CALGARY, ALBERTA--(Marketwired - Oct. 30, 2014) - Pengrowth Energy Corporation (TSX:PGF) (NYSE:PGH) - With Pengrowth's conventional business continuing to meet expectations and commissioning activities at Lindbergh progressing, the third quarter marks another significant milestone in Pengrowth's transition to sustainable growth. "We continue to deliver on our strategic plan and we remain confident in our future. This is an exciting time for our company. We are in the best shape we have [Read more]
Headlines
Suncor not looking at more exploration and production projects — for now
CALGARY - Oilsands giant Suncor Energy Inc. says it's taking a pass for now at "exploring the world," even though some opportunities may be up for grabs from competitors."Most companies are much more stressed than Suncor are so there's a huge number of opportunities in the conventional upstream, in oilsands and in the downstream," Suncor president and chief executive Steve Williams told analysts during a conference call Thursday."We have been very, very disciplined and found nothing of interest [Read more]
Shell: yet to feel full impact of oil price drop, blames lack of demand as much as oversupply
AMSTERDAM - Shell, Europe's largest oil producer, reported a dip in third quarter profit on Thursday, but said it has yet to feel the full impact of the recent slide in oil prices.As the company reported a 4.5 per cent dip in third-quarter net profit, to $4.46 billion, Chief Financial Officer Simon Henry warned that the period's figures reflect only a third of the oil price's slide from above $100 per barrel this summer to around $81 per barrel.Henry said that every $10 fall in the price of oil [Read more]
Huntington Corporate Update – Non-Brokered Financing
CALGARY, ALBERTA--(Marketwired - Oct. 30, 2014) - Huntington Exploration Inc. ("HEI" or the "Corporation") (TSX VENTURE:HEI) announced today that, further to its press releases dated September 17, 2014 and October 14, 2014, the Corporation is continuing its efforts to complete the previously announced non-brokered private placement offering of units ("Units") at a price of $0.05 per Unit for gross proceeds of up to $2,000,000. The closing of the Unit offering is now expected to occur on or about [Read more]
Manitok Energy Inc. Announces Intention to Commence a Normal Course Issuer Bid
CALGARY, ALBERTA--(Marketwired - Oct. 30, 2014) - Manitok Energy Inc. (the "Corporation" or "Manitok") (TSX VENTURE:MEI) announces that, subject to TSX Venture Exchange (the "Exchange") acceptance, it intends to conduct a normal course issuer bid (the "Bid") to purchase for cancellation up to 6,260,390 common shares in the capital of Manitok ("Common Shares"), representing 10% of its Public Float (as such term is defined under the Exchange Corporate Finance Manual). Manitok plans to fund the Bid [Read more]
Baytex Reports Record Production and Funds From Operations for Third Quarter 2014
CALGARY, ALBERTA--(Marketwired - Oct. 30, 2014) - Baytex Energy Corp. ("Baytex") (TSX:BTE)(NYSE:BTE) reports its operating and financial results for the three and nine months ended September 30, 2014 (all amounts are in Canadian dollars unless otherwise noted). Commenting on the results, James Bowzer, President and Chief Executive Officer, said: "Our third quarter results reflect a strong contribution from our Eagle Ford assets, which has resulted in record production and funds from [Read more]
TransCanada files application to NEB for Energy East crude pipeline
CALGARY - After dozens of open houses and thousands of conversations across six provinces, TransCanada Corp. (TSX:TRP) has filed its regulatory application for its massive cross-Canada Energy East pipeline.But the hard part for TransCanada (TSX:TRP) was just beginning Thursday as copies of the document — each fills 68 binders in 11 boxes — arrived at the National Energy Board's headquarters in Calgary.TransCanada must convince a skeptical public that the pipeline won't cause environmental harm [Read more]
Seven Generations Announces Pricing of Initial Public Offering and Filing of Final Prospectus
CALGARY, Oct. 29, 2014 /CNW/ - Seven Generations Energy Ltd. (the "Company" or "7G") is pleased to announce that it has priced the initial public offering (the "Offering") of 45 million common shares of 7G at $18 per common share ("Offering Price") for aggregate gross proceeds to 7G of $810 million. 7G has filed a supplemented PREP prospectus dated October 29, 2014 (the "Prospectus") in respect of the Offering with the securities commissions of each of the provinces of Canada. The Offering is [Read more]
Suncor Energy reports third quarter results
CALGARY, ALBERTA--(Marketwired - Oct. 29, 2014) - Unless otherwise noted, all financial figures are unaudited, presented in Canadian dollars (Cdn$), and have been prepared in accordance with International Financial Reporting Standards (IFRS), specifically International Accounting Standard (IAS) 34 Interim Financial Reporting as issued by the International Accounting Standards Board. Production volumes are presented on a working interest basis, before royalties, unless noted otherwise. Certain [Read more]
South Dakota poll: 60 percent support Keystone pipeline
SIOUX FALLS, S.D. — A scientific poll done by two media organizations found wide support among South Dakotans for the Keystone XL pipeline. The statewide survey commissioned by the Argus Leader and KELO-TV shows 60 percent backing for the project, with 30 percent opposed and 10 percent undecided. The TransCanada Corp. project would transport oil from Canadian tar sands through Montana and South Dakota to Nebraska, where it would connect with existing pipelines to carry more than 800,000 [Read more]