Sayer Energy Advisors has been engaged to assist Predator Oil Ltd. (“Predator” or the “Company”) with the sale of its non-core oil and natural gas working interest properties located in various areas of Alberta, and its royalty interests located in Saskatchewan and Alberta (the “Properties”). Total production net to Predator from the Properties has averaged approximately 51 boe/d, consisting of 38 barrels of oil and natural gas liquids per day and 78 Mcf/d of natural gas. Production is [Read more]
Headlines
Ongoing protests behind halting of Trans Mountain expansion: activists
VANCOUVER - Protesters who have loudly voiced their opposition to the Trans Mountain pipeline expansion are taking credit for Kinder Morgan Canada's decision to pause work on the controversial project. "Every day the protests continue, it gets harder and harder to imagine (the pipeline) going ahead," said Karen Mahon, campaigns director with the environmental group Stand.Earth. Kinder Morgan announced Sunday that it had suspended all non-essential activities and related spending on the [Read more]
Pipeline protesters including Green leader should face criminal charges: judge
VANCOUVER - A B.C. Supreme Court judge says the Crown should consider laying criminal contempt of court charges against Green party Leader Elizabeth May and dozens of other demonstrators alleged to have violated a pipeline court injunction. May, New Democrat MP Kennedy Stewart, and others arrested last month are currently charged with civil contempt of court over allegations that they protested within five metres of two Trans Mountain sites in Burnaby, B.C. But Justice Kenneth Affleck said [Read more]
Pembina Pipeline Corporation Announces Changes to Reporting Segments
CALGARY, April 9, 2018 /CNW/ - Pembina Pipeline Corporation ("Pembina" or "the Company") (TSX: PPL; NYSE: PBA) announced today changes to the Company's reporting segments. As previously announced, given the enhanced scale and scope of Pembina's business following the closing of the Veresen Inc. ("Veresen") acquisition in 2017, and considering the future needs of both the Company and the North American energy industry, Pembina's management structure is evolving to position it for continued [Read more]
Financing, lawsuits, among feds options for Trans Mountain, says Carr
OTTAWA - A federal investment in the Trans Mountain pipeline is one of the possibilities the Liberal government is considering to help get the controversial project completed, says Natural Resources Minister Jim Carr. Alberta Premier Rachel Notley says her province is prepared to invest in the pipeline directly if it would help keep investors on board — a notion her opposition rival, United Conservative party Leader Jason Kenney, says he would support as long as Ottawa also puts money on the [Read more]
Kinder Morgan CEO says political solution needed for Trans Mountain project
CALGARY - Kinder Morgan is open to discussing an investment in its Trans Mountain pipeline expansion by the Alberta government if there's clear assurance that the project can actually be completed, the company's chief executive said Monday. Alberta Premier Rachel Notley suggested Sunday the province could invest in the project to ensure it goes forward after the company said it has suspended all non-essential activities and related spending on the pipeline expansion that would carry Alberta [Read more]
CEPA calls for immediate federal action on Trans Mountain Expansion Project
CALGARY, ALBERTA – 9 APRIL 2018 - The Canadian Energy Pipeline Association (CEPA) is deeply concerned about Kinder Morgan’s decision to suspend all non-essential activities and related spending on the Trans Mountain Expansion Project (TMEP). “This decision by Kinder Morgan is clearly the result of actions by the Government of British Columbia to frustrate a project that has already been approved by the regulator, federal and provincial governments. The facts and evidence gathered through [Read more]
Crescent Point Energy says activist Cation Capital lacks credibility
CALGARY - An activist investor is seeking changes on the board of Crescent Point Energy Corp., but the company says it lacks credibility and is engaged in an ill-conceived and self-serving exercise. Cation Capital Inc., which holds a 0.3 per cent stake in Calgary-based Crescent Point, said Monday it plans to nominate four people for election to the company's board, which has 10 members. "We believe Crescent Point's assets have tremendous long-term potential and the ability to create [Read more]
Alberta premier spells out retaliation in ‘frank chat’ with B.C. premier
EDMONTON - Alberta Premier Rachel Notley says British Columbia's opposition to the Trans Mountain pipeline threatens the rule of law in Canada and says she made it clear in a phone call to B.C. Premier John Horgan that her province is retaliating. Notley says they had what she called a "very frank chat." She says she is also introducing legislation this week to give Alberta the power to reduce oil flows to B.C., which could send gas prices in the province soaring. Notley's comments [Read more]
Business groups, Opposition denounce B.C. obstruction amid pipeline delay
VICTORIA - British Columbia's Opposition leader says the provincial government has ignored the rule of law over the Trans Mountain pipeline. Andrew Wilkinson says investors need to know that the provincial government will treat everyone equally. Kinder Morgan has suspended all non-essential spending and work on the $7.4-billion pipeline project and Premier John Horgan said Sunday he would not back away from defending provincial interests. Greg D'Avignon, president of the B.C. Business [Read more]