CALGARY, ALBERTA--(Marketwired - Nov. 2, 2017) - Q3 HIGHLIGHTS (all financial figures are unaudited and in Canadian dollars unless otherwise noted) Earnings were $765 million or $0.47 per common share for the third quarter and $2,322 million or $1.57 per common share for the nine-month period, both including the impact of a number of unusual, non-recurring or non-operating factors Adjusted earnings were $632 million or [Read more]
Headlines
Booming oil demand is eroding inventories: Kemp
LONDON, Nov 2 (Reuters) - Global oil consumption is growing rapidly, helping account for the decline in reported inventories, the recent surge in prices and the shift in futures markets from contango to backwardation. Consumption is much harder to measure than production, which is why the demand side of the market receives less attention. Even in the advanced economies, consumption data is only available with a delay of two months or more, and reliable data from emerging economies often not at [Read more]
Baytex Reports Q3 2017 Results and Board Appointment
CALGARY, Alberta, Nov. 02, 2017 (GLOBE NEWSWIRE) -- Baytex Energy Corp. ("Baytex") (TSX:BTE) (NYSE:BTE) reports its operating and financial results for the three and nine months ended September 30, 2017 (all amounts are in Canadian dollars unless otherwise noted). “We continue to reposition our business for the current low commodity price environment by reducing our cash costs and improving capital efficiencies. I am pleased that production is trending toward the high end of guidance while our [Read more]
Cenovus reports solid third quarter results
CALGARY, Alberta, Nov. 02, 2017 (GLOBE NEWSWIRE) -- Cenovus Energy Inc. (TSX:CVE) (NYSE:CVE) delivered strong cash from operating activities and adjusted funds flow in the third quarter including three full months of solid contribution from the oil sands and Deep Basin assets acquired on May 17, 2017. To further optimize its portfolio and deleverage its balance sheet, the company has announced sale agreements for its Pelican Lake, Suffield and Palliser assets for combined gross cash proceeds of [Read more]
Canadian Natural Resources Limited Announces 2017 Third Quarter Results
CALGARY, ALBERTA--(Marketwired - Nov. 2, 2017) - Commenting on Company results, Steve Laut, President of Canadian Natural (TSX:CNQ)(NYSE:CNQ) stated, "Canadian Natural has reached a major milestone with the successful completion of the Phase 3 expansion at our world class Horizon Oil Sands Mining and Upgrading asset, a significant event. The completion of the Phase 3 expansion also marks the final step of our transition to a long life low decline asset base. High value upgraded products will [Read more]
Apache Corporation Releases Third Quarter 2017 Financial and Operational Results
HOUSTON, Nov. 02, 2017 (GLOBE NEWSWIRE) -- Apache Corporation (NYSE:APA) (Nasdaq:APA) today announced third-quarter 2017 financial and operational results on its website at www.apachecorp.com or investor.apachecorp.com as well as on Twitter (@ApacheCorp). There will be a conference call to discuss the results at 1 p.m. Central time. The conference call will be webcast from the website, and the webcast replay will be archived there as well. The conference call will also be available for playback [Read more]
Emission-cutting policies expected to close refineries, new report says
CALGARY - The Carbon Tracker Initiative says about 100 of the world's refineries may be forced to shut down in the next 18 years due to shrinking fuel demand as carbon emissions reduction policies are implemented. But the London-based environmental group says Canadian refineries are among the most likely to remain open as they pay less for the oilsands crude they use, which means their refining operations have healthier profit margins than many others. Author Andrew Grant says [Read more]
Toscana Energy Announces Sale of Non-Core Undeveloped Land
CALGARY, AB--(Marketwired - November 01, 2017) - Toscana Energy Income Corporation ("Toscana Energy" or the "Company") (TSX: TEI) is pleased to announce that it has entered into a Purchase and Sale Agreement to sell 13 sections of undeveloped land in Northern Alberta (the "Assets") to a private company for total cash consideration of $1.6 million subject to normal industry conditions. Proceeds of this sale will be initially utilized to reduce the Company's outstanding credit facilities and then [Read more]
Whitecap Resources Inc. Announces Third Quarter 2017 Results, 2018 Per Share Growth and 5% Dividend Increase Within Funds Flow
CALGARY, Nov. 1, 2017 /CNW/ - Whitecap Resources Inc. ("Whitecap" or the "Company") (TSX: WCP) is pleased to report its operating and unaudited financial results for the three and nine months ended September 30, 2017. Selected financial and operating information is outlined below and should be read with Whitecap's unaudited interim consolidated financial statements and related Management's Discussion and Analysis ("MD&A") which are available at www.sedar.com and on our website at [Read more]
Pengrowth Regains Compliance with the NYSE Continued Listing Requirements
CALGARY, ALBERTA--(Marketwired - Nov. 1, 2017) - Pengrowth Energy Corporation (TSX:PGF)(NYSE:PGH) today announces that it has received formal notification from the New York Stock Exchange ("NYSE") that it has regained compliance with its continued listing standards. On May 16, 2017, the Corporation received a non-compliance notice from the NYSE as a result of the 30 day average closing price of its shares falling below US $1.00. On November 1, 2017 Pengrowth received notification from the NYSE [Read more]