CALGARY, Alberta, May 04, 2017 (GLOBE NEWSWIRE) -- Baytex Energy Corp. ("Baytex") (TSX:BTE) (NYSE:BTE) reports its operating and financial results for the three months ended March 31, 2017 (all amounts are in Canadian dollars unless otherwise noted). “We are off to a great start in 2017 with production trending toward the high end of our guidance range. We now expect to deliver organic production growth of 5-6% this year, as compared to 3-4% previously. In the Eagle Ford, our development is [Read more]
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Bonavista Energy Corporation Announces 2017 First Quarter Results
CALGARY, ALBERTA--(Marketwired - May 4, 2017) - Bonavista Energy Corporation ("Bonavista") (TSX:BNP) is pleased to report to shareholders its financial and operating results for the three months ended March 31, 2017. Results for the first quarter of 2017 are highlighted by a 19% increase in funds from operations and a 5% decrease in cash costs when compared to the first quarter of 2016. Cash costs of $8.98 per boe are the lowest achieved in the past decade showcasing our continued emphasis on [Read more]
Concerned Shareholders Nominate Four Independent Directors to the Board of Eagle Energy Inc.
Calgary, Alberta--(Newsfile Corp. - May 4, 2017) - Daniel Gundersen and Kingsway Financial Services Inc. ("Kingsway" and, together with Daniel Gundersen, the "Concerned Shareholders") have concerns about the future of Eagle Energy Inc. (TSX: EGL) ("Eagle" or the "Company"). In late 2015, Mr. Gundersen negotiated the sale of Maple Leaf Royalties Corp. ("Maple Leaf") to Eagle. He was the CEO of Maple Leaf at the time. In that transaction, Maple Leaf shareholders received 7,141,815 common shares of [Read more]
Crude Oil Pipeline Divestiture: Keyera Partnership
Keyera Partnership (“Keyera” or the “Company”) has engaged Sayer Energy Advisors to assist it with the sale of its crude oil pipeline interests in the Red Earth Creek area of Alberta (the “Pipelines”). The Company is selling the Pipelines in order to focus its activities on its core business. The Pipelines are located approximately 370 km north of Edmonton, in the Red Earth Creek area of north central Alberta. Keyera holds a 64.441% working interest in and operates the Wabasca River [Read more]
Yoho Resources Inc.: Non-Core Property Divestiture – Saskatchewan, Alberta & B.C.
Sayer Energy Advisors has been engaged to assist Yoho Resources Inc. (“Yoho” or the “Company”) with the sale of its non-core oil and natural gas properties (the “Properties”). The Properties are located in various areas of Saskatchewan, Alberta and British Columbia. Recent production net to Yoho from the Properties has averaged approximately 585 barrels of oil equivalent per day, with sales of 126 barrels of oil and natural gas liquids per day and 2.75 MMcf/d of natural gas. In [Read more]
B.C. NDP vows to fight Trans Mountain pipeline, but won’t say how
VANCOUVER - The British Columbia New Democrat platform promises to use "every tool in the toolbox" to stop Kinder Morgan's Trans Mountain pipeline expansion from going ahead. But what are those tools? NDP Leader John Horgan isn't saying. "I'm going to be discussing those with the prime minister the day after the election," he said on a campaign stop this week in Kamloops. Standing on the bank of the South Thompson River, Horgan wasn't far from where former NDP leader [Read more]
TransCanada Announces Agreements to Sell Interests in Iroquois and PNGTS to TC PipeLines, LP
CALGARY, ALBERTA--(Marketwired - May 4, 2017) - News Release - TransCanada Corporation (TSX:TRP)(NYSE:TRP) (TransCanada) today announced it has entered into agreements to sell a 49.3 per cent interest in Iroquois Gas Transmission System, LP (Iroquois), together with its remaining 11.8 per cent interest in Portland Natural Gas Transmission System (PNGTS), to its master limited partnership, TC PipeLines, LP (NYSE:TCP) (the Partnership). The US$765 million transaction, comprised of US$597 [Read more]
Seven Generations’ Q1 production reaches 153,100 boe/d
CALGARY, ALBERTA--(Marketwired - May 4, 2017) - Seven Generations Energy Ltd.'s (TSX:VII) first quarter production averaged 153,100 barrels of oil equivalent per day (boe/d), up 73 percent from the same period last year. With record quarterly production and stronger commodity prices, first quarter funds from operations also set a record at $272.3 million or 75 cents per share, an increase of 146 and 88 percent, respectively, compared to the first quarter of 2016. "Production in the first [Read more]
Penn West Announces Strong First Quarter 2017 Financial and Operational Results
CALGARY, May 4, 2017 /CNW/ - PENN WEST PETROLEUM LTD. (TSX – PWT; NYSE – PWE) ("Penn West", the "Company", "we", "us" or "our") is pleased to announce its financial and operational results for the three months ended March 31, 2017. "Our first quarter results reflect a quality start for the new Penn West, with robust funds flow from operations, production growth in our key development areas, and a repositioned balance sheet from which to pursue our activities," commented David French, [Read more]
Canadian Natural Resources Limited Announces 2017 First Quarter Results
CALGARY, ALBERTA--(Marketwired - May 4, 2017) - Commenting on the first quarter 2017 results, Steve Laut, President of Canadian Natural (TSX:CNQ)(NYSE:CNQ) stated, "The strength of our well balanced and diverse portfolio, combined with Canadian Natural's ability to effectively and efficiently execute, delivered a strong first quarter for the Company. Funds flow from operations were strong in the quarter, exceeding capital expenditures by approximately $800 million, and as a direct result, [Read more]