CALGARY, ALBERTA--(Marketwired - April 28, 2017) - Enbridge Inc. (TSX:ENB)(NYSE:ENB) (Enbridge or the Company) announced today that the strategic review of Enbridge Energy Partners, L.P. (NYSE:EEP) (EEP or the Partnership) has been completed. The following actions, together with the previously announced measures earlier this year, have been taken to restore EEP's value proposition to its unitholders and to Enbridge. Acquisition of Midcoast Assets - Enbridge, through its wholly owned U.S. [Read more]
Headlines
Expected Increase in Railway Fuel Costs Contributes to a 4.1 percent Increase in the Volume-Related Composite Price Index for Crop Year 2017-2018
OTTAWA, April 28, 2017 /CNW/ - The Canadian Transportation Agency (Agency) announced a 4.1 percent increase in the Volume-Related Composite Price Index (VRCPI), which is used in determining the Maximum Revenue Entitlement (MRE) for the Canadian National Railway Company (CN) and the Canadian Pacific Railway Company (CP) for the movement of western grain. Determination No. R-2017-37 sets the VRCPI at 1.3817 for the 2017‑2018 crop year, which will begin on August 1. [Read more]
April 26 Alberta Land Sale Earns $26.6 Million
This week's Alberta land sale has earned the province $26.6 million in Lease and License fees from petroleum and natural gas leases. The total for the first seven sales of 2017 so far is $109.3 million, compared to $39.3 million earned by this time last year. The interactive map below shows the lease locations. There were a total of 103 parcels with successful bids for this sale. The chart below illustrates the trend of the Alberta land sales since the beginning of the year and also [Read more]
Suncor CEO says more oilsands deals may appear in ‘exodus’ of foreign firms
CALGARY — Suncor Energy (TSX:SU) has a potential opportunity to make further purchases in Alberta's oilsands if foreign multinationals continue to exit the sector, the oil and gas company's chief executive said Thursday. Suncor feels no pressure to buy but is watching closely for opportunities and has the financial strength to act, Suncor CEO Steve Williams on a conference call with analysts. Williams said he doesn't think the "exodus" from the Alberta oilsands by big international [Read more]
Relentless Announces Year-End 2016 Results and Filing of Reserves Disclosure
CALGARY, ALBERTA--(Marketwired - April 27, 2017) - Relentless Resources Ltd. ("Relentless" or the "Company") (TSX VENTURE:RRL) announces the filing of its audited financial statements and related management's discussion and analysis ("MD&A") for the year ended December 31, 2016. The Company also announces the filing of its reserves data and other oil and natural gas information ("51-101 Information"), as required under National Instrument 51-101. The financial statements, MD&A and 51-101 [Read more]
Marksmen Announces Consolidated Financial Results for the Year Ended December 31, 2016 and Operational Update
CALGARY, ALBERTA--(Marketwired - April 27, 2017) - Marksmen Energy Inc. ("Marksmen" or the "Company") (TSX VENTURE:MAH)(OTCQB:MKSEF) and its wholly owned subsidiary Marksmen Energy USA, Inc. announces financial results for the year ended December 31, 2016. The following documents have been filed on SEDAR: Audited Financial Statements Management's Discussion and Analysis ("MD&A") Form NI 51-101F1 Statement of Reserve Data and Other Oil and Gas Information. Form NI 51-101F2 [Read more]
Manitok Energy Inc. Announces the Acquisition of Natural Gas Production and Related Strategic Pipeline System and A Year Over Year First Quarter Production Increase of 39%
CALGARY, ALBERTA--(Marketwired - April 27, 2017) - Manitok Energy Inc. ("Manitok" or the "Corporation") (TSX VENTURE:MEI) is pleased to announce that it has completed an acquisition from an Alberta based oil and gas company to acquire a 100% working interest in approximately 1.1 Mmcf/d (175 boe/d) of natural gas production, based on field estimates, in the Carseland, Alberta area (the "Acquisition"). In addition to the current production, the Acquisition includes 13 sections of developed [Read more]
Crescent Point Announces Q1 2017 Results With Production Ahead of Guidance
CALGARY, ALBERTA--(Marketwired - April 27, 2017) - All financial figures are approximate and in Canadian dollars unless otherwise noted. This press release contains forward-looking information and references to non-GAAP financial measures. Significant related assumptions and risk factors, and reconciliations are described under the Non-GAAP Financial Measures and the Forward-Looking Statements and Reserves Data sections of this news release, respectively. Crescent Point Energy Corp. [Read more]
Leucrotta Announces Q4 2016 Financial and Operating Results
CALGARY, ALBERTA--(Marketwired - April 27, 2017) - LEUCROTTA EXPLORATION INC. (TSX VENTURE:LXE) ("Leucrotta" or the "Company") is pleased to announce its financial and operating results for the three months and year ended December 31, 2016. All dollar figures are Canadian dollars unless otherwise noted. HIGHLIGHTS Materially extended the mapping and productive boundaries of the Lower Montney Turbidite Light Oil Resource Play with the drilling of three delineation wells (two horizontal [Read more]
Suncor Energy reports first quarter 2017 results
CALGARY, ALBERTA--(Marketwired - April 26, 2017) - "Our Oil Sands operations and offshore assets posted impressive production results and continued low operating costs, generating industry-leading cash flow per barrel," said Steve Williams, president and chief executive officer. "Our Refining and Marketing segment also delivered another strong quarter, contributing to companywide total funds from operations of over $2.0 billion." Funds from operations of $2.024 billion ($1.21 per common [Read more]