CALGARY, ALBERTA--(Marketwire - Apr 1, 2013) - Bonavista Energy Corporation (BNP.TO) ("Bonavista") is pleased to announce the increase to the Exchange Ratio of its exchangeable shares from 1.15469 to 1.16014. This increase will be effective on April 15, 2013 (the "Effective Date"). The following are the details of the calculation of the Exchange Ratio: Record Date of Bonavista Dividend Opening Exchange Ratio Bonavista Dividend per common share Five day [Read more]
Headlines
Price of oil falls on US manufacturing data, shutdown of Exxon pipeline
By The Associated Press NEW YORK, N.Y. - The price of oil fell Monday as Exxon shut a pipeline that carries oil out of the U.S. Midwest and a report showed a cooling of U.S. manufacturing activity. Benchmark West Texas Intermediate crude for May delivery was down $1.15 to US$96.08 a barrel in morning trading on the New York Mercantile Exchange. Exxon Mobil Corp. shut its Pegasus pipeline after a leak in Arkansas. The pipeline, with a capacity of 96,000 barrels a day, carries Canadian [Read more]
Exxon Mobil pipeline ruptures in Arkansas
Exxon Mobil Corp. says crews are working to contain and clean up an oil spill near Mayflower, Ark., after its Pegasus pipeline ruptured Friday afternoon. The pipeline carries Canadian heavy crude oil from Patoka, Ill., to refineries on the Texas Gulf coast. Exxon Mobil issued a release that said the company was responding to a spill of more than 10,000 barrels, and that some 4,500 barrels of oil and water had been recovered. The company said the 50-centimetre pipeline had been shut down [Read more]
Sonde Resources Corp. Provides Update on Farm-Out of Joint Oil Block
CALGARY, ALBERTA--(Marketwire - Apr 1, 2013) - Sonde Resources Corp. ("Sonde" or the "Company") (SOQ.TO) (NYSE MKT:SOQ) announced today that it has entered into an agreement with Viking Energy North Africa Limited ("Viking") to extend the deadline for meeting the conditions precedent under the Farm-Out Agreement that includes obtaining the consent of Joint Oil to the transfer of a 66.67% interest in the Joint Oil Block pursuant to the previously announced farm-out agreement to June 7, 2013. To [Read more]
Our Beloved Premier Ralph Klein 1942 – 2013
Today we lost the greatest Premier Canada has had or will ever have. Ralph Klein passed away today at the age of 70. I had the great honor of knowing Ralph as a friend. Ralph was the most remarkable man I ever met: humble, caring, bold and smart. He will be missed by all. We express our deepest condolences to his wife Colleen. We have the utmost gratitude for the time he gave us as a Mayor, a Premier and a friend. We may never realize how lucky we are. Here is the statement from his wife [Read more]
Advantage Provides Update on Disposition of Non-Core Assets
(TSX: AAV, NYSE: AAV) CALGARY, March 28, 2013 /CNW/ - Advantage Oil & Gas Ltd. ("Advantage" or the "Corporation") (TSX:AAV.TO) (NYSE:AAV) provides the following update: Non-Core Asset Disposition to Questfire Energy Corp. The previously announced transaction with Questfire Energy Corp. ("Questfire") (a TSX-V listed company) for the sale of substantially all of Advantage's remaining non-core assets consisting of approximately 5,900 boe/d of production has been modified as [Read more]
Donnybrook Announces Details of Anticipated Distribution of Cequence Shares
CALGARY, ALBERTA--(Marketwire - Mar 28, 2013) - Donnybrook Energy Inc. ("Donnybrook" or the "Company") (TSX VENTURE:DEI) announces that further to its previously announced agreement to sell the Company's interest in its Simonette and Resthaven oil and gas properties to Cequence Energy Ltd. ("Cequence") for consideration consisting of 10.3 million common shares of Cequence ("Cequence Shares") and Cequence's interest in its Fir oil and gas property, by way of a plan of arrangement under the [Read more]
Colorado governor wraps up three-day visit to oilsands. thinks American attitudes are changing
CALGARY - The governor of Colorado says he thinks Americans who are against the proposed Keystone XL pipeline may be beginning to change their minds. John Hickenlooper has wrapped up a three-day visit to Alberta which included a tour of the oilsands. Hickenlooper, a Democrat, hasn't taken a political stance in support of the pipeline that would carry bitumen from the oilsands to U.S. refineries. But he says the public needs to focus on the facts when it comes to Alberta [Read more]
Natural gas storage draw in-line with estimates
Working gas in storage was 1,781 Bcf as of Friday, March 22, 2013, according to EIA estimates. This represents a net change of -95 Bcf in-line with analyst estimates of ~-94 Bcf. Stocks were 642 Bcf less than last year at this time and 61 Bcf above the 5-year average of 1,720 Bcf. [table] [attr style="width: 25%"]`[attr style="width: 25%"]March 22`[attr style="width: 25%"]March 15`[attr style="width: [Read more]
Outcome of Keystone decision could have major impact on investors’ portfolios
By Lauren Krugel, The Canadian Press CALGARY - Once upon a time pipeline companies were viewed as rather boring investments. That's not the case anymore. The fate of the contentious Keystone XL pipeline could have an impact on investors' portfolios in more ways than one. But John Stephenson, portfolio manager at First Asset Investment Management, says pipelines are still a better way to play the energy industry than investing in producers that are more exposed to commodity price [Read more]