CALGARY, April 7, 2013 /CNW/ - TriOil Resources Ltd. ("TriOil" or the "Company" - TSXV: TOL) announces that an updated presentation has been posted on the Company's website at www.trioilresources.com. The corporate presentation will be located under the Investor Information - Presentations page of the website. TriOil is a Calgary, Alberta based company engaged in the exploration, development and production of petroleum and natural gas. TriOil has approximately 64.0 million class A shares issued [Read more]
Headlines
Natural gas surges to 20-month high
By BOE Report staff Natural gas prices have been rising quickly in recent months as cold weather blanketed the United States through March and into early April. Half of U.S. homes use natural gas for heating. NYMEX natural gas rose 4.6 per cent Friday to close at $4.13 per thousand cubic feet. That's the highest close for natural gas since August 2011. The price has doubled since last year at this time, when the nation was emerging from the warmest winter on record. AECO gas finished up [Read more]
OY VEY! Group concerned about “climate change” proposes warning labels for gas nozzles
TORONTO – An environmental group focused on the dangers of climate change is lobbying for Canadian municipalities to pass bylaws that would require warning labels on gas station pump nozzles. Lawyer Robert Shirkey says the warning labels on the nozzles would be similar to those found on cigarette packages and would act to warn users of the negative effects of fossil fuels. “The future of the planet is literally in the palm of your hand (when you pick up the nozzle),” Shirkey, [Read more]
Kelt Exploration Ltd. closes $94.35 million equity financing
CALGARY , April 5, 2013 /CNW/ - (KEL.TO) - Kelt Exploration Ltd. ("Kelt" or the "Company") is pleased to announce that it has completed a bought deal private placement offering (the "Brokered Offering") with a syndicate of underwriters led by Peters & Co. Limited and including FirstEnergy Capital Corp., RBC Capital Markets, Scotia Capital Inc., CIBC World Markets Inc., Cormark Securities Inc., Dundee Securities Ltd., Macquarie Capital Markets Canada Ltd., National Bank Financial Inc., GMP [Read more]
Canadian Natural Resources spends about $345.9 million on stock buyback program
CALGARY - Canadian Natural Resources Ltd. (TSX:CNQ.TO) spent about $345.9 million buying back its own shares on the public market over the past year, according to figures released Friday by the Calgary-based oil and gas company. CNQ says it has repurchased 11,886,200 shares on the Toronto and New York stock exchanges at a weighted average price of C$29.10 under a 12-month buyback program that ends April 8. Most of the shares were repurchased by the end of the first quarter, at a [Read more]
Canadian Natural Resources Limited Announces Normal Course Issuer Bid
CALGARY, ALBERTA--(Marketwired - Apr 5, 2013) - Canadian Natural Resources Limited (CNQ.TO) (CNQ) ("Canadian Natural") announced today that Toronto Stock Exchange has accepted notice filed by Canadian Natural of its intention to make a Normal Course Issuer Bid through the facilities of Toronto Stock Exchange. Purchases may also be made through the facilities of the New York Stock Exchange. The notice provides that Canadian Natural may, during the 12 month period commencing April 9, 2013 [Read more]
TSX racks up 3rd day of losses amid weak U.S. jobs data, lower commodity prices
By Malcolm Morrison, The Canadian Press TORONTO - The Toronto stock market closed lower for a third session Thursday as further weak employment data raised worries about slowing U.S. economic conditions. The S&P/TSX composite index fell 59.07 points at 12,363.05. On Wednesday, two soft economic reports and growing geopolitical risks had sent the main index tumbling 260 points, erasing TSX gains for the year. The Canadian dollar edged up 0.21 of a cent to 98.78 cents US. U.S. [Read more]
SNC-Lavalin renewal hits boardroom with departure of chairman, three others
By Ross Marowits, The Canadian Press MONTREAL - Embattled engineering giant SNC-Lavalin's efforts to turn the page on its troubled past is moving from the executive suite to the boardroom. After hiring a series of new executives in the past year, including a CEO and chief financial officer, the company says one-third of its directors including chairman Gwyn Morgan won't stand for re-election at its annual meeting next month. Including three new directors who will be elected at the [Read more]
Alberta environment minister says CARBON TAX talks in early stages
EDMONTON - Environment Minister Diana McQueen says Alberta is a long way from imposing higher carbon levies on its energy industry. Responding to a story in the Globe and Mail, McQueen on Thursday acknowledged that she's working with her federal counterpart on a new climate change policy. But she said those talks are preliminary and nothing specific has been determined. "We are currently in the early stages of exploring a variety of options through a collaborative process with [Read more]
Shoreline Energy Corporation Announces Significant Reserve Value Increase Associated With 2013 Niobrara/Codell Oil Acquisitions, Wattenberg Field, Colorado
CALGARY, ALBERTA--(Marketwired - April 4, 2013) - NOT FOR DISTRIBUTION IN THE UNITED STATES Shoreline Energy Corp. (SEQ.TO) ("Shoreline" or the "Company") is very pleased to announce the results of an independent reserves evaluation of a previously announced acquisition of two non operated working interest asset packages in the Wattenberg Field of Colorado ("February Acquisitions") . The transaction closed on February 19, 2013. The reserves evaluation was conducted by DeGolyer and [Read more]