CALGARY, Alberta, March 01, 2018 (GLOBE NEWSWIRE) -- Husky Energy (TSX:HSE) has established a quarterly cash dividend of $0.075 per common share. Funds from operations were more than $1 billion in the fourth quarter and free cash flow was $294 million, excluding acquisitions and dispositions. Annual funds from operations were $3.3 billion, up 50 percent year over year, and free cash flow was $1.1 billion, up 120 percent over 2016. Net earnings in the fourth quarter were $672 million, including [Read more]
Headlines
P2 announces the launch of Qbyte FM 2.0
Fully modernized but not re-invented, the oil & gas industry’s leading financial management solution just got even better CALGARY – P2 Energy Solutions, the leading developer of management software for Canada’s oil & gas industry, today announced a major upgrade of its flagship Qbyte Financial Management solution. Qbyte FM 2.0 sports a major refresh in the software’s interface and usability, while preserving all the rich functionality that has made it far and away the market leader [Read more]
Crescent Point Announces Year-End 2017 Results With Strong Cash Flows, Record Reserves of Over 1 Billion Boe and 152 Percent Organic Replacement of Production
CALGARY, Alberta, March 01, 2018 (GLOBE NEWSWIRE) -- Crescent Point Energy Corp. ("Crescent Point" or the "Company") (TSX:CPG) (NYSE:CPG) is pleased to announce its operating and financial results for the year ended December 31, 2017. KEY HIGHLIGHTS Exceeded production guidance and achieved exit production growth of approximately 10 percent per share. Increased fourth quarter 2017 funds flow from operations by 17 percent per share and reduced net debt by $111.0 million. Transacted [Read more]
Why you need to incorporate ARO into your A&D analysis: An LLR vs ARO Case Study Presentation
XI Technologies invites Business Development, Finance, and Risk Management professionals working in the Alberta oil and gas sector to attend a free case study presentation outlining the key differences between the two most common methods of estimating the retirement liabilities of an asset during the M&A process. While capital markets appear to be loosening slightly in 2018, investors are keenly aware of the growing importance of Liability Management and will be insisting on a clear, [Read more]
Fundamentalists complain about a new generation of commodity speculators
LONDON, March 1 (Reuters) - Traditional commodity traders are lamenting the rise of a new generation of hedge funds who show little interest in the fundamentals of conventional supply and demand analysis. The newcomers are blamed for distorting prices, making markets impossible to trade, and forcing the closure of some long-established specialist commodity funds. The target of this criticism is not always well-specified: it variously includes high-frequency computer-driven traders, [Read more]
Phoenix Energy Marketing Looking to Buy Available NGTL Empress Firm Gas Transportation
Phoenix Energy Marketing Consultants, on behalf of a producer client, seeks successful bidders in the recent NGTL NIT-Empress Open Season transportation offering and/or existing shippers, for discussion of potential purchase of surplus firm delivery service. The recent NGTL offering involved four tranches of service with start dates ranging from October, 2018 on the first tranche and November, 2020 to April, 2021 on the last three tranches. Will also consider firm export service at other [Read more]
Canadian Natural Resources Limited Announces 2017 Fourth Quarter and Year End Results
CALGARY, Alberta, March 01, 2018 (GLOBE NEWSWIRE) -- Commenting on the Company's results, Steve Laut, Executive Vice Chairman of Canadian Natural stated, "In 2017, Canadian Natural continued to execute on its defined strategy and completed its transition to a long life low decline asset base with the completion and ramp-up of the Horizon Phase 3 expansion. The Company's focus on balanced capital allocation was evident in 2017 as economic resource development, increased balance sheet strength, [Read more]
Oil to edge higher in 2018 as OPEC cuts help offset U.S. supply growth: Reuters poll
(Reuters) - Oil analysts expect the price of crude to rise steadily this year but remain in a tight band dictated by U.S. shale output growth on one side and OPEC supply restraint on the other, a Reuters poll showed on Wednesday. The survey of 37 economists and analysts forecast Brent crude LCOc1 would average $63 a barrel in 2018, slightly higher than $62.37 projected in the previous month’s poll. “OPEC’s level of compliance (with agreed production curbs) and the pace of U.S. shale’s [Read more]
Peyto Posts 18th Consecutive Year of Profits, Earnings Per Share Up 55%
CALGARY, Alberta, Feb. 28, 2018 (GLOBE NEWSWIRE) -- Peyto Exploration & Development Corp. (TSX:PEY) (“Peyto” or the “Company”) is pleased to report operating and financial results for the fourth quarter and 2017 fiscal year. Peyto achieved a 75% operating margin1 and a 23% profit margin2 in 2017, while also generating its second highest all-time revenue and funds from operations. Over Peyto’s 19 years, the Company has invested $5.7 billion of capital to profitably [Read more]
Pengrowth Announces Fourth Quarter 2017 and Full Year 2017 Results as Well as 2017 Reserve Results
CALGARY, Alberta, Feb. 28, 2018 (GLOBE NEWSWIRE) -- Pengrowth Energy Corporation (TSX:PGF) (NYSE:PGH) today announced its operating and financial results for the fourth quarter and full year 2017 along with year-end 2017 reserve results. “In 2017 we concluded our significant transformation that has resulted in a restructured and refocused Company with two 100 percent owned and operated growth assets at Lindbergh and Groundbirch”, commented Derek Evans, President and Chief Executive Officer of [Read more]