CALGARY, ALBERTA--(Marketwired - Nov. 29, 2017) - Enbridge Income Fund Holdings Inc. (the "Company") (TSX:ENF) today announced that it has entered into an agreement with a syndicate of underwriters led by Scotiabank, RBC Capital Markets and TD Securities Inc., for the purchase and distribution to the public of 17,986,000 common shares ("Common Shares") at a price of $27.80 per Common Share (the "Offering Price") for gross proceeds of $500,010,800 (the "Offering"). The underwriters were also [Read more]
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Imperial announces appointment of David W. Cornhill to its board of directors
CALGARY, Nov. 29, 2017 /CNW/ - Imperial Oil Limited is pleased to announce the appointment of David W. Cornhill to Imperial's board. Mr. Cornhill is currently the chairman of the board and founder of AltaGas Ltd. Mr. Cornhill founded AltaGas on April 1, 1994 and served as chairman of the board and chief executive officer until April 15, 2016. Mr. Cornhill has over 35 years of experience with leading energy and energy infrastructure companies, and more than 25 years in C-suite [Read more]
Canada says it supports Kinder Morgan’s Trans Mountain pipeline appeal
CALGARY, Alberta, Nov 29 (Reuters) - Canada’s federal government said on Wednesday it supports Kinder Morgan Canada Ltd’s second appeal to the country’s energy regulator over local permits for its planned Trans Mountain oil pipeline expansion project. Kinder Morgan has been pushing its C$7.4 billion ($5.9 billion) federally approved pipeline in an increasingly public way, repeatedly seeking regulatory intervention amid increased roadblocks with lower governments and environmentalist and [Read more]
Alberta still on track for $10.3B deficit, but signs point to growing economy
EDMONTON - Alberta remains on track to rack up a $10.3-billion deficit this year but Finance Minister Joe Ceci says the economy is rebounding and it's time public sector workers step up to help keep it going. "Alberta is back in the saddle," Ceci said Tuesday as he presented the second-quarter update to the 2017-18 budget. "Now we have more choices to make — and they will be careful, considered choices about the services Albertans value, about how to return to balance with cuts [Read more]
PetroShale Announces Financial and Operating Results for the Third Quarter of 2017
CALGARY, Alberta, Nov. 29, 2017 (GLOBE NEWSWIRE) -- PetroShale Inc. ("PetroShale" or the "Company") (TSXV:PSH) (OTCQX:PSHIF) is pleased to announce its financial and operating results for the three and nine month periods ending September 30, 2017. The Company’s unaudited consolidated financial statements and corresponding Management’s Discussion and Analysis (MD&A) for the period are available on SEDAR at www.sedar.com, on the OTCQX website at www.otcqx.com, and on PetroShale’s website at [Read more]
TourXchange continues to grow, adding 4,619 wells since September
Canada’s largest and most comprehensive drilling research database now serves up data and insights for nearly 160,000 wells across the WCSB Calgary, AB, November 29, 2017 – Calgary data and software company XI Technologies Inc. announced today that their innovative drilling data share project, TourXchange (pronounced “tower exchange”), has grown by 4,619 wells since September 2017 and now includes digital well tour data for 158,719 wells. The enhanced drilling data in TourXchange coupled [Read more]
Leucrotta Announces Q3 2017 Financial and Operating Results
CALGARY, Alberta, Nov. 29, 2017 (GLOBE NEWSWIRE) -- LEUCROTTA EXPLORATION INC. (TSXV:LXE) (“Leucrotta” or the “Company”) is pleased to announce its financial and operating results for the three and nine months ended September 30, 2017. All dollar figures are Canadian dollars unless otherwise noted. HIGHLIGHTS Increased production 216% to 3,123 boe/d in Q3 2017 from 989 boe/d in Q3 2016 (increased 19% from 2,629 boe/d in Q2 2017). Increased funds from operations 1,509% to $1.7 [Read more]
Cequence Energy Announces Credit Facility Amendment
CALGARY, Nov. 28, 2017 /CNW/ - Cequence Energy Ltd. (the "Company" or "Cequence") (TSX:CQE) is pleased to announce that the Company has completed its semi annual review of its senior credit facilities with its syndicate of lenders. As part of such review, the Company's borrowing base under the credit facilities has been reduced from $20 million to $12 million. The Company's credit facilities remain undrawn as of the date of this press release other than outstanding letters of credit of $4.1 [Read more]
Ironhorse Announces Q3 2017 Financial and Operating Results
CALGARY, Nov. 28, 2017 /CNW/ - Ironhorse Oil & Gas Inc. ("Ironhorse" or the "Company") (TSX-V: IOG) announces its financial and operating results for the three and nine months ended September 30, 2017. Financial and Operation Summary The Company's reported production declined 37% to 104 boe/d in the third quarter of 2017 compared to 165 boe/d produced in the second quarter of 2017. The current quarter production was impacted by unanticipated downtime and repair and maintenance work on [Read more]
Blackbird Energy Inc. Announces Year End 2017 Reserves, Financial and Operating Results
CALGARY, Alberta, Nov. 28, 2017 (GLOBE NEWSWIRE) -- (TSX-V:BBI) Blackbird Energy Inc. (“Blackbird” or the “Company”) is pleased to announce its reserves, financial and operational results for the year ended July 31, 2017. Blackbird’s audited consolidated financial statements, management’s discussion and analysis, annual information form and statement of reserves data and other oil and gas information, as mandated by National Instrument 51-101 – Standards of Disclosure for Oil and Gas Activities [Read more]