CALGARY, Alberta, Aug. 08, 2018 (GLOBE NEWSWIRE) -- Bonterra Energy Corp. (www.bonterraenergy.com) (TSX: BNE) (“Bonterra” or the “Company”) is pleased to announce its operating and financial results as at and for the three and six months ended June 30, 2018. The related unaudited condensed financial statements and notes, as well as management’s discussion and analysis (“MD&A”), are available on SEDAR at www.sedar.com and on Bonterra’s website [Read more]
Headlines
Peyto Announces Q2 2018 Results
CALGARY, Alberta, Aug. 08, 2018 (GLOBE NEWSWIRE) -- Peyto Exploration & Development Corp. ("Peyto” or the “Company") (TSX:PEY) is pleased to present its operating and financial results for the second quarter of the 2018 fiscal year. An annualized 9% return on equity (ROE) and 8% return on capital employed (ROCE) was delivered in the quarter by achieving a 72% operating margin (1) and a 19% profit margin (2), all while navigating through the lowest Alberta natural gas price environment in the [Read more]
Pine Cliff Energy Ltd. Announces Second Quarter 2018 Results
CALGARY, Alberta, Aug. 08, 2018 (GLOBE NEWSWIRE) -- Pine Cliff Energy Ltd. (“Pine Cliff” or the “Company”) (TSX: PNE) is pleased to announce the filing of its second quarter financial and operating results. Included in the filings were Pine Cliff's unaudited interim condensed consolidated financial statements and related management's discussion and analysis for the three and six months ended June 30, 2018 (the "Q2-Report"). Selected highlights are shown below and should be read in conjunction [Read more]
Yangarra Announces Second Quarter 2018 Financial and Operating Results
CALGARY, Aug. 8, 2018 /CNW/ - Yangarra Resources Ltd. ("Yangarra" or the "Company") (TSX:YGR) announces its financial and operating results for the three and six months ended June 30, 2018. Second Quarter Highlights Reached 10,000 boe/d of production at the end of the quarter. Average production of 7,570 boe/d (60% liquids) during the quarter an increase of 1% from the first quarter of 2018 and 33% increase from the same period in 2017. Oil and gas sales were $29.9 million, an [Read more]
TORC Oil & Gas Ltd. Announces Second Quarter 2018 Financial & Operational Results; Acquisition of Unconventional Midale Focused Company; and Increase to 2018 Guidance
CALGARY, Aug. 8, 2018 /CNW/ - TORC Oil & Gas Ltd. ("TORC" or the "Company") (TSX: TOG) is pleased to announce its financial and operating results for the three and six months ended June 30, 2018. The associated management's discussion and analysis ("MD&A") and unaudited interim financial statements as at and for the three and six months ended June 30, 2018 can be found at www.sedar.com and www.torcoil.com. Highlights Three months ended Six months [Read more]
Column: Death by Regulation
The writing is on the wall and the numbers are distressing to say the least. Foreign investment is fleeing from Canada and we are becoming an international investment pariah. Sadly, this trend should not surprise anybody as our national regulatory environment for large projects in the energy industry went from onerous to outright obscene. The Trudeau government is obsessed with adding unreasonable requirements for new business ventures and they have pushed things to the tipping point. Private [Read more]
Paramount Resources Ltd. Reports Second Quarter 2018 Results
CALGARY, Aug. 8, 2018 /CNW/ - OIL AND GAS OPERATIONS Paramount's sales volumes averaged 86,741 Boe/d in the second quarter of 2018. Liquids sales volumes averaged 31,057 Bbl/d and constituted 77 percent of total revenue. The Karr development averaged 54 percent liquids for the quarter and generated 55 percent of Paramount's total netback. The Company is on target to complete liquids handling projects that will increase Karr area raw liquids handling capacity to approximately 15,000 [Read more]
Journey Energy Inc. Reports its Second Quarter 2018 Financial and Operating Results
CALGARY, Aug. 7, 2018 /CNW/ - Journey Energy Inc. (JOY – TSX) ("Journey" or the "Company") announces its financial and operating results for the three and six month periods ending June 30, 2018. The complete set of financial statements and management discussion and analysis for the periods ended June 30, 2018 and 2017 are posted on www.sedar.com and on the Company's website www.journeyenergy.ca. SECOND QUARTER 2018 HIGHLIGHTS Highlights for the second quarter and to date are as [Read more]
Heavy crude differential narrows slightly
The Canadian heavy oil differential narrowed against the West Texas Intermediate (WTI) benchmark on Tuesday:* Western Canada Select (WCS) heavy blend crude for September delivery in Hardisty, Alberta, settled at $31.00 a barrel below the WTI benchmark crude futures , according to Shorcan Energy brokers. That compared with Friday's settle of $31.15 under WTI.* The differential has grown as U.S. refiners plan more extensive than usual downtime for maintenance this autumn, and pipelines are [Read more]
Saudi Arabian crude oil imports to Canada easy to replace, says energy economist
CALGARY - Canada can easily replace the oil it imports from Saudi Arabia should relations with the Middle Eastern kingdom deteriorate to the point that trade in crude is halted, says an energy economist. But this week's trade tension escalation means Canada will be on the sidelines as the Saudis try to diversify their economy away from its dependence on oil and gas, said Omar Allam, a Canadian consultant who specializes in advice on doing business in Saudi Arabia. Eastern [Read more]