High Quality, Diversified Asset Portfolio Expected to Drive Record Performance in 2018 CALGARY, Alberta, Aug. 02, 2018 (GLOBE NEWSWIRE) -- TransCanada Corporation (TSX:TRP) (NYSE:TRP) (TransCanada or the Company) today announced net income attributable to common shares for second quarter 2018 of $785 million or $0.88 per share compared to net income of $881 million or $1.01 per share for the same period in 2017. Comparable earnings for second quarter 2018 were $768 million or $0.86 per share [Read more]
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Seven Generations delivers funds from operations of $434 million, $1.19 per share, in second quarter of 2018
CALGARY, Alberta, Aug. 02, 2018 (GLOBE NEWSWIRE) -- (TSX: VII) SECOND QUARTER HIGHLIGHTS Funds from operations of $434 million or $1.19 per share, up 62 percent and 63 percent respectively compared to the same periods in 2017. Cash provided by operating activities of $425.2 million, up 119 percent from the same period in 2017. 7G’s realized pricing increased 26 percent compared to the first quarter of 2018. Increasing condensate production, coupled with higher commodity prices, drove [Read more]
Canadian Natural Resources Limited Announces 2018 Second Quarter Results
CALGARY, Alberta, Aug. 02, 2018 (GLOBE NEWSWIRE) -- Commenting on second quarter 2018 results, Steve Laut, Executive Vice-Chairman of Canadian Natural stated, "The Company's balanced strategy was once again evident in the quarter as our robust long life low decline asset base provided record quarterly funds flow of approximately $2.7 billion. The allocation of funds flow was balanced among our four pillars to maximize value for our shareholders through strengthening the balance sheet, returns [Read more]
Manitok Energy Inc. Receivership Sale
Alvarez & Marsal Canada Inc. (“A&M”), in its capacity as Court appointed Receiver and Manager of Manitok Energy Inc. and Raimount Energy Corp. (collectively “Manitok”), will be launching a broadly marketed sales process for the assets of Manitok and has retained Peters & Co. Limited (“Peters & Co.”) as its exclusive marketing agent to assist in this process. The information memorandum and confidentiality agreement will be launching shortly. Data room access will be made [Read more]
MEG Energy reports second quarter 2018 results, achieving new production record of 98,000 bpd in July with Phase 2B eMSAGP essentially complete
Increases 2018 production guidance and lowers non-energy operating cost per barrel guidance; remains on-track to reach 113,000 bpd in 2020 All financial figures in Canadian dollars ($ or C$) unless otherwise noted CALGARY, Aug. 2, 2018 /CNW/ - MEG Energy Corp. (TSX:MEG) today reported second quarter 2018 operating and financial results. Highlights include: Quarterly production volumes of 71,325 barrels per day, while completing planned maintenance activities. With strong first half [Read more]
TransCanada Announces Agreement to Sell its Share of Cartier Wind Energy
CALGARY, Alberta, Aug. 02, 2018 (GLOBE NEWSWIRE) -- News Release – TransCanada Corporation (TSX:TRP) (NYSE:TRP) (TransCanada) today announced that it has entered into an agreement to sell its 62 per cent share of the Cartier wind power facilities, and its related operating entities, to Innergex Renewable Energy Inc. for approximately $630 million. Located in Québec, the Cartier assets include five wind farms with a total generating capacity of 590 megawatts, of which TransCanada’s share is 365 [Read more]
Athabasca Oil Corporation Announces 2018 Second Quarter Results
CALGARY, Alberta, Aug. 01, 2018 (GLOBE NEWSWIRE) -- Athabasca Oil Corporation (TSX:ATH) (“Athabasca” or the “Company”) is pleased to provide its 2018 second quarter results and an operations update. Athabasca is a uniquely positioned low-decline, oil-weighted producer with assets in the most active resource plays in Western Canada (Montney, Duvernay and oil sands). The second quarter marks solid operations in both Light Oil and Thermal Oil with strong funds flow growth over the prior [Read more]
ARC Resources Ltd. Reports Second Quarter 2018 Financial and Operational Results
CALGARY, Aug. 1, 2018 /CNW/ - (ARX - TSX) ARC Resources Ltd. ("ARC" or "the Company") is pleased to report its second quarter 2018 financial and operational results. Second quarter production averaged 127,879 boe per day with funds from operations totaling $204.4 million ($0.58 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 and six months ended June [Read more]
Canada to soften carbon tax as firms fret about U.S. competition
Canada will soften the impact of a planned carbon tax on major emitters of greenhouse gases after businesses complained it would make them less competitive with the United States, officials said on Wednesday. The move underlines the challenges facing Canada as it tries to deal with Washington under U.S. President Donald Trump, who has slashed domestic corporate taxes and imposed tariffs on Canadian steel and aluminum. The Liberal government of Prime Minister Justin Trudeau - which took [Read more]
Enbridge Completes Asset Sales for Approximately $3.15 Billion in Cash Proceeds
CALGARY, Aug. 1, 2018 /CNW/ - Enbridge Inc. (TSX: ENB) (NYSE: ENB) (Enbridge or the Company) today announced it has closed the previously announced agreements to sell its U.S. midstream businesses and monetize a portion of its renewables business for combined cash proceeds of approximately $3.15 billion. "We are pleased to have moved quickly to execute and close these transactions at strong valuations," said Al Monaco, President and Chief Executive Officer of Enbridge. "In addition, the [Read more]