CALGARY, April 24, 2013 /CNW/ - Hawk Exploration Ltd. ("Hawk" or the "Corporation") announces that it has filed on SEDAR its audited annual financial statements, and related management's discussion and analysis. The Corporation also filed its Annual Information Form for the period ended December 31, 2012 containing the Corporation's Statement of Reserves Data and Other Oil and Gas Information as of December 31, 2012 as mandated by National Instrument 51-101 - Standards of Disclosure for Oil and [Read more]
Headlines
Cenovus oil production climbs 15% in first quarter
Refining operating cash flow increases 97% to $524 million Cash flow was $971 million, or $1.28 per share in the first quarter, an increase of 7% from the same period in 2012, mainly due to strong performance from the company's refining business. Operating cash flow from refining almost doubled to $524 million compared with the same quarter a year earlier. Combined oil sands production at Foster Creek and Christina Lake averaged more than 100,000 barrels per day (bbls/d) net in the first [Read more]
MEG Energy reports first quarter 2013 results – record production sets stage for transformational year
CALGARY, April 24, 2013 /CNW/ - MEG Energy Corp. ("MEG") today reported first quarter 2013 operational and financial results. Highlights include: Record quarterly production volumes of 32,531 barrels per day as MEG drives toward a 2013 exit production rate 30% to 50% higher than 2012 average volumes and a nearly 180% increase over 2012 averages by early 2015; Low net operating costs of $10.44 per barrel, which mitigated the challenging price environment through January and February - [Read more]
Alexander Energy Ltd. Announces Fourth Quarter and Year End 2012 Results
CALGARY, ALBERTA--(Marketwired - April 23, 2013) - Alexander Energy Ltd. ("Alexander" or the "Company") (TSX VENTURE:ALX)announces that it has filed its Audited Financial Statements and related Management's Discussion and Analysis for the year ended December 31, 2012, along with other disclosure documents for 2012, all of which are available on the Company's profile at www.SEDAR.com ("SEDAR"). Message to Shareholders Alexander Energy Ltd. has made consistent progress since the September, [Read more]
TransCanada says it’s somewhat surprised over EPA reaction to Keystone pipeline
By The Canadian Press CALGARY - TransCanada says it's somewhat surprised at the U.S Environmental Protection Agency's recent critical comments of its proposed Keystone XL pipeline. TransCanada (TSX:TRP.TO) says it has had a co-operative relationship with the EPA throughout the four-year-plus review of the project. On Monday, the EPA publicly denounced for a second time the U.S. State Department's favourable environmental review of the pipeline. The pipeline company says the EPA [Read more]
Encana closer to finding new CEO, Q1 operating income beats estimates
By Lauren Krugel, The Canadian Press CALGARY - Encana Corp. has reported first-quarter operating earnings that beat analyst expectations and says its hunt for a new CEO is nearing its end. The natural gas giant (TSX:ECA.TO) posted operating earnings of US$179 million, or 24 cents per share. During the same period a year earlier, operating earnings — deemed a better measure of Encana's underlying performance — were $240 million, or 33 cents per share. The consensus estimate had been for [Read more]
PanTerra Increases P+P NPV by 31% in 2012
TSX-V: PRC CALGARY , April 23, 2013 /CNW/ - PanTerra Resource Corp. ("PanTerra" or the "Company") is pleased to announce that its oil and gas evaluation by the Company's independent engineering firm, Sproule Associates Limited for the year ended December 31, 2012 , conducted pursuant to National Instrument 51-101 standards of disclosure for oil and gas activities and the Canadian Oil and Gas Evaluation Handbook (COGEH) reserve definitions has increased by 31% over last years' reported [Read more]
Earnings news, weak Chinese economic data depress Toronto stock market
TORONTO - The Toronto stock market was negative Tuesday and commodity prices slid amid data showing China's manufacturing sector barely in expansion mode in April. The S&P/TSX composite index fell 24.37 points to 12,066.31 as the latest economic growth worries about the world's second-biggest economy pushed mining stocks lower. The market was also pressured by earnings reports with traders expressing disappointment with mining giant Teck Resources (TSX:TCK-B.TO) and telecom [Read more]
Encana Reports First Quarter 2013 Results
CALGARY, ALBERTA--(Marketwired - Apr 23, 2013) - In the first quarter of 2013 Encana (ECA.TO)(ECA) achieved significant milestones in a number of its oil and liquids-rich natural gas plays including strong well results from the Duvernay and Peace River Arch plays and confirmation of the commerciality of its San Juan play. Solid operational performance resulted in a 48 percent increase in oil and natural gas liquids (NGL) volumes with average production rising to 43,500 barrels per day (bbls/d) [Read more]
PetroBakken Announces Mailing of Shareholder Meeting Materials and Proposed Name Change to Lightstream Resources Ltd.
CALGARY, ALBERTA--(Marketwired - Apr 23, 2013) -PetroBakken Energy Ltd. ("PetroBakken" or the "Company") (PBN.TO) is pleased to announce that we have mailed our meeting materials with respect to the annual and special meeting of shareholders to be held at 9:00 a.m. (Calgary time) on Wednesday, May 22, 2013, at the Telus Convention Centre (MacLeod Hall D) in Calgary, Alberta (the "Meeting"). The Meeting will also be available via webcast, with details to be released closer to the Meeting date. [Read more]