VANCOUVER - Prime Minister Justin Trudeau promoted the expansion of retail giant Amazon's technology hub in Vancouver on Monday as he used the region's record-high gas prices to continue selling the expansion of the Trans Mountain pipeline. "I know that part of the challenge that folks across the Lower Mainland and B.C. are facing right now is related to the fact that we are connected so closely to the U.S. market and to what happens in the United States," Trudeau said as the price of gas [Read more]
Headlines
PrairieSky Receives TSX Approval for Renewed Normal Course Issuer Bid
CALGARY, Alberta, April 30, 2018 (GLOBE NEWSWIRE) -- PrairieSky Royalty Ltd. ("PrairieSky" or the "Company") (TSX:PSK) is pleased to announce that the Toronto Stock Exchange (the "TSX") has accepted the notice of PrairieSky's intention to commence a normal course issuer bid (the "NCIB"). PrairieSky previously purchased an aggregate of 1,429,600 common shares at a weighted average price per share of $30.46 under a normal course issuer bid that runs between May 4, 2017 and May 3, 2018. On April [Read more]
No relief in sight as gasoline price hits four-year high over $1.33 per litre
CALGARY - Canadians celebrating the onset of summer driving season have been dismayed by another spring phenomenon — rising gasoline prices across the country. According to GasBuddy.com, the average price of regular gasoline in Canada on Monday was about $1.33 per litre, up 22 cents from the average of $1.11 per litre at the same time last year. The record high for the same day was set in 2014 at just over $1.37. Vancouver region prices have spiked to all-time record highs over $1.61 [Read more]
Everyone can appreciate the environment; who can appreciate what it takes to heat a thousand homes?
On a recent trip stateside, a mindless interlude in a hotel room led to some channel flipping, and I lazily settled for a reality show called Undercover Boss or something. It turned out to be somewhat interesting, enough so to be captivating for a couple episodes anyway. Each episode has a corporate CEO going “undercover” to perform some of the crappier jobs in their own company, unbeknownst to the day’s coworkers (who oddly enough never seem to have any idea who their CEO is, which I suppose [Read more]
Op Ed: Balkissoon should tamp down the rhetoric on Alberta energy sector
In her recent column in the Globe and Mail, Denise Balkissoon claimed it’s complicated to be a climate hawk living in Ontario. But she feels she has Alberta all figured out. Let me update her on a few key facts. In Ontario, where coal-displacing gas-plants are cancelled for political expediency, and where CO2-free nuclear power is under threat by – wait for it – the Ontario Clean Air Alliance, I’ll admit eastern climate hawks do have their work cut out for them. But for Balkissoon to hope [Read more]
B.C.’s dispute over bitumen control likely to end up in Supreme Court: lawyers
VANCOUVER - British Columbia's court case over the flow of heavy oil through the province could be damaged by the NDP government's previous positions against the expansion of the Trans Mountain pipeline, says a legal expert. The provincial government filed a reference case Thursday in the B.C. Court of Appeal asking whether amendments it is proposing to the Environmental Management Act are valid and if they give the province the authority to control the shipment of heavy oils based on the [Read more]
Canada Weekly Rig Count Continues Spring Breakup Decline Down 8 to 85
Western Canada’s fleet of drilling rigs went down 8, amidst spring breakup, to a current count of 85 according to data collected by Baker Hughes for the week of April 27th. From one week ago, Alberta rig counts decreased from 76 to 67, Saskatchewan's rig count remained at 3. Oil drilling went from 38 to 33; gas rigs went from 55 to 52. View a full breakdown of western Canada’s rig activity. [Read more]
U.S. oil rig count rises five this week, 28 this month
The U.S. oil drilling rig count rose for the fourth week in a row and ended the month sharply higher as producers plan to boost output as they reap profits from crude trading near three-year highs. Drillers added five oil rigs in the week to April 27, bringing the total count to 825, the highest level since March 2015, General Electric Co’s Baker Hughes energy services firm said in its closely followed report on Friday. For the month, drillers added 28 oil rigs in April after cutting two [Read more]
Marksmen Closes Final Tranche of Private Placement and Announces Various Corporate and Operational Updates
CALGARY, Alberta, April 27, 2018 (GLOBE NEWSWIRE) -- Marksmen Energy Inc. (TSXV:MAH) (OTCQB:MKSEF) (“Marksmen” or the “Company”) announces that it has completed the second and final closing of its previously announced non-brokered private placement. The Company issued 1,431,428 units (the “Units”) of Marksmen at a price of $0.21 per Unit for gross proceeds of $300,600, bringing the aggregate raise to 3,458,409 Units for gross proceeds of $726,266 (the “Offering”). Each Unit is comprised of one [Read more]
Crescent Point Encourages Shareholders to Vote and Preserve Your Investment
CALGARY, Alberta, April 27, 2018 (GLOBE NEWSWIRE) -- Crescent Point Energy Corp. ("Crescent Point" or the "Company") (TSX:CPG) (NYSE:CPG) thanks shareholders for the strong support received to date and encourages all shareholders to vote your WHITE proxy for all ten of management’s director nominees prior to 10:00am (MDT) on Wednesday, May 2, 2018. "By supporting Crescent Point’s director nominees, shareholders are voting for a refreshed board that is delivering on a detailed and financially [Read more]