OTTAWA - If Kinder Morgan wants to abandon plans to build the Trans Mountain pipeline expansion, there are plenty of other investors out there willing to take up the cause — and they will have the backing of the federal Liberal government, Finance Minister Bill Morneau says. The government is willing to "provide indemnity" to any investors, be they the project's original architects or otherwise, to ensure the controversial Alberta-B.C. project is able to proceed, Morneau told a news [Read more]
Headlines
Vertex Resource Group Ltd. First Quarter Financial Results Highlighted By Increase Of 60% In Revenue And Improved EBIDTA
Revenue of $34.7 million and EBITDA of $4.3 million first quarter 2018. Sherwood Park, Alberta, May 15th, 2018 (TSX.V:VTX) - Vertex Resource Group Ltd. (“Vertex” or the “Company”) is pleased to report its financial and operational results for the first quarter of 2018. The following should be read in conjunction with the Management Discussion and Analysis (“MD&A”) and the consolidated financials and notes of Vertex for the quarter ended March 31, 2018, which are available on SEDAR at [Read more]
OPEC sees oil rally towards $80 as short-term spike, not supply-driven
LONDON/DUBAI (Reuters) - OPEC sees oil’s rally towards $80 a barrel as a short-term spike driven by geopolitics rather than any supply shortage, four OPEC delegates said, a sign the group is not rushing yet to rethink its supply-cutting agreement. The view of top exporter Saudi Arabia is that any brief, speculator-driven jump in oil prices is not sufficient grounds for producers to boost output, an OPEC source familiar with the kingdom’s thinking said. For such a decision to occur, the [Read more]
For Big Oil, reserve size matters less than ever
A decade ago, the news that the world's top oil and gas companies had less than 12 years of production left in their reserves might have caused a panicked sell-off in their shares. But as consumers try to move away from fossil fuels to cleaner and cheaper energy sources, investors and executives say reserve size is no longer the gold standard for measuring the value and health of a company. The cost of developing existing reserves and the amount of carbon those reserves produce has now [Read more]
Purchase Agreement to Acquire Producing Oil and Gas Interests in Saskatchewan and Alberta Amended
NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES Kelowna, British Columbia (FSCwire) - Georox Resources Inc. ("Georox" or the "Corporation") (GXR:TSX-V; OF6A:FRA) is pleased to announce that further to the press release dated March 27, 2018, the Corporation is proceeding with the purchase to acquire certain high-working interest-producing oil (approximately 94 per cent) and natural gas (about 6 per cent) interests in southwest [Read more]
Storm Resources Ltd. is Pleased to Announce Its Financial and Operating Results for the Three Months Ended March 31, 2018
CALGARY, Alberta, May 15, 2018 (GLOBE NEWSWIRE) -- Storm Resources Ltd. (TSX:SRX) Storm has also filed its unaudited condensed interim consolidated financial statements as at March 31, 2018 and for the three months then ended along with Management’s Discussion and Analysis (“MD&A”) for the same period. This information appears on SEDAR at www.sedar.com and on Storm’s website at www.stormresourcesltd.com. Selected financial and operating information for the three months ended March 31, 2018 [Read more]
Saskatchewan wants Ottawa to get tough with B.C. over Trans Mountain pipeline
REGINA - Saskatchewan Premier Scott Moe is calling on the Prime Minister to get tough with British Columbia over its opposition to the Trans Mountain oil pipeline expansion. Moe says Justin Trudeau's Liberal government should withhold sending federal infrastructure money to B.C. He says it has been a month since Trudeau met with B.C. Premier John Horgan and Alberta Premier Rachel Notley in Ottawa and the federal government has not introduced legislation to help get the project [Read more]
Op-Ed: U of A: Drop this senseless initiative to honour anti-oil zealot
What a strange world the University of Alberta’s president and vice-chancellor appear to inhabit. David Turpin’s venerable institution decided – apparently right out of the blue and without any reasonable explanation – to honour a divisive, zealous opponent of Alberta’s most important sector. Now Turpin, the school’s highest-ranked staffer, has staked U of A’s pristine reputation with his following through giving an honorary degree to Canada’s doctor of doom, sultan of smear towards [Read more]
Cequence Energy Announces First Quarter 2018 Financial and Operating Results
CALGARY, May 15, 2018 /CNW/ - Cequence Energy Ltd. ("Cequence" or the "Company") (TSX: CQE) is pleased to announce its operating and financial results for the three month period ended March 31, 2018. The Company's Consolidated Financial Statements and Management's Discussion and Analysis are available at cequence-energy.com and on SEDAR at www.sedar.com. First quarter & subsequent Company highlights include: Achieved average quarterly production of 6,970 boe/d (17% liquids), an [Read more]
Ottawa working behind the scenes to get Trans Mountain pipeline built: Trudeau
CALGARY - Prime Minister Justin Trudeau says there are some critics who will never be convinced that he's doing enough to ensure the Trans Mountain expansion project goes ahead, but he adds his government is working hard as a deadline imposed by pipeline builder Kinder Morgan fast approaches. "Let's be honest about these things. I don't think there is anything that I can say that would reassure some of my critics who have such little faith in my government getting anything done for Alberta," [Read more]