CALGARY - Cenovus Energy posted a $914 million net loss from continuing operations in the first quarter, a bigger shortfall than analysts had expected, amid challenging pricing conditions for heavy grades of crude oil as well as natural gas. The Calgary-based company said the net loss amounted to 74 cents per share, which compared with a year earlier profit of $211 million or 25 cents per share. The loss included a $100-million non-cash asset impairment charge for its Clearwater [Read more]
Headlines
Why partnerships with First Nations are integral to grow the Canadian LNG industry
Interview with: Alexandra Ballard, General Manager, First Nations Limited Partnership When it comes to the natural gas in Canada, there has been generally very strong support for the LNG industry from the First Nations, with one First Nations leaderstating the industry 'brings hope to members in terms of employment and capacity-building for future generations that come." With the Canada Gas and LNG Exhibition and Conference taking place next month, 14-16 May in Vancouver, Gastech [Read more]
Ikkuma Resources Corp. Announces Fourth Quarter and Year End 2017 Financial and Operating Results
CALGARY, April 25, 2018 /CNW/ - Ikkuma Resources Corp. ("Ikkuma" or the "Corporation") (TSXV: IKM) is pleased to report its financial and operating results for the three months and year ended December 31, 2017. Financial and operational information is set out below and should be read in conjunction with Ikkuma's December 31, 2017 audited annual financial statements and the related management's discussion and analysis ("MD&A"). In addition, the Corporation today announces the filing of its [Read more]
Upcoming CAPL Courses and Lunch & Learns
Here is the upcoming list of courses offered by CAPL. For more information, click on a course link below or visit landman.ca Date Course Category Status Apr 25 2018 Fundamentals of Surface Agreements (PSL®) Surface and Mineral open May 03 2018 Fiduciary Duties (afternoon) Negotiations and Business Skills open May 07 2018 A Practical Guide to Acquisitions and Divestments - Everything You Need to Know from A to D Acquisitions and Divestments open May 08 [Read more]
Leucrotta Announces Q4 2017 Financial and Operating Results
CALGARY, Alberta, April 25, 2018 (GLOBE NEWSWIRE) -- LEUCROTTA EXPLORATION INC. (TSXV:LXE) (“Leucrotta” or the “Company”) is pleased to announce its financial and operating results for the three months and year ended December 31, 2017. All dollar figures are Canadian dollars unless otherwise noted. Q4/17 HIGHLIGHTS Increased production 361% to 3,802 boe/d in Q4 2017 from 824 boe/d in Q4 2016 (increased 22% from 3,123 boe/d in Q3 2017). Increased adjusted funds flow 4,653% to $4.5 [Read more]
Cenovus delivers strong first quarter operational performance
Financial results impacted by hedging and price differentials CALGARY, Alberta, April 25, 2018 (GLOBE NEWSWIRE) -- Cenovus Energy Inc. (TSX:CVE) (NYSE:CVE) had continued strong operational performance from its oil sands projects and Deep Basin natural gas assets in the first quarter of 2018. The company’s quarterly financial results were impacted by risk management losses, wider light-heavy oil differentials and planned refinery maintenance. As previously announced, Cenovus responded to the [Read more]
Meet the Future of Oil and Gas Head On – Accelerating Growth in a Landscape of Rapid Turmoil and Transition
Ready or not, the North American Oil & Gas Industry must contend with a new normal. A confluence of trends - a new pricing paradigm, rapid growth in renewables, and accelerating technology advancements - is reshaping the industry. Join us for a free 1 hour webinar to learn about the rapid turmoil & transitions taking place across the Oil & Gas sector and how your organization can prepare for the challenges and opportunities that lie ahead. Our speakers will also be highlighting [Read more]
Connacher Announces Q4 2017 and Year-End 2017 Results
CALGARY, April 24, 2018 /CNW/ - Connacher Oil and Gas Limited ("Connacher" or the "Company") announces its financial and operating results for the quarter- and year-ended December 31, 2017 (all amounts are in Canadian dollars unless otherwise noted). Q4 2017 and Year-End 2017 Highlights Financial Q4 2017 and YTD 2017 revenue, net of royalties, increased 66% to $61.2 million (Q4 2016 - $36.8 million) and $218.0 million (2016 - $103.1 million), respectively, primarily due to improved [Read more]
Connacher Reports Year-End 2017 Reserves
CALGARY, April 24, 2018 /CNW/ - Connacher Oil and Gas Limited ("Connacher" or the "Company") announces its year-end reserves as of December 31, 2017, as evaluated by GLJ Petroleum Consultants Ltd. ("GLJ"), independent qualified reserves evaluators. Proved producing reserves decreased by 1.4 million barrels (gross) to 13.3 million barrels (gross). The net present value of future net revenue before income taxes (discounted at ten per cent) ("10% PV") of the proved producing reserves decreased [Read more]
CRAIG: Ottawa should stop funding anti-oil research
Just when you thought Canada’s nonsensical world of oil and gas policy couldn’t get any worse, consider this little nugget of lunacy. The federal government is actually funding anti-oil research activists. Yes, your tax dollars at work. If you visit the federal government’s Social Sciences and Humanities Research Council’s website you’ll find a document that lists grants awarded in 2015, including one for $2.5 million over six years that will fund “mapping the power of the carbon-extractive [Read more]