Feds have options to cut risk for Trans Mountain pipeline investors, says Carr
OTTAWA - Natural Resources Minister Jim Carr says Canada is considering several ways to reduce the financial risk for Kinder Morgan investors spooked by the uncertainty plaguing the planned Trans Mountain pipeline expansion. Carr says the government is still examining its options, but won't commit to a course of action before Sunday, when Prime Minister Justin Trudeau is to meet with the premiers of British Columbia and Alberta. Ottawa's options include buying a stake in the pipeline to [Read more]
Cation Capital: Crescent Point is a Broken Company – Shareholders, this is Your Opportunity to Fix It
CALGARY, Alberta--(BUSINESS WIRE)--Cation Capital Inc. (together with its affiliates and associates, “Cation Capital” or “Cation”), a private investment firm, today issued the following statement to shareholders of Crescent Point Energy Corp (TSX/NYSE: CPG) (“Crescent Point”) in connection with Crescent Point’s 2018 Annual General Meeting of Shareholders to be held on May 4, 2018. Shareholders of record as of March 22, 2018, are entitled to vote at this meeting. Sandy L. Edmonstone, President [Read more]
U.S. drillers add oil rigs for second consecutive week
U.S. energy companies added oil rigs for a second week in a row as energy firms follow through on plans to spend more on drilling this year with crude prices at three-year highs. Drillers added seven oil rigs in the week to April 13,bringing the total count to 815, the highest level since March 2015, General Electric Co's Baker Hughes energy services firm said in its closely followed report on Friday. The U.S. rig count, an early indicator of future output, is much higher than a year ago [Read more]
Enbridge President of Gas Distribution and Power shares her insight on Safety Culture at Calgary Operational Excellence Summit
Cynthia Hansen, President of Gas Distribution and Power at Enbridge Gas Distribution, will be joining the list of 40+ keynote speakers at the upcoming Operational Excellence in Energy, Chemicals & Resources Summit, taking place in Calgary this June. Cynthia will discuss how oil and gas companies can enable safe and reliable operations during times of volatility and how to create the business case for improved operational discipline. Over 250 Operations, HSE, OE, Maintenance and [Read more]
Razor Energy Corp. Announces Fourth Quarter and 2017 Year End Results
CALGARY, Alberta, April 13, 2018 (GLOBE NEWSWIRE) -- Razor Energy Corp. (“Razor” or the “Company”) (TSXV:RZE) (www.razor-energy.com) is pleased to announce its fourth quarter 2017 financial and operating results. Selected financial and operational information is outlined below and should be read in conjunction with Razor’s audited consolidated financial statements and management’s discussion and analysis for the year ended December 31, 2017, which are available on SEDAR at www.sedar.com and the [Read more]
Calgary Fun Money Casino Winning it Big for Crohn’s and Colitis
Join us for this fun-filled night where you can play poker, blackjack, roulette and more! Crohn's and Colitis Canada promises to find the cures for Crohn's and colitis and improve the lives of children and adults affected by these diseases. Your support of this event will go towards our Crohn’s & Colitis – Make it stop. For life. campaign to raise $100 million by 2020 to transform lives. Saturday, April 21, 2018 Doors open at 6:30 pm The evening will feature: A cocktail reception [Read more]
Marquee Energy Ltd. Announces 2017 Financial and Operating Results and Q1 Operational Update
CALGARY, April 12, 2018 /CNW/ - Marquee Energy Ltd. ("Marquee" or the "Company") (TSXV: "MQX") is pleased to report it's financial and operating results for the year ended December 31, 2017 and provide an operational update for the first quarter of 2018. Marquee's audited annual Financial Statements as well as the corresponding Management's Discussion and Analysis for 2017 are available on its website www.marquee-energy.com as well as on SEDAR at www.sedar.com. Q4 2017 HIGHLIGHTS [Read more]
Crescent Point Energy Releases Letter to Shareholders; Warns Cation Will Derail Momentum and Put Shareholders’ Investments at Risk
CALGARY, Alberta, April 12, 2018 (GLOBE NEWSWIRE) -- Crescent Point Energy Corp. (“Crescent Point” or the “Company”) (TSX:CPG) (NYSE:CPG) announced today that it has filed a letter to shareholders addressing Cation Capital Inc.’s (“Cation”) nomination of four individuals to stand for election to Crescent Point’s Board of Directors (the “Board”) at its 2018 Annual General Meeting. The Board strongly recommends that shareholders vote on the WHITE proxy or Voting Instruction Form for all [Read more]
Alberta premier ready to talk but wants action at Trans Mountain meeting
EDMONTON - Alberta Premier Rachel Notley says she will attend a meeting about the Trans Mountain pipeline in good faith and with an open mind, but the bottom line is the expansion project must get built without delay. Notley also says she will bring in legislation next week that would allow her to curtail oil shipments to British Columbia — regardless of the outcome of her Sunday meeting with Prime Minister Justin Trudeau and B.C. Premier John Horgan. Such action is expected to cause gas [Read more]