Nov. 29, 2017, CALGARY /CNW/ - Manitok Energy Inc. (the "Corporation" or "Manitok") (TSX-V: MEI) announces its financial and operating results for the third quarter of 2017. The full text of Manitok's third quarter results are contained in its unaudited and unreviewed condensed interim consolidated financial statements as at and for the three and nine months ended September 30, 2017 and the related management's discussion and analysis, copies of which are available electronically on [Read more]
Headlines
Ottawa wants conflict resolution panel for Trans Mountain pipeline project
OTTAWA - The federal government wants to see a new process established to resolve conflicts over permits that Kinder Morgan says is delaying construction on its Trans Mountain pipeline expansion in British Columbia. Natural Resources Minister Jim Carr says the government has written to the National Energy Board, endorsing the creation of a panel that would address conflicts over municipal or provincial permits. Kinder Morgan (TSX:KML) has appealed to the board, arguing Burnaby in [Read more]
Pembina Pipeline Corporation Approves New Capital Projects and Announces 2018 Capital Program
CALGARY, Nov. 29, 2017 /PRNewswire/ - Pembina Pipeline Corporation ("Pembina" or the "Company") (TSX: PPL; NYSE: PBA) announced that its Board of Directors has approved approximately $400 million of new capital projects, as well as a capital program of approximately $1.3 billion for 2018. "2017 has been a transitional year in Pembina's history," said Mick Dilger, Pembina's President and Chief Executive Officer. "Since the beginning of 2015, we have placed approximately $8 billion of [Read more]
Enbridge Completes Strategic Plan and Financial Outlook; Announces Dividend Increase of 10% for 2018 and Confirms Growth Through 2020
CALGARY, ALBERTA--(Marketwired - Nov. 29, 2017) - Enbridge Inc. (Enbridge or the Company) (TSX:ENB)(NYSE:ENB) today announced the finalization of its strategic plan and outlook (the Plan) following the merger with Spectra Energy, which closed on February 27, 2017. The Plan includes a three-year financial outlook covering 2018 - 2020. The following summarizes the key elements of the Plan, which will be further discussed at the Company's investor conferences on December 12th and 13th, in New York [Read more]
Enbridge announces offering of CDN$1.5 billion of common shares by private placement
CALGARY, ALBERTA--(Marketwired - Nov. 29, 2017) - Enbridge Inc. (TSX:ENB) (NYSE:ENB) today announced that it has entered into subscription agreements with three large institutional investors to issue 33,456,003 common shares from treasury, on a private placement basis, at a price of CDN$44.84 per common share, for gross proceeds of approximately CDN$1.5 billion (the Offering). The proceeds from the Offering will be used to pay down short term indebtedness pending investment in capital [Read more]
Enbridge Income Fund Holdings Inc. Announces $500 Million Common Share Offering
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]
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]