CALGARY - Enbridge Inc. and privately-held Tundra Energy Marketing Ltd. are working together on a project to bring growing light oil production from Saskatchewan, Manitoba and North Dakota to market by rail. Under a memorandum of understanding announced Tuesday, each company will own half of a loading terminal near Cromer, Man., which should be able to handle some 60,000 barrels of crude per day early next year. The first 30,000-barrel-per-day phase, under construction, is [Read more]
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TSX advances, investors buy up resource stocks beaten down by weak Chinese data
By Malcolm Morrison TORONTO - The Toronto stock market was higher Tuesday as traders cautiously bought into stocks that sustained steep losses in the previous session when disappointing Chinese growth data sent commodities and resource stocks tumbling. The S&P/TSX composite index gained 69.01 points to 12,073.89 after the market registered its biggest one-day tumble since last June and the lowest close since mid-November, plunging 333 points. The TSX was also heavily [Read more]
Secure Energy Announces Initial Dividend and Dividend Re-Investment Plan
CALGARY, ALBERTA--(Marketwired - April 15, 2013) - NOT FOR DISTRIBUTION IN THE UNITED STATES OR OVER UNITED STATES WIRE SERVICES Secure Energy Services Inc. ("Secure" or the "Corporation") (SES.TO) today announced that its Board of Directors has declared its initial monthly dividend of $0.0125 per common share ("Common Share") payable on or about May 15, 2013 (the "May 2013 Dividend") to shareholders of record on May 1, 2013. The ex-dividend date is April 29, 2013. The dividend on an [Read more]
Enbridge Announces Closing of $600 Million Common Equity Offering
CALGARY, ALBERTA--(Marketwired - April 16, 2013) - NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE U.S. Enbridge Inc. (ENB.TO) (ENB) today announced it has closed its previously announced public offering of common shares underwritten by RBC Capital Markets and Scotiabank. Enbridge issued 13.02 million common shares for gross proceeds of $600.4 million. Proceeds will be used to fund our recently announced regional oilsands, renewable energy, and natural gas [Read more]
Cequence Energy announces completion of the asset exchange for properties in Simonette and Resthaven
CALGARY, April 15, 2013 /CNW/ - Cequence Energy Ltd. ("Cequence") (TSX:CQE.TO) is pleased to announce that it has closed the previously announced asset exchange with Donnybrook Energy Inc. ("Donnybrook") (TSXV:DEI.V) for Donnybrook's oil and gas properties located in the Simonette and Resthaven areas of Alberta (the "Donnybrook Assets") for Cequence's oil and gas assets located in the Fir area and an aggregate of 10,300,000 common shares in the capital of Cequence ("Cequence Shares"). The [Read more]
Donnybrook Announces Closing of Asset Exchange and Arrangement
CALGARY, ALBERTA--(Marketwired - April 15, 2013) - Donnybrook Energy Inc. ("Donnybrook" or the "Company") (TSX VENTURE:DEI) reports the closing of the previously announced arrangement (the "Arrangement") involving the Company, Cequence Energy Ltd. ("Cequence") and holders ("Donnybrook Shareholders") of common shares of Donnybrook ("Donnybrook Shares") under which Donnybrook has transferred its interest in its Simonette and Resthaven oil and gas properties ("Donnybrook Assets") to Cequence for [Read more]
BRUTAL: TSX plunges 332 points, Venture sinks 65 points, Oil down $3.70, Gold down $154
Gold and other commodities took a big tumble Monday following data that showed much weaker than expected economic growth in China, sending the benchmark index of the Toronto Stock Exchange to its biggest one-day loss in 10 months. By the close of trading, the S&P/TSX composite index had slumped 332.71 points, or 2.7 per cent, to 12,004.88. The materials group, which includes gold stocks, plunged 7.4 per cent. Gold futures tumbled $140.40 US an ounce to settle at [Read more]
IHS Acquires Fekete Associates
ENGLEWOOD, Colo.--(BUSINESS WIRE)--IHS Inc. (NYSE: IHS), the leading global source of information and analytics, today announced it has acquired Fekete Associates, a leading provider of integrated reservoir management software and services to the oil and gas industry. Terms of the transaction were not disclosed. “The acquisition of Fekete plays an important role in better supporting our customers as we continue to seamlessly connect IHS information and expertise with the right tools and [Read more]
Pengrowth Adopts Advance Notice By-Law
CALGARY, ALBERTA--(Marketwired - Apr 15, 2013) -Pengrowth Energy Corporation (PGF.TO) (PGH) announced that its board of directors today approved the adoption of an advance notice by-law (By-law). Among other things, the By-law fixes a deadline by which shareholders must submit a notice of director nominations to the Corporation prior to any annual or special meeting of shareholders where directors are to be elected and sets forth the information that a shareholder must include in the notice for [Read more]
Inter Pipeline Fund Announces Long Term Ethane Sales Agreement with NOVA Chemicals
CALGARY, ALBERTA--(Marketwired - Apr 15, 2013) - Inter Pipeline Fund ("Inter Pipeline") (TSX:IPL.UN) announced today that it has entered into a binding agreement with NOVA Chemicals Corporation ("NOVA") involving the long term sale of ethane production from its Cochrane extraction plant. Under the new agreement, NOVA will purchase the majority of ethane volumes produced from Inter Pipeline's extraction facilities at Cochrane, Alberta. The contract extends to the end of 2024 and will [Read more]