The Organization of the Petroleum Exporting Countries and its allies are taking a multi-layered bet that global oil dynamics will work in their favour by extending their crude oil production cuts until the end of 2018. The group met market expectations by extending the combined 1.8 million barrels per day (bpd) of output cuts from their previous expiry of March next year at their meeting in Vienna on Thursday. A commitment to exit the agreement gradually so as not to shock the market also [Read more]
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MSL Land Services Once Again Offers Free Crown Sales
MSL Land Services is offering the use of our name for confidential bidding at Alberta Crown Sales in December and January. As an added bonus the first client to post a bid and correctly name the Santa Clause in our Ad will win a pair of tickets to a Calgary Flames game. Click here to view more information Please contact Rob Gunn rob@mslland.ca 403-441-1020 or Patrycia Payne patrycia@mslland.ca 403-441-1914 for more information. www.mslland.ca [Read more]
MEG Energy Board of Directors appoints Daniel Farb to the Board
CALGARY, Dec. 1, 2017 /CNW/ - MEG Energy Corp. (TSX:MEG) announced today the appointment of Daniel S. Farb to its board of directors. Mr. Farb, a Canadian citizen, is a Managing Director of Highfields Capital, a Boston-based investment firm that manages over US$12 billion on behalf of endowments, foundations, pension funds and other institutional investors and is MEG's second largest shareholder. He joined Highfields in 2001 and is a Partner on the investment team, focusing primarily on [Read more]
MEG Energy announces 2018 capital investment plan supporting production to 100,000 bpd, sets the stage for continued growth in 2019
All financial figures in Canadian dollars ($ or C$) unless otherwise noted CALGARY, Dec. 1, 2017 /CNW/ - MEG Energy Corp. (TSX:MEG) announced today its 2018 capital investment plan and operational guidance. Highlights include: A 2018 capital budget of $510 million, 24% of which is directed towards the completion of the Phase 2B eMSAGP growth project, 20% towards an expansion of the pilot program involving the company's proprietary eMVAPEX technology and positioning the company to grow [Read more]
Marquee Energy Ltd. Announces Filing of Amended and Restated MD&A for the Year Ended December 31, 2016
CALGARY, Nov. 30, 2017 /CNW/ - Marquee Energy Ltd. ("Marquee" or the "Company") (TSXV: "MQX") announces a refiling of its Management, discussion and analysis ('MD&A') for the twelve months ended December 31, 2016 due to a clerical error at the time. The Company's amended and restated MD&A for the and twelve months ended December 31, 2016 is available on the System for Electronic Document Analysis and Retrieval (SEDAR) at www.sedar.com and on Marquee's website at [Read more]
Keyera Corp. Announces $429.4 million Public Offering of Common Shares
CALGARY, ALBERTA--(Marketwired - Nov. 30, 2017) - Keyera Corp. (TSX:KEY) ("Keyera") announced today that it has entered into a financing agreement with a syndicate of underwriters co-led by RBC Capital Markets and National Bank Financial Inc. under which Keyera will issue 12,200,000 common shares ("Common Shares") on a "bought deal" basis at an issue price of $35.20 per Common Share for total gross proceeds of approximately $429.4 million. The offering is in support of Keyera's growth capital [Read more]
Keyera Announces Natural Gas Handling Agreements and Capital Investments at its Simonette Gas Plant
CALGARY, Nov. 30, 2017 /CNW/ - Keyera Corp. (TSX:KEY) ("Keyera") today announced that it has entered into 10-year gas handling agreements with Athabasca Oil Corporation ("AOC") and Murphy Oil Company Ltd. ("Murphy") to process natural gas production from their Montney and Duvernay operations west of Fox Creek, Alberta. Both gas handling agreements include take-or-pay commitments and facility dedications. In support of these agreements, Keyera plans to enhance its Simonette gas plant [Read more]
Time to end debate and build Trans Mountain, pipeline president says
VANCOUVER - British Columbia says the federal government needs to back off and stop interfering in an independent review process over the approval of Kinder Morgan's Trans Mountain pipeline. Environment Minister George Heyman said he is "very disturbed" that the federal government supports the creation of a standing panel to quickly settle conflicts over provincial and municipal permits. "The federal government should get its nose out of British Columbia's business unless we're … [Read more]
OPEC, Russia agree oil cut extension to end of 2018
VIENNA (Reuters) - OPEC and non-OPEC producers led by Russia agreed on Thursday to extend oil output cuts until the end of 2018 as they try to finish clearing a global glut of crude while signaling a possible early exit from the deal if the market overheats. Russia, which this year reduced production significantly with OPEC for the first time, has been pushing for a clear message on how to exit the cuts so the market doesn’t flip into a deficit too soon, prices don’t rally too fast and rival [Read more]
Saturn Oil & Gas Inc. to Complete a $500,000 Non-Brokered Private Placement
SASKATOON, SASKATCHEWAN--(Marketwired - Nov. 30, 2017) - Saturn Oil & Gas Inc. ("Saturn" or the "Company") (TSX VENTURE:SMI)(FRANKFURT:SMK) announces a non-brokered private placement (the "Private Placement") of up to 3,333,333 units (the "Units") at a price of $0.15 per Unit for gross proceeds of up to $500,000. Each Unit consists of a one common share (the "Shares") and one-half of a common share purchase warrant (the "Warrants"). Each whole Warrant will entitle the holder to purchase [Read more]