CALGARY, ALBERTA--(Marketwired - Aug. 4, 2016) - Trilogy Energy Corp. (TSX:TET) ("Trilogy") is pleased to announce its financial and operating results for the six months-ended June 30, 2016. Financial and Operating Highlights Reported sales volumes for the second quarter of 2016 were lower at 20,299 Boe/d as compared to 22,786 Boe/d in the previous quarter. The decrease in production was attributed to the impact of shut-in production due to low natural gas prices (~ 1,200 Boe/d), forest [Read more]
Headlines
Pembina Pipeline Corporation Reports Second Quarter 2016 Results
$1.5 billion of new assets into service so far this year, including recently completed strategic acquisition; record first half results All financial figures are in Canadian dollars unless noted otherwise. CALGARY, Aug. 4, 2016 /CNW/ - Pembina Pipeline Corporation ("Pembina" or the "Company") (TSX: PPL; NYSE: PBA) announced today its financial and operating results for the second quarter of 2016. Financial Overview 3 Months Ended 6 Months [Read more]
Crew Energy Inc. Announces Second Quarter 2016 Financial and Operating Results
CALGARY, ALBERTA--(Marketwired - Aug. 4, 2016) - Crew Energy Inc. (TSX:CR) ("Crew" or the "Company") is pleased to announce our operating and financial results for the three and six month periods ended June 30, 2016, and an update on the Company's continued progress developing our world-class Montney assets in northeast British Columbia ("NE BC"). Crew's Financial Statements and Notes, as well as Management's Discussion and Analysis ("MD&A") for the three and six month periods ended June 30, [Read more]
Tourmaline achieves strong first half growth with a cash flow budget
CALGARY, Aug. 3, 2016 /CNW/ - Tourmaline Oil Corp. (TSX:TOU) ("Tourmaline" or the "Company") is pleased to release strong financial and operating results for the second quarter of 2016. Highlights First half 2016 average production of 190,820 boepd, within the full-year 2016 guidance range of 190,000-195,000 boepd and a 33% increase over 1H 2015. Record second quarter operating costs of $3.41/boe, down 17% from Q2 2015, and 8% from Q1 2016. Industry-leading cash financing costs of [Read more]
Whitecap Resources Inc. Announces Second Quarter 2016 Results
CALGARY, Aug. 4, 2016 /CNW/ - Whitecap Resources Inc. ("Whitecap" or the "Company") (TSX: WCP) is pleased to report its operating and unaudited financial results for the three and six months ended June 30, 2016. Selected financial and operating information is outlined below and should be read with Whitecap's unaudited interim consolidated financial statements and related Management's Discussion and Analysis ("MD&A") which are available at www.sedar.com and on our website at [Read more]
Alberta August 3 Land Sale Nets Second Largest Result for 2016
The 14th Alberta land sale of the year, held on August 3, has earned Alberta a total of $11.21 million, making this the second largest sale result of the year. The biggest Alberta sale so far for 2016 was on June 22 and that one netted $16.1 million for the province. There were a total of 72 parcels with acceptable lease bids including 3 Oil Sands Leases for this sale. The total for all 14 sales so far for 2016 is $76.2 million. This is still well behind this time last year, when the total [Read more]
Inter Pipeline Announces Strong Second Quarter 2016 Financial and Operating Results
CALGARY, ALBERTA--(Marketwired - Aug. 4, 2016) - Inter Pipeline Ltd. ("Inter Pipeline") (TSX:IPL) announced today strong financial and operating results for the three and six month periods ended June 30, 2016. Second Quarter Highlights Funds from operations (FFO)* of $197 million, a nine percent increase over the second quarter of 2015 NGL extraction business segment recorded FFO* of approximately $31 million, a 31 percent increase over the same period in 2015 Generated net income [Read more]
Downturn Sets Markets Up For A Dramatic Oil Price Spike
Another oil price downturn threatens to deepen the plunging levels of investment in upstream oil and gas production, which could create a more acute price spike in the years ahead. Oil and gas companies have gutted their capex budgets, necessary moves as drillers went deep into the red following the crash in oil prices. But the sharp cutback in investment means that huge volumes of oil that would have otherwise come online in five or ten years now will remain on the sidelines. The industry [Read more]
Plains All American Pipeline, L.P. Completes Acquisition of Canadian NGL Business from Spectra Energy Corp
HOUSTON--(BUSINESS WIRE)--Plains All American Pipeline, L.P. (NYSE: PAA) announced today that its wholly owned subsidiary, Plains Midstream Canada ULC (“PMC”), has completed the previously announced acquisition of the Canadian natural gas liquids (“NGL”) business from Westcoast Energy Inc., a wholly owned subsidiary of Spectra Energy Corp, for a cash purchase price of approximately C$267 million (USD $204 million), including approximately C$67 million (USD $51 million) for inventory and working [Read more]
Canada Action launches redesigned online store
Canada Action is excited to announce the launch of our redesigned online store with hoodies, hats, mugs and t-shirts for both men and women. All products are printed and shipped locally in Alberta with quick delivery times. You can also order free stickers on our website or purchase large waterproof vehicle stickers in the online store! To celebrate our successful online kickoff, we have launched an advertising campaign at the Calgary, Edmonton and Fort McMurray airports featuring our [Read more]