The fossil fuel debate sadly takes up too much real estate due to rearguard fighting against disinformation that litters the landscape. It’s a huge task merely to point out the fundamentals, such as how much fuel we actually consume, how much we rely on it, and how hard it will be to change to something else. Elaborating on these subjects comes across as a single-minded defense of fossil fuels, and it’s not. Certain fundamental realities need to be clearly understood by the masses before even [Read more]
Headlines
Ironhorse Oil & Gas Inc. and Pond Technologies Inc. Jointly Announce Proposed Business Combination and a Private Placement by Pond
CALGARY, Aug. 14, 2017 /CNW/ - Ironhorse Oil & Gas Inc. ("Ironhorse") (TSXV:IOG) and Pond Technologies Inc. ("Pond") are pleased to announce that they have entered into an arms-length non-binding letter of intent dated August 14, 2017 pursuant to which Ironhorse and Pond propose to complete a business combination by way of take-over bid (the "Proposed Transaction"). Pursuant to the Proposed Transaction, Ironhorse will offer to purchase all of the common shares of Pond ("Pond Shares") in [Read more]
RMP Energy Reports Second Quarter 2017 Results and Provides Initial Elmworth Production Information
CALGARY, Alberta, Aug. 14, 2017 (GLOBE NEWSWIRE) -- RMP Energy Inc. (“RMP” or the “Company”) (TSX:RMP) today reports its financial and operating results for the quarter ended June 30, 2017, in addition to providing initial production information from its Elmworth Montney asset. Elmworth Montney Update In June, the Company commissioned the operational start-up of its wholly-owned and operated Elmworth 2-23 facility (“2-23 Facility”). This marks an important corporate milestone as the Company [Read more]
Birchcliff Energy Ltd. Provides Series A Preferred Shares Conversion Privilege Notice
CALGARY, ALBERTA--(Marketwired - Aug. 14, 2017) - Birchcliff Energy Ltd. ("Birchcliff") (TSX:BIR) announces that it does not intend to exercise its right to redeem its Cumulative Redeemable Preferred Shares, Series A (the "Series A Shares") on September 30, 2017. As a result, subject to certain conditions, the holders of Series A Shares have the right to choose one of the following options with regard to their Series A Shares: (i) to retain any or all of their Series A Shares and continue to [Read more]
Pengrowth Closes Significant Asset Sales and Reaches Agreement in Principle on Key Elements of Covenant Relief
CALGARY, ALBERTA--(Marketwired - Aug. 14, 2017) - Pengrowth Energy Corporation (TSX:PGF) (NYSE:PGH) is pleased to announce its second quarter 2017 operating results, highlighted by additional asset sales, and further reductions to outstanding debt and cost structures. All of these activities in combination with an agreement in principle on the key elements of an amendment with a group of noteholders for covenant relief, significantly improves Pengrowth's financial flexibility. Since the start [Read more]
A brief overview of UCP candidate policy platforms
Its been an arduous road since the 2015 provincial election's conservative vote schism, which, of the roughly 1.5 million votes cast, saw over half go to conservative parties but gave us an NDP government. Since then souls were searched, ego's tested and careers wagered; all under a banner of uniting a group with more in common than not, and in defeat of a party crazy enough to weigh intangibles like 'social licence' over fundamentals like Alberta's bleeding red balance sheet. But alas, he we [Read more]
Pembina Pipeline Corporation Announces $600 Million Public Note Offering
CALGARY, Aug. 14, 2017 /CNW/ - Pembina Pipeline Corporation ("Pembina" or the "Company") (TSX: PPL, NYSE: PBA) announced today that it has agreed to issue $600 million of senior unsecured medium-term notes (the "Offering"). The Offering will be conducted in two tranches consisting of $350 million principal amount through the re-opening of the Company's 2.99% medium-term notes, series 8, due January 22, 2024 (the "Series 8 Notes") and $250 million principal amount through the re-opening of the [Read more]
Gibson Energy’s biggest shareholder calls for strategic review
M&G Investment Management Ltd, the largest shareholder in Canada's Gibson Energy , on Monday urged the Calgary-based oil and gas infrastructure company to launch a strategic review process to cut costs and boost returns. London-based M&G, which owns 19.4 percent of Gibson's outstanding shares, released an open letter laying out its views of the company and the steps it could take to maximize value, including being sold. Gibson Energy, which provides storage and transportation [Read more]
Husky Agrees to Acquire U.S. Midwest Refinery; Increases Value-Added Processing Capacity
CALGARY, Alberta, Aug. 14, 2017 (GLOBE NEWSWIRE) -- Husky Energy (TSX:HSE) announces it has entered into definitive agreements to acquire the Superior Refinery, a 50,000 barrel per day permitted capacity facility located in Superior, Wisconsin from Calumet Specialty Products Partners, L.P. for $435 million US in cash. The deal is subject to customary closing adjustments. “Acquiring the Superior Refinery will increase Husky’s downstream crude processing capacity, keeping value-added processing [Read more]
Spartan Energy Corp. Announces Increased 2017 Production Guidance and Second Quarter Financial and Operating Results
CALGARY, ALBERTA--(Marketwired - Aug. 14, 2017) - Spartan Energy Corp. ("Spartan" or the "Company") (TSX:SPE) is pleased to report its financial and operating results for the three and six months ended June 30, 2017. Selected financial and operational information is set out below and should be read in conjunction with Spartan's June 30, 2017 interim financial statements and the related management's discussion and analysis, which are available for review at www.sedar.com or on the Company's [Read more]