TORONTO - After sending out a tweet in support of the federal government's proposed carbon pricing plan, Telus has issued an apology to angry customers threatening to take their business elsewhere. The telecom giant said the tweet was not meant to be partisan or political, and apologized for it in another tweet sent today. Within hours on Tuesday night, Telus's offending social media high five to carbon pricing had sparked multiple responses from disgruntled people identifying [Read more]
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Velvet Energy Ltd. Announces US$125 Million Senior Secured Second Lien Note Financing and an Accelerated 2017 Ellerslie Development Program
CALGARY, AB--(Marketwired - October 05, 2016) -Velvet Energy Ltd. (the "Company" or "Velvet"), a private oil and liquids-rich natural gas producer in the Deep Basin of Alberta, is pleased to announce that it has completed a private placement (the "Financing") of US$125 million of Senior Secured Second Lien Notes due 2023 (the "Notes"). The Company is also pleased to provide an update on its core Edson Ellerslie program and plans for advancing key exploration initiatives. On October 5, 2016, [Read more]
Alberta PC Interim Leader Ric McIver’s thoughts on change
Sometime before I was born, the world switched from the horse to the automobile as the preferred mode of transportation. En masse, people made a conscious decision to make the switch as automobiles simply proved to be a better means to get around. To be sure, there was a time when cars (as they came to be known) performed poorly; I can only imagine horse loyalists scoffing at the broken-down cars on the side of the road thinking they made a more sensible choice. But over time, car technology [Read more]
Shell Canada Limited: Kaybob Duvernay Land Divestiture
Sayer Energy Advisors has been engaged to assist Shell Canada Limited with the marketing of certain of its Duvernay rights in the Kaybob area of northwestern Alberta. At Kaybob, Shell holds a 100% working interest in a total of 50 sections of land with Duvernay rights. There is between four and five years remaining on the majority of the licenses. The land has been proven to be productive for Duvernay oil. Shell commenced producing oil from a horizontal Duvernay well on the land in 2014. [Read more]
Shifting Momentum; Calfrac Well Services Leads the Shift in Annular Fracturing
Annular fracturing has gained tremendous momentum across Western Canada, and Calfrac Well Services has quietly established itself as the leader in sleeve-shifting and fracture treatment execution. The process of annular fracturing uses coiled tubing to open a sleeve so that a fracture treatment can be pumped down the annulus and into the formation. This pinpoint stimulation process can be repeated numerous times with a single coiled tubing trip. Sleeves may be left opened or closed, allowing [Read more]
Not all Barrels are Created Equal: How understanding distinctions can impact your investment decisions
From SEC to NI 51-101, industry experts use various regulatory documents to guide the reporting of oil and gas volumes. These standards have notable differences that should be understood to properly assess reserves and resources— the assets that underpin your investments. This webinar will clarify and articulate the consequences of regulatory differences that influence the volumes being defined as reserves or resources and how this can impact your strategic investment decisions. Who [Read more]
AltaGas Announces Death of Director
CALGARY, ALBERTA--(Marketwired - Oct. 5, 2016) - AltaGas Ltd. ("AltaGas") (TSX:ALA) announces, with great sadness, that Mr. Hugh Fergusson, a member of AltaGas' Board of Directors, has passed away. Mr. Fergusson has been a director of AltaGas and its predecessor since May 7, 2008, and had been a director of Taylor NGL Limited Partnership, which AltaGas acquired in January 2008. Mr. Fergusson's counsel to the Board of Directors and management, and his contributions, insights and knowledge across [Read more]
Front Range Reports Issuance of Stock Options
CALGARY, AB--(Marketwired - October 04, 2016) - Front Range Resources Ltd. (the "Company") (TSX VENTURE: FRK) reports that it has issued an aggregate of 4,000,000 options to purchase common shares of the Company to certain directors, officers and employees of the Company in accordance with the Company's stock option plan. The options are exercisable at a price of $1.05 per share and expire five years from the date of grant. [Read more]
GLJ Petroleum’s October 1, 2016 Price Forecast
In the biggest news the oil market has seen in a while, OPEC just announced their agreement to cut the group’s crude oil output to 32.5 to 33 million barrels per day. Some are arguing about the specific terminology, saying it’s really only an “agreement to agree” or “an understanding that an agreement needs to be reached” and that the details remain to be seen. Nonetheless, OPEC’s most powerful member, Saudi Arabia, has offered to reduce its production, which is a sign they may be willing to [Read more]
Vivian Krause’s poignant article “The cash pipeline opposing Canadian oil pipelines” is a must read
The National Post recently published an article poignantly delineating the various sources of the money behind the opposition towards Canadian energy projects. Written by Vivian Krause, a Canadian researcher and writer, Krause's article has caught the attention of many wishing to understand how campaigns against Canada's energy industry are financed and executed. Commenting on the article, Cody Battershill founder of Canada Action, a grassroots movement supporting Canada's natural resource [Read more]