Dear Ms. Denise Balkissoon, As a former Ontario resident who grew up in Ottawa, but now live and work in Alberta, I view your recent article as words seeking a timely headline. "To be a climate hawk living in Ontario is complicated. Without a doubt, climate change is a global emergency, one that requires immediate, drastic action, including the rapid phasing-out of fossil fuels. At the same time, I know that’s an easy position to take when no one I know works in oil or gas." “I’m glad the oil [Read more]
Headlines
BlackPearl Announces First Quarter 2018 Financial and Operating Results
CALGARY, May 2, 2018 /CNW/ - BlackPearl Resources Inc. ("BlackPearl" or the "Company") (TSX: PXX) (NASDAQ Stockholm: PXXS) is pleased to announce its financial and operating results for the three months ended March 31, 2018. Highlights include: At Onion Lake, construction of the phase 2 thermal expansion project was completed during the quarter and we commenced steam injection in the first pad of wells in February and into the second pad of wells in March. In late April, we converted the [Read more]
Bellatrix Announces Acquisition and Retirement of US$10 Million of Its Senior Unsecured Notes Due 2020
CALGARY, Alberta, May 02, 2018 (GLOBE NEWSWIRE) -- Bellatrix Exploration Ltd. (“Bellatrix” or the “Company”) (TSX:BXE) (NYSE:BXE) today announces that it has entered into an exchange agreement with a holder (the "Holder") of its 8.50% senior unsecured notes due May 15, 2020 (the “Senior Notes”) to exchange in a privately negotiated transaction, US$10 million aggregate principal amount of the Senior Notes for 7,081,837 common shares of Bellatrix. Pursuant to the exchange agreement, the Senior [Read more]
Alberta to hold talks on crude transport with producers, railways -minister
CALGARY, Alberta (Reuters) - Alberta will hold talks with rail operators and oil producers aimed at smoothing the path to get more crude moving by rail amid a transportation bottleneck in the Western Canadian province, Alberta’s energy minister said on Wednesday. The first session on Friday will include senior executives from Canada’s top oil producers and the two main railways, Canadian Pacific Railway and Canadian National Railway, the minister, Margaret McCuaig-Boyd, told reporters at a [Read more]
ARC Resources Ltd. Reports First Quarter 2018 Financial and Operating Results
CALGARY, May 2, 2018 /CNW/ - (ARX - TSX) ARC Resources Ltd. ("ARC") is pleased to report its first quarter 2018 financial and operating results. First quarter production averaged 131,016 boe per day, net income was $54.9 million ($0.16 per share), and funds from operations totaled $201.0 million ($0.57 per share). ARC's unaudited condensed interim financial statements and notes ("financial statements"), as well as ARC's Management's Discussion and Analysis ("MD&A") as at and for the three [Read more]
Whitecap Resources Inc. Announces First Quarter 2018 Results and 5% Dividend Increase
CALGARY, May 2, 2018 /CNW/ - Whitecap Resources Inc. ("Whitecap" or the "Company") (TSX: WCP) is pleased to report its operating and unaudited financial results for the three months ended March 31, 2018. Selected financial and operating information is outlined below and should be read with Whitecap's unaudited interim consolidated financial statements and related Management's Discussion and Analysis ("MD&A") which are available at www.sedar.com and on our website at [Read more]
Suncor CEO says he’s ‘encouraged’ new pipelines will be built after PM’s visit
CALGARY - The CEO of oilsands giant Suncor Energy Inc. says he's confident new oil pipelines will be built after hosting Prime Minister Justin Trudeau at its newly opened Fort Hills oilsands mine in early April. The message he left with Trudeau was that pipeline access must be assured if the industry is to attract the capital it needs to grow, Steve Williams said on a conference call on Wednesday. "We don't want these new projects to have to bear the burden of some of these (oil price) [Read more]
TC Pipelines LP slashes distributions after U.S. move to eliminate tax break
CALGARY - TC PipeLines LP slashed its distributions to unitholders after a move in March by the U.S. government to eliminate a tax break for owners of certain interstate pipelines. The partnership, which is held in part by TransCanada Corp., says it would pay a first-quarter distribution of 65 cents per unit, down from its earlier payout of $1. The decision by the U.S. Federal Energy Regulatory Commission to no longer allow master limited partnerships to recover an income tax allowance [Read more]
Canadian Spirit Resources Inc. Announces Suspension of Natural Gas Production
CALGARY, May 01, 2018 (GLOBE NEWSWIRE) -- Canadian Spirit Resources Inc. (“CSRI” or the “Corporation”) (TSXV:SPI) (OTCBB:CSPUF) and its joint venture partner, Canbriam Energy Inc., have elected to suspend their joint venture natural gas production at Farrell Creek/South Altares effective April 30, 2018 due to low natural gas prices. The continued deterioration in North American natural gas prices accompanied by the further discounted price experienced by producers in northeastern British [Read more]
Suncor Energy reports first quarter 2018 results
Unless otherwise noted, all financial figures are unaudited, presented in Canadian dollars (Cdn$), and have been prepared in accordance with International Financial Reporting Standards, specifically International Accounting Standard 34 Interim Financial Reporting as issued by the International Accounting Standards Board. Production volumes are presented on a working interest basis, before royalties, except for Libya, which is on an entitlement basis. Certain financial measures referred to in [Read more]