CALGARY, May 31, 2017 /CNW/ - Whitecap Resources Inc. ("Whitecap" or the "Company") (TSX: WCP) is pleased to announce that it has closed an issuance of Cdn$200 million senior secured notes which have an annual coupon rate of 3.54% and mature in 7 years on May 31, 2024. The notes were issued by way of a private placement, pursuant to a note purchase agreement and rank equally with Whitecap's obligations under its bank facilities. Proceeds from the notes will be used to repay a portion of [Read more]
Headlines
Business leaders express concern about promises in B.C. NDP-Green agreement
CALGARY - Some business leaders in Canada expressed concerns Wednesday that the fallout from British Columbia's election is discouraging the private sector from investing in the province. Promises by B.C.'s NDP and Greens to hike the minimum wage and carbon tax could further jangle investor nerves after both parties also committed to immediately stopping the Trans Mountain pipeline expansion project. "The election outcome, and the vow of the Green-NDP alliance to obstruct that [Read more]
E3 Metals Corp. Receives TSX Venture Exchange Approval for, and closes, acquisition of 1975293 Alberta Ltd. and files NI 43-101 Technical Report on Alberta Lithium Project
Vancouver, British Columbia - (May 31, 2017) – E3 METALS CORP. (TSX.V:ETMC.H) (the “Company” or “E3 Metals”) is pleased to announce that it has received final approval from the TSX Venture Exchange (“TSXV”) and has closed its Fundamental Acquisition (as that term is defined in the policies of the TSXV) with 1975293 Alberta Ltd (“AlbertaCo”) whereby all outstanding securities of AlbertaCo have been exchanged for securities of E3 Metals (the “Transaction”) as described below. As a result of the [Read more]
Shell Canada statement on oil sands divestment
CALGARY, May 31, 2017 /CNW/ - A statement from Shell Canada President and Country Chair Michael Crothers on the completion of two previously announced agreements that will see Shell sell the majority of its oil sands interests and all of its in-situ interests in Canada: "Shell has built safe, responsible and competitive oil sands mining and in-situ businesses in Alberta over the past decades thanks to the tireless work and dedication of our staff, contractors and joint venture partners; [Read more]
Shell completes divestment of oil sands interests in Canada
CALGARY, May 31, 2017 /CNW/ - Royal Dutch Shell plc today announces the completion of two previously announced agreements by Shell Canada Energy, Shell Canada Limited and Shell Canada Resources ("Shell") that will see Shell sell all its in-situ and undeveloped oil sands interests in Canada and reduce its share in the Athabasca Oil Sands Project (AOSP) from 60% to 10%. Under the first agreement, Shell has completed the sale to a subsidiary of Canadian Natural Resources Limited ("Canadian [Read more]
Canadian Natural Resources Limited Completes the Acquisition of Working Interests in the Athabasca Oil Sands Project and Other Oil Sands Assets
CALGARY, ALBERTA--(Marketwired - May 31, 2017) - Canadian Natural Resources Limited (TSX:CNQ)(NYSE:CNQ) ("Canadian Natural" or the "Company") announces that the agreements to acquire in aggregate 70% of the Athabasca Oil Sands Project ("AOSP"), including 70% of the Scotford upgrader and the Quest Carbon Capture and Storage project, as well as additional working interests in other producing and non-producing oil sands leases, have been completed. Upon closing, the respective ownership interests [Read more]
Response Energy Corporation – Non-Core Property Divestiture
Sayer Energy Advisors has been engaged to assist Response Energy Corporation (“Response” or the “Company”) with the sale of certain of its non-core properties (the “Properties”). The Properties include producing properties in the Blackfoot, Lone Pine Creek, Ewing Lake and Wildmere areas West of the 4th Meridian and in the Garrington, Lanaway, Ferrier, Willesden Green, Pembina, Crystal, Brazeau, Highvale and Kaybob areas West of the 5th Meridian. Non-producing properties in this offering [Read more]
Corinthian Oil Corp. – Strategic Alternatives Process
The Board of Directors of Corinthian Oil Corp. (“Corinthian” or the “Company”) has engaged Sayer Energy Advisors to assist it with managing a strategic alternatives process for the Company. Potential outcomes of the process include, but are not limited to, a sale of the shares of the Company, a sale of the assets of the Company, or a refinancing of the Company. The preferred outcome would be the sale of the Company “en bloc” in exchange for either cash or shares of the purchasing [Read more]
REPORT: Trump To Withdraw From The Paris Climate Accord
President Donald Trump will fulfill his campaign pledge to withdraw from the Paris climate agreement, say two sources with direct knowledge of the decision. Trump is working with Environmental Protection Agency (EPA) Administrator Scott Pruitt and a small group of administration officials to work out how withdrawal will happen, Axios reported. Trump is deciding between waiting three years to withdraw, as dictated by the accord, or pulling out of the United Nations overarching climate treaty. [Read more]
STEP Energy Services To Open Toronto Stock Exchange on June 1
Calgary, AB (May 30, 2017) – STEP Energy Services Ltd. (the “Company” or “STEP”), a coiled tubing, pumping and hydraulic fracturing services company, will initiate the siren to open the day’s trading session of Toronto Stock Exchange on June 1, 2017. The ceremony commemorates the debut of STEP’s listing of common shares on TSX, under the trading symbol “STEP”, which began trading on May 2, 2017. Regan Davis, president and chief executive officer, along with members of the executive [Read more]