Shareholders Advised to Take No Action Pending Review of Offer CALGARY, Alberta--(BUSINESS WIRE)--$IBR #IronBridge--Iron Bridge Resources Inc. (“Iron Bridge”, “IBR” or the “Company”) (TSX: IBR) today confirmed that Velvet Energy Ltd. (“Velvet Energy”) has commenced an unsolicited tender offer to acquire all the issued and outstanding common shares of IBR at a price of $0.75 per share in cash (the “Velvet Offer”). The Iron Bridge Board of Directors, in consultation with independent financial [Read more]
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Cequence Energy Provides Credit Facility Update
CALGARY, May 29, 2018 /CNW/ - Cequence Energy Ltd. ("Cequence" or the "Company'') (TSX: CQE) is pleased to announce the Company has extended its Senior Credit borrowing capacity with its Syndicate of Lenders. The borrowing base has been reduced to $9 million (previously $12 million) with an extension term until July 31, 2018. The Company remains undrawn on its Senior Credit facility other than approximately $1.5 million in letters of credit. As at March 31, 2018, the Company had $74.5 million [Read more]
Connacher Announces Q1 2018 Results
CALGARY, May 29, 2018 /CNW/ - Connacher Oil and Gas Limited ("Connacher" or the "Company") announces its financial and operating results for the three months ended March 31, 2018 ("Q1 2018") (all amounts are in Canadian dollars unless otherwise noted). Q1 2018 Highlights Financial Q1 2018 revenue, net of royalties, decreased 28% to $33.9 million (Q1 2017 - $46.9 million), primarily due to unfavourable fixed price sales agreements and increased index exposure to the Western Canadian [Read more]
Canada pension funds may be long-term buyers of Kinder pipeline
TORONTO, May 29 (Reuters) - Canada’s biggest public pension funds could be long-term buyers of Kinder Morgan Canada Ltd’s Trans Mountain pipeline but are unlikely to invest until the $7.4 billion project has been built, several pension fund sources said on Tuesday. The Canadian government said on Tuesday it will buy the Trans Mountain assets for $4.5 billion, hoping to salvage a project that faces formidable political and environmental opposition. The pipeline is intended to move Canadian [Read more]
Keystone XL developer showers Nebraska with campaign cash
LINCOLN, Neb. - The developer of the Keystone XL pipeline is showering Nebraska public officials with campaign cash as it fights for regulatory approval in a state that is one of the last lines of resistance for the $8 billion project. A political action committee for TransCanada Inc. has donated more than $65,000 to campaigns within the last year, mostly to Republican state lawmakers, the Nebraska GOP and Gov. Pete Ricketts, according to an Associated Press review of campaign disclosure [Read more]
Pipeline fight continues, federal decision does not reduce spill risk: Horgan
VICTORIA - The politician leading the charge against the expansion of the Trans Mountain pipeline says the fight will continue in court, regardless of who owns the project. British Columbia Premier John Horgan said Tuesday the federal government's decision to take over the pipeline from Kinder Morgan doesn't change his government's position and it will proceed with its reference case to the B.C. Court of Appeal. Horgan said the case was never about who owns the pipeline, but whether B.C. [Read more]
Five Things: the next steps for getting the Trans Mountain project done
OTTAWA - The federal government announced a plan Tuesday to spend $4.5 billion on buying the Trans Mountain pipeline and most of current owner Kinder Morgan Canada's other assets in order to ensure a plan to twin the pipeline is allowed to proceed. Here are five things that have to happen next: 1. Shopping for a buyer. Kinder Morgan Canada and the federal government will spend the next eight weeks jointly trying to find another buyer for the pipeline. Kinder Morgan has agreed to take part in [Read more]
No need to turn off the taps for now in Trans Mountain fight: Alberta premier
EDMONTON - Alberta Premier Rachel Notley says she sees no immediate need to turn off the oil taps to British Columbia now that the federal government is taking over the Trans Mountain pipeline expansion. Notley says there is more certainty around the project than there has ever been and she doesn't plan to use her province's legislation to regulate the flow of oil exports for now. "Because the crisis has passed, at least for now … I don't know that we're going to be looking to exercise [Read more]
CEPA pleased Trans Mountain Expansion Project will be constructed, concerned government needed to purchase the project
The Canadian Energy Pipeline Association (CEPA) is pleased that the Trans Mountain Expansion Project (TMEP) will be constructed. Through its completion, TMEP will create thousands of jobs and deliver economic benefits across the entire country. Canada will continue to need major pipeline projects to deliver responsibly-produced Canadian energy to markets around the world while ensuring a fair price for our resources. CEPA is deeply concerned that the government needed to purchase the project [Read more]
New Oil and Gas Jobs From BOE Report Jobs
Here are the latest oil and gas job postings courtesy BOE Report Jobs. To search and filter all the latest jobs, visit the BOE Report job board. All job listings are free to post for companies. Sign up to create an account to post jobs; it’s simple and easy to use. Posting Date Job Title Company Location May. 29 APPRENTICE/ JOURNEYMAN HEAVY DUTY MECHANIC - (BRT) Trican Well Service Ltd. Brooks May. 28 Director Enterprise Reporting AltaGas Calgary May. [Read more]