TSX, NYSE: BXE - CALGARY, June 27, 2017 /CNW/ - Bellatrix Exploration Ltd. ("Bellatrix" or the "Company") (TSX, NYSE: BXE) is pleased to announce that it has completed the previously announced sale of certain non-core assets in the Strachan area of Alberta (the "Strachan asset sale"). Concurrent with the closing of the Strachan asset sale, the borrowing base under the Company's syndicated revolving credit facilities (the "Credit Facilities") was reconfirmed at $120 million, unchanged from [Read more]
Headlines
British Columbia’s NDP introduces motion to topple provincial government
British Columbia's New Democrats introduced a non-confidence motion in the Western Canadian province's government on Monday, setting the stage for the ruling Liberals to be toppled on Thursday after 16 years in power. In a response to the June 22 Throne Speech, the government's agenda for the legislative session, John Horgan, the leader of the left-leaning New Democrats (NDP) said the provincial government no longer had the confidence of the house. Provincial lawmakers are expected to vote [Read more]
TransCanada Establishes At-The-Market Equity Program
CALGARY, ALBERTA--(Marketwired - June 26, 2017) - News Release - TransCanada Corporation (TSX:TRP) (NYSE:TRP) (TransCanada or Company) today announced that it has established an at-the-market equity program (ATM Program) that allows the Company to issue common shares from treasury (Common Shares) having an aggregate gross sales price of up to $1.0 billion or its U.S. equivalent, to the public from time to time, at the Company's discretion, at the prevailing market price when issued on the [Read more]
Penn West Changes Name to Obsidian Energy Ltd. and Announces Voting Results from the 2017 Annual and Special Meeting of Shareholders
CALGARY, June 26, 2017 /PRNewswire/ - PENN WEST PETROLEUM LTD. (TSX – PWT; NYSE – PWE) ("Penn West" "or the Company") is pleased to announce that our shareholders have approved our name change to Obsidian Energy Ltd., effective immediately. In conjunction with our name change, our stock symbol will be replaced with "OBE" on both the Toronto Stock Exchange and New York Stock Exchange, effective in the next 3 – 5 business days. No action is required by shareholders with respect to this [Read more]
Baytex Provides Operational Update – Q2 2017 Production Up 5%
CALGARY, Alberta, June 26, 2017 (GLOBE NEWSWIRE) -- Baytex Energy Corp. (“Baytex”) (TSX:BTE) (NYSE:BTE) is pleased to provide an update on our operational progress during the second quarter of 2017 in accordance with our business plan. Based on field estimates for June, our average production during Q2/2017 is estimated at 72,500 boe/d representing a 5% increase over Q1/2017. We estimate our production in the first half of this year to be 70,900 boe/d. During the second quarter, exploration and [Read more]
Crescent Point Announces Renewal of Credit Facilities
CALGARY, ALBERTA--(Marketwired - June 26, 2017) - Crescent Point Energy Corp. ("Crescent Point" or the "Company") (TSX:CPG)(NYSE:CPG) is pleased to announce that it has successfully renewed its unsecured, covenant-based credit facilities totaling $3.6 billion, with a maturity date extension to June 10, 2020. Crescent Point's credit facilities provide the Company with significant financial liquidity. As at June 26, 2017, Crescent Point is estimated to have an unutilized credit capacity of [Read more]
There are smart ways to be energy efficient, and there are others. We can’t afford the others
I work in a new office building, less than ten years old, one that was developed to the highest environmental standards. Every morning I sleepily wander past the LEED-whatever status plaque - it’s apparently a very good status or it wouldn’t be there on the lobby wall - and make my way to my office. I’m often first in, and the hallways are darkened as I make my way along. There is no need to turn on the lights, as I make my way along they magically spring to life sequentially as I approach, [Read more]
Dynacore Solutions announces release of Dynatrac 2.0 – online cataloguing software.
Dynacore Solutions is pleased to announce the release of Dynatrac 2.0, our online cataloguing software. We have worked collaboratively with our valued clients to deliver a product that is truly intuitive and customizable for their needs. With this new release, the site layout has been revamped to provide a superior user experience. The following is a list of notable enhancements: Open multiple search windows at the same time and save searches Export to multiple excel files from the [Read more]
Alberta company looks to produce lithium in Alberta working in conjunction with oil and gas production
As the world attempts to shift to more sustainable sources of energy, lithium has become a very important commodity and it has rocketed to the forefront as the metal of choice in high capacity rechargeable batteries. One Alberta company is looking to position itself as a market leader in the production of the lithium on a global scale. E3 Metals Corp. (TSXV: ETMC) recently went public, giving investors access to this unique business opportunity. The company hopes to advance their projects [Read more]
Canada Weekly Rig Count Up 11 to 170
Western Canada’s fleet of drilling rigs have risen again this week to 170 actively drilling rigs according to data collected by Baker Hughes for the week of June 23. Drilling activity has increased the last month, and is still very active in comparison to last year’s count. From one week ago, Alberta rig counts rose from 88 to 94, Saskatchewan added rigs once more for the sixth straight week – current count at 48 which is up 43 from last week. Oil drilling rose to 98 rigs from 91; gas [Read more]