CALGARY, Alberta, March 06, 2018 (GLOBE NEWSWIRE) -- Tamarack Valley Energy Ltd. (TSX:TVE) (“Tamarack” or the “Company”) is pleased to announce its financial and operating results for the three and twelve months ended December 31, 2017 and the results of its independent oil and gas reserves evaluation as of December 31, 2017, prepared by GLJ Petroleum Consultants Ltd. (“GLJ”). Selected financial, operational and reserves information is outlined below and should be read with Tamarack’s audited [Read more]
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Baytex Reports 2017 Results With 26% Increase in Adjusted Funds Flow, 6% Increase in Reserves and Strong Eagle Ford Performance
CALGARY, Alberta, March 06, 2018 (GLOBE NEWSWIRE) -- Baytex Energy Corp. ("Baytex") (TSX:BTE) (NYSE:BTE) reports its operating and financial results for the three months and year ended December 31, 2017 (all amounts are in Canadian dollars unless otherwise noted). “Our fourth quarter results demonstrate the impressive cash generating capability of our assets as commodity prices improve. With WTI averaging US$55/bbl, we realized our strongest operating netback in three years and generated [Read more]
Building an LNG Mega Project in Uncertain Times, Join Susannah Pierce from LNG Canada at this GPAC Luncheon
LNG Canada represents a once in a generation opportunity to benefit regional, provincial and national economies. The project will provide security of supply for global markets that rely on Canada’s natural gas reserves to fuel their economies, reduce global GHG emissions as natural gas replaces the use of coal, and at the same time, bring significant economic growth and stability to northern British Columbia communities and all of Canada. Projects like LNG Canada are unique and happen [Read more]
Advantage Announces 2017 Results and Drilling Successes
Solid 2017 Operational Performance and Record Net Income, Successful First Wells at Wembley & Progress Confirm High Liquid Yields & Free Condensate (TSX: AAV, NYSE: AAV) CALGARY, March 5, 2018 /CNW/ - Advantage Oil & Gas Ltd. ("Advantage" or the "Corporation") is pleased to report record net income for 2017 of $95 million ($0.51/share) resulting from strong operating and financial results and drilling successes which now include our first liquids rich wells at Wembley and Progress, [Read more]
Kenney threatens to stop flow of oil to B.C., and put toll on natural gas
VANCOUVER - Alberta's Opposition leader says if he becomes premier there will be "serious consequences" for British Columbia if it blocks the Trans Mountain pipeline expansion. Jason Kenney said Monday he would be prepared to stop permits for the shipment of Alberta oil to B.C. through the existing Trans Mountain line, which runs from the Edmonton area to Metro Vancouver. "If British Columbia is unwilling to help us export Canadian energy, then I would ask: Why should the NDP [Read more]
Raging River Exploration Inc. Initiates Process to Review Strategic Repositioning, Announces Fourth Quarter and Year End 2017 Operating and Financial Results and Provides Operations Update
CALGARY, Alberta, March 05, 2018 (GLOBE NEWSWIRE) -- Raging River Exploration Inc. (the “Company” or “Raging River”) (TSX:RRX) announces that Raging River’s Board of Directors (the "Board") has commenced a formal process to initiate a strategic repositioning of the Company (the “Repositioning Process”) in an effort to enhance shareholder value. Raging River believes that the current trading price of its common shares does not adequately reflect the underlying value of the Company. The purpose [Read more]
Bonavista Energy Corporation Announces 2017 Fourth Quarter and Year End Results
CALGARY, March 1, 2018 /CNW/ - Bonavista Energy Corporation ("Bonavista") is pleased to report to shareholders its financial and operating results for the three months and year ended December 31, 2017. Bonavista delivered 14% growth in adjusted funds flow, six percent growth in proved plus probable reserves and five percent growth in annual production, all while spending within our adjusted funds flow and reducing our debt. Bonavista's Audited Consolidated Financial Statements and Notes, as well [Read more]
Chevron in talks to sell stake in Canada LNG project
Chevron Corp is exploring options including the sale of a minority stake in its Canadian liquefied natural gas (LNG) project as it pushes ahead, three people familiar with the matter told Reuters. Among the parties in talks with Chevron for a possible stake in Kitimat LNG are Petroliam Nasional Bhd, or Petronas, which scrapped its own $36 billion LNG project in British Columbia last year due to challenging market conditions, two of the people said. Reuters spoke over the past week to the [Read more]
IEA says Canadian crude-by-rail shipments to more than double to 390,000 barrels a day
CALGARY - Crude-by-rail shipments could more than double over the next two years from historic highs as a lack of pipeline capacity forces producers to look to alternatives, said the International Energy Agency Monday. The Paris-based IEA forecasts in its latest oil markets report that crude-by-rail exports will grow from 150,000 barrels a day in late 2017 to 250,000 barrels a day this year and then to 390,000 barrels a day in 2019. "Crude by rail exports are likely to enjoy a [Read more]
IEA sees U.S. oil output surge stealing OPEC share in next five years
LONDON (Reuters) - U.S. shale oil output is set to surge over the next five years stealing market share from OPEC producers and moving the country, once the world’s top oil importer, closer to self sufficiency, the International Energy Agency said on Monday. A landmark deal in 2017 between OPEC and rivals including Russia to curb output to reduce global oversupply materially improved the outlook for other producers as prices rose sharply throughout the year, the IEA said in Oil 2018, an [Read more]