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]
Headlines
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]
Bellatrix Exploration Ltd. Announces Extension to Korean JV
TSX, NYSE MKT: BXE CALGARY, April 23, 2013 /PRNewswire/ - Bellatrix Exploration Ltd. ("Bellatrix" or the "Company") (BXE.TO), (NYSE MKT: BXE) announces that the Seoul Korea based company, has requested and been granted a one month extension to the closing for the previously announced Ferrier area Korean $300 million Cardium Joint Venture. The closing is anticipated on or before May 31, 2013. Bellatrix Exploration Ltd. is a Western Canadian based growth oriented oil and gas company engaged [Read more]
TrinCan Capital Corp. announces shareholder meeting and proposed stock consolidation
/NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES / KELOWNA, BC, April 22, 2013 /CNW/ - TrinCan Capital Corp. ("TrinCan" or the "Corporation") (TRN:TSX-V) is pleased to announce that it will hold its annual and special meeting on Friday, May 17, 2013 (the "Meeting") at its head office in Kelowna, British Columbia. The Information Circular - Proxy Statement for the Meeting was mailed today to shareholders of record on April 17, 2013. In addition to the [Read more]
Two men arrested in Via train terror plot linked to Al-Qaida, Iran: RCMP
TORONTO, Canada – Two terror suspects who were arrested for allegedly plotting to attack a Via passenger train received “direction and guidance” from al-Qaida elements in Iran, the RCMP said Monday. The suspects — identified as Chiheb Esseghaier, 30, and Raed Jaser, 35, — were arrested Monday morning in Montreal and Toronto. “While the RCMP believed the accused had the capacity and intent to carry out these criminal acts, there was no imminent threat to the general public, rail [Read more]
Alberta Securities Commission alleges insider trading against ex Daylight CEO
CALGARY - The Alberta Securities Commission is accusing the former CEO of Daylight Energy Ltd. of insider trading, along his ex-wife and her boyfriend. The watchdog said Monday it alleges Anthony Lambert bought shares in Daylight in August and September 2011 shortly before the oil and gas producer was acquired by Chinese firm Sinopec. The $2.2-billion deal was not disclosed publicly until Oct. 9, 2011. The transaction was completed in December of that year. The ASC also alleges Lambert [Read more]