Some love Donald Trump, while others despise him. The main thing these two groups have in common is they are unlikely to be convinced the other is correct. This article is not about trying to change the mind of anyone on either side of that divide because that is a pointless endeavour. It is however about something that should be galling, frustrating and disappointing to Albertans in either camp. That is the indisputable fact that Donald Trump has delivered more positive results for the [Read more]
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Corporate Divestiture: Bering Exploration Company, ULC
Sayer Energy Advisors has been engaged to assist Bering Exploration Company, ULC and its related entities, Lexington Oil & Gas Co. and Vitus Oil and Gas, ULC (collectively “Bering” or the “Companies”) with the sale of the shares of the Companies. Bering is a private company with a small number of shareholders, four employees, low overhead and positive working capital. Bering’s properties are located in the Sullivan Lake, Mitsue and Peace River Arch (“PRA”) areas of Alberta (the [Read more]
WTI flips into big backwardation after pipeline spill: Kemp
U.S. crude futures prices have swung into substantial backwardation after a spillage on the Keystone pipeline severely reduced crude deliveries from Canada into the U.S. Midwest. U.S. crude futures, also known as West Texas Intermediate (WTI), are based on crude delivered into the tank and pipeline system around Cushing, Oklahoma. Futures prices are therefore very sensitive to anything that affects the regional supply-demand balance in the Midwest. After the spill on Nov. 16, the [Read more]
Little Rock Resources Ltd. – Divestiture of Southern Alberta Royalty Interests
Sayer Energy Advisors has been engaged to assist Little Rock Resources Ltd. (“Little Rock” or the “Company”) with the marketing of its southern Alberta royalty interests (the “Royalty Properties”). The Royalty Properties consist of various royalty interests in producing and non-producing oil and natural gas wells in the Chin Coulee, Enchant (including the Enchant Upper Mannville Unit, Enchant Glauconitic Unit and Enchant Glauconitic Unit No. 1), Badger, Majorville and Jumpbush areas of southern [Read more]
Ikkuma Resources Corp. Announces Third Quarter 2017 Financial Results and Update on Foothills Acquisition
CALGARY, Nov. 23, 2017 /CNW/ - Ikkuma Resources Corp. ("Ikkuma" or the "Corporation") (TSXV: IKM) is pleased to report its financial and operating results for the three and nine months ended September 30, 2017. Selected financial and operational information is set out below and should be read in conjunction with Ikkuma's interim condensed financial statements and the related management's discussion and analysis ("MD&A") for the three and nine months ended September 30, 2017. Ikkuma's [Read more]
RMP Energy Announces Name Change to Iron Bridge Resources Inc.
CALGARY, Alberta, Nov. 22, 2017 (GLOBE NEWSWIRE) -- RMP Energy Inc. (the "Company") is pleased to announce that it has changed its name to Iron Bridge Resources Inc., effective immediately. In connection with the name change, the Company's common shares are expected to start trading on the Toronto Stock Exchange under a new stock symbol: “IBR” at the open of markets on Monday, November 27, 2017. No action is required to be taken by the Company’s shareholders with respect to this corporate name [Read more]
Suncor Energy announces further debt reduction
CALGARY, ALBERTA--(Marketwired - Nov. 22, 2017) - As announced earlier today, Suncor successfully closed the sale of a 49% equity interest in the East Tank Farm Development project for aggregate proceeds of $503 million. Suncor is directing the proceeds from this sale, together with the proceeds from the issuance earlier this month of US$750 million in aggregate principal amount of 4.000% senior unsecured notes due 2047, towards the early redemption of outstanding US$600 million 6.05% senior [Read more]
Connacher Announces Q3 2017 Results
CALGARY, Nov. 22, 2017 /CNW/ - Connacher Oil and Gas Limited ("Connacher" or the "Company") announces its financial and operating results for the three and nine months ended September 30, 2017 ("Q3 2017") (all amounts are in Canadian dollars unless otherwise noted). Through improved pricing, major cost structure reductions, and high operational reliability, the Company continued to improve its operating netback and adjusted EBITDA in Q3 2017. Financial Q3 2017 and YTD 2017 revenue, [Read more]
First shipment of LNG from Canada to China launches from B.C.
Shipment opens door to B.C. becoming competitive exporter in the global marketplace SURREY, BC, Nov. 22, 2017 /CNW/ - Canada's liquefied natural gas (LNG) export industry recently reached a milestone with the departure of its first shipment to China in a pilot project to determine long-term feasibility. LNG was supplied by FortisBC's Tilbury facility in Delta, logistics and equipment were provided by True North Energy Corporation and CIMC ENRIC Holdings Limited, and the cargo was shipped from [Read more]
U.S. oil rig count up in Nov, first monthly build since July -Baker Hughes
U.S. energy companies this week added oil rigs, with the monthly rig count rising for the first time since July as crude prices traded near their highest levels since the summer of 2015. Drillers added nine oil rigs in the week to Nov. 22, bringing the total count up to 747, General Electric Co's Baker Hughes energy services firm said in its closely followed report on Wednesday. Baker Hughes released the rig count early this week due to the U.S. Thanksgiving Day holiday on Thursday. The [Read more]