LONDON (Reuters) - Crude oil prices and calendar spreads have started to soften in recent trading sessions, in what is likely to be profit-taking after hedge funds amassed a record bullish position in the petroleum complex. Hedge funds and other money managers had accumulated a record net long position in the five largest futures and options contracts linked to crude and fuels by Nov. 7, according to regulatory and exchange data. Fund managers held a net long position equivalent to 1,085 [Read more]
Headlines
Touchstone Announces Third Quarter 2017 Financial Results
CALGARY, Alberta, Nov. 14, 2017 (GLOBE NEWSWIRE) -- Touchstone Exploration Inc. (“Touchstone” or the “Company”) (TSX:TXP) (LSE:TXP) announces its financial and operating results for the three months ended September 30, 2017 (the “third quarter”). Selected financial and operational information is outlined below and should be read in conjunction with Touchstone’s September 30, 2017 unaudited interim consolidated financial statements and related management’s discussion and analysis, both of which [Read more]
Nebraska regulator to announce Keystone XL permit decision on Nov. 20
The Nebraska Public Service Commission announced Monday it will issue its decision on whether to approve the permit to allow construction of the Keystone XL pipeline on Nov. 20, the last regulatory hurdle for the controversial project. On that day, the five-member PSC will take a vote on the decision in Lincoln, Nebraska, which will be open to the public. The decision will mark the final hurdle for the long-delayed project after President Donald Trump gave it federal approval in [Read more]
Corridor Announces Third Quarter Results
HALIFAX, NOVA SCOTIA--(Marketwired - Nov. 13, 2017) - Corridor Resources Inc. (TSX:CDH) ("Corridor") announced today its third quarter financial results. The following table provides a summary of Corridor's financial and operating results for the three and nine months ended September 30, 2017, with comparisons to the three and nine months ended September 30, 2016. Corridor's unaudited financial statements and management's discussion and analysis for the third quarter have been filed on SEDAR [Read more]
Zargon Oil & Gas Ltd. Provides 2017 Third Quarter Results and Provides First Half 2018 Guidance and Capital Budget
CALGARY, Alberta, Nov. 13, 2017 (GLOBE NEWSWIRE) -- Zargon Oil & Gas Ltd. (“Zargon” or the “Company”) (TSX:ZAR) (TSX:ZAR.DB.A). FINANCIAL AND OPERATING HIGHLIGHTS (THREE MONTHS ENDED SEPTEMBER 30, 2017) Third quarter 2017 production averaged 2,628 barrels of oil equivalent per day, a five percent increase from the preceding quarter rate of 2,500 barrels of oil equivalent per day. Third quarter 2017 funds flow from operating activities of $1.76 million increased 54 percent from the [Read more]
Cenovus reaches agreement to sell interest in Weyburn asset for $940 million
CALGARY, Alberta, Nov. 13, 2017 (GLOBE NEWSWIRE) -- Cenovus Energy Inc. (TSX:CVE) (NYSE:CVE) has entered into an agreement to sell its majority interest in the Weyburn carbon-dioxide enhanced oil recovery operation in Saskatchewan for cash proceeds of $940 million. The sale is expected to close in the fourth quarter of 2017, subject to customary closing conditions. The previously announced sale of Cenovus’s Pelican Lake assets closed on September 29, 2017 and the company still anticipates the [Read more]
Whitecap Resources Inc. Announces Acquisition of World Class Enhanced Oil Recovery Project, $425 Million Financing, Dividend Increase of 5% and Significantly Enhanced Free Funds Flow
CALGARY, ALBERTA--(Marketwired - Nov. 13, 2017) - Whitecap Resources Inc. ("Whitecap" or the "Company") (TSX:WCP) is pleased to announce that it has entered into an agreement to purchase high quality light oil assets in southeast Saskatchewan for cash consideration of $940 million before closing adjustments (the "Acquisition"). The Acquisition includes a 62.1% operated working interest in the Weyburn Unit (14,600 boe/d) and 200 boe/d of production from minor assets in southeast Saskatchewan (the [Read more]
AltaCorp Capital founder, oil and gas financier George Gosbee dies suddenly
CALGARY - Investment firm AltaCorp Capital Inc. says its founder and CEO, Calgary oil and gas financier George Gosbee, died suddenly on Sunday. Gosbee was a former governor of the National Hockey League and, in 2013, led a group to purchase the Arizona Coyotes and restructure the team. Current team owner Andrew Barroway tweeted he was "deeply saddened" by the news. Gosbee, 48, founded AltaCorp Capital in 2010 and struck a deal to partner it with ATB Financial, an Alberta [Read more]
Teine Energy Ltd. Announces COO Appointment
CALGARY, Nov. 13, 2017 /CNW/ - Teine Energy Ltd. "Teine" announces that Paul Ringrose has been appointed to the role of Senior Vice-President and Chief Operating Officer. Mr. Ringrose is a Professional Engineer with over 20 years of industry experience. He started his oil and gas career working for Imperial Oil Resources and for the next 12 years held various senior engineering, operational and management positions with both Imperial Oil and ExxonMobil. Mr. Ringrose subsequently held the [Read more]
InPlay Oil Corp. Announces Third Quarter 2017 Financial and Operating Results and an Increased Land Position in the Emerging East Basin Duvernay Shale Play
CALGARY, Alberta, Nov. 13, 2017 (GLOBE NEWSWIRE) -- InPlay Oil Corp. (TSX:IPO) (OTCQX:IPOOF) (“InPlay” or the “Company”) announces its financial and operating results for the three and nine months ended September 30, 2017. InPlay’s unaudited interim financial statements and notes, as well as management’s discussion and analysis (“MD&A”) for the three and nine months ended September 30, 2017 will be available shortly on the System for Electronic Document Analysis and Retrieval (“SEDAR”) and [Read more]