A sad story appeared in the news the other day, in the business section of all places. Not comically sad like earthquakes or pet hamster deaths, more like the demoralizing sadness one gets when hearing an interview with a Wall Street banker. The sense that the wrong people are winning. In this instance, the disheartening story was how Suncor Energy, a major Canadian oil sands producer and general all around fossil fuel company, made headlines by announcing that it would be prepared to “strand” [Read more]
Headlines
Vermilion Energy Inc. Announces Results for the Three and Six Months Ended June 30, 2016
CALGARY, Aug. 8, 2016 /CNW/ - Vermilion Energy Inc. ("Vermilion", "We", "Our", "Us" or the "Company") (TSX, NYSE: VET) is pleased to report operating and unaudited financial results for the three and six months ended June 30, 2016. The unaudited financial statements and management discussion and analysis for the three and six months ended June 30, 2016, will be available on the System for Electronic Document Analysis and Retrieval ("SEDAR") at www.sedar.com, on EDGAR at [Read more]
Blue Sky Energy Corporate Update
TORONTO, ONTARIO--(Marketwired - Aug. 8, 2016) - Blue Sky Energy Inc. (TSX VENTURE:BSI) announces that the company has completed the restructuring of its operations and plans to focus its efforts on pursing the acquisition of resource assets in competitive and stable energy jurisdictions. The company's ongoing focus is to enhance shareholder value by identifying undervalued and producing assets with exploration upside potential and near term cash flow. About Blue Sky Energy Inc.: Blue Sky [Read more]
Study: Electric Vehicles Don’t Have A Chance Unless Oil Prices Increase 1,000 Percent
Oil prices would have to skyrocket above $350 per barrel for electric vehicle makers to make a dent in the auto market, according to a study done by researchers at the University of Chicago. The batteries for electric vehicles cost, on average, about $325 per kWh, which means the price of oil would need to pitch upward by nearly 1,000 percent before Tesla’s auto fleet and the Nissan Leaf would be cheaper than gas-powered vehicles, researchers at the University of Chicago’s Energy Policy [Read more]
Lightstream Announces Results of Interim Order Application
CALGARY, ALBERTA--(Marketwired - Aug. 5, 2016) - Lightstream Resources Ltd. (the "Company" or "Lightstream") (TSX:LTS) announces that, in connection with our previously announced proposed recapitalization transaction to be implemented by way of a plan of arrangement under the Canada Business Corporations Act (the "Arrangement"), the Court of Queen's Bench of Alberta (the "Court") has issued an interim order (the "Interim Order") authorizing, among other things, the holding of special meetings [Read more]
Connacher Oil and Gas Limited Extends SISP Final Bid Deadline
CALGARY, Aug. 5, 2016 /CNW/ - Connacher Oil and Gas Limited (CLL – TSX; "Connacher" or the "Company") announces that the final bid deadline has been extended under the sale and investment solicitation process ("SISP") being conducted in conjunction with Connacher's proceedings under the Companies' Creditors Arrangement Act ("CCAA"). The new timeline under the SISP will be as follows: Milestone Deadline Phase II Bid Deadline August 19, 2016 Court Approval [Read more]
Bellatrix Receives Continued Listing Standard Notice from the New York Stock Exchange
TSX, NYSE: BXE - CALGARY, Aug. 5, 2016 /CNW/ - Bellatrix Exploration Ltd. ("Bellatrix" or the "Company") (TSX, NYSE: BXE) announced that it has received a continued listing standards notice from the New York Stock Exchange (the "NYSE") because the average closing price of Bellatrix's common shares was less than US$1.00 per share over a period of 30 consecutive trading days. In accordance with NYSE rules, Bellatrix has six months following receipt of the notification to regain compliance with [Read more]
Alberta jobless rate hits near 22-year high, ahead of Nova Scotia for first time
CALGARY - Alberta's monthly unemployment rate climbed to its highest level in nearly 22 years in July, marking the first time the province has had a worse jobless rate than Nova Scotia, Statistics Canada said Friday. The federal agency reported that Alberta's rate rose to 8.6 per cent last month — the highest since September 1994 — from 7.9 per cent in June. That's above the 8.4 per cent July unemployment rate in Nova Scotia, the first time Alberta has had a higher rate since [Read more]
Clearview Resources Ltd. Closes Private Placement
CALGARY, ALBERTA--(Marketwired - Aug. 5, 2016) - Clearview Resources Ltd. ("Clearview") is pleased to announce that it has completed its previously announced non-brokered private placement of 1,111,111 voting common shares at $4.50 per share. The proceeds of the offering will be used for general corporate purposes. [Read more]
Paramount Announces Second Quarter 2016 Results
CALGARY, ALBERTA--(Marketwired - Aug. 5, 2016) - (TSX:POU) - HIGHLIGHTS Paramount closed the sale of its Musreau Complex natural gas processing facility for gross cash proceeds of approximately $565 million in April 2016. In July 2016, Paramount entered into an agreement to sell 450 (310 net) sections of its Deep Basin oil & gas properties in the Musreau/Kakwa area (the "Musreau/Kakwa Assets") to Seven Generations Energy Ltd. ("7G" or "Seven Generations") for total consideration [Read more]