By Linda Nguyen, The Canadian Press TORONTO - The Toronto Stock Market stayed relatively flat Tuesday as it was dragged down by dropping commodity prices and earnings reports from a number of big-name companies. The S&P/TSX composite index was down 0.7 points at 12,474.52, while the Canadian dollar climbed 0.18 of a cent to 99.50 cents US. The resource-heavy TSX initially opened lower, then jumped back and forth between positive and negative territory throughout the morning. The TSX [Read more]
Headlines
Kelt Reports Financial and Operating Results for the Three Months Ended March 31, 2013
CALGARY, ALBERTA--(Marketwired - May 7, 2013) - Kelt Exploration Ltd. ("Kelt" or the "Company") (KEL.TO) has released its financial and operating results for the three months ended March 31, 2013. Summary of results are as follows: (CA$ thousands, except as otherwise noted) Three months ended March 31, 2013 Revenue, before royalties 3,865 Funds from operations(1) 2,179 Basic ($/common share)(1) 0.09 Diluted ($/common [Read more]
Questerre to Test 15-01 Montney Well After Breakup
CALGARY, ALBERTA--(Marketwired - May 7, 2013) - NOT FOR DISTRIBUTION ON U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES. Questerre Energy Corporation ("Questerre" or the "Company") (QEC.TO) (QEC.OL) reported today that its well at 15-01-62-06-W6M ("15-01" or the "Well") in the Kakwa-Resthaven area of west central Alberta will be tested after spring breakup. The planned testing program will involve flow-back and cleanup of the well including over 10,000 barrels of [Read more]
Husky Builds Momentum in the First Quarter of 2013
CALGARY, ALBERTA--(Marketwired - May 7, 2013) - Husky Energy (HSE.TO) continued consistent execution across all business segments as the flexibility of its focused integration strategy delivered strong cash flow and net earnings in the first quarter. "We are achieving important operational milestones as we deliver on our business plan, including the sustained high performance of our heavy oil thermal projects," said CEO Asim Ghosh. "We are making great progress on the Liwan Gas Project in the [Read more]
Pinecrest Energy Inc. Announces the Appointment of a New Director, Increase and Syndication of Its Credit Facility and The Adoption of Advance Notice By-Law
CALGARY, ALBERTA--(Marketwired - May 6, 2013) -Pinecrest Energy Inc. ("Pinecrest" or the "Company") (TSX VENTURE:PRY) announces the appointment of Howard Crone as a director of the Company, the increase of its now syndicated credit facility to $165 million and the adoption of an advance notice bylaw (the "Bylaw"). Appointment of a New Director The board of directors (the "Board") has appointed Mr. Howard Crone to serve as a member of the Board. Mr. Crone will serve as a member of the [Read more]
Sonde Resources Corp. Announces Joint Oil Approval of the Farm-Out to Viking and First Quarter 2013 Financial and Operating Results
CALGARY, ALBERTA--(Marketwired - May 6, 2013) - Sonde Resources Corp. ("Sonde" or the "Company") (SOQ.TO) (NYSE MKT:SOQ) announced today that the Company has received Joint Oil's approval to farm-out the Joint Oil Block to Viking Exploration and Production Tunisia Limited ("Viking"), a private company. The conditions to this approval and amended commercial terms of the farm-out agreement are described below. In addition, the Company released its financial and operating results for the first [Read more]
RMP Energy Announces Increased Bank Line
CALGARY, ALBERTA--(Marketwired - May 6, 2013) - RMP Energy Inc. ("RMP" or the "Company") (RMP.TO) is pleased to report that based on the annual review of the borrowing base associated with the Company's committed, extendible revolving bank credit facility, the two-bank lending syndicate (the "Lenders") has increased the credit facility to $140 million from $110 million, a 27% increase. The credit facility represents the maximum amount that can be borrowed by RMP and is primarily based on the [Read more]
Arsenal Energy Releases Q1 Results and Announces Dividend Plans
CALGARY, ALBERTA--(Marketwired - May 6, 2013) - Arsenal Energy Inc. ("Arsenal") (AEI.TO) (AEYIF) is pleased to release its 2013 Q1 results. Funds from operations for Q1 was up 5% compared to Q1 2012. Expectations were for a larger increase but price differentials for the Company's Alberta medium gravity oil production were wider than expected during the quarter. For the second quarter those differentials have returned to historical levels. Assuming that the differentials remain at current [Read more]
Penn West stock soars after oilpatch veterans appointed as chair, vice-chair
By The Canadian Press CALGARY - Penn West Exploration Ltd. (TSX:PWT.TO) shares surged as high as seven per cent on Monday after the oil and gas company named two prominent oilpatch veterans as chairman and vice-chairman. The stock soared as high as $10.20 — an increase of 7.2 per cent from Friday — but retreated somewhat to trade for $10.11, or 6.3 per cent higher, by mid-day. On Sunday, Penn West said former Suncor Energy Inc. (TSX:SU.TO) CEO Rick George was appointed board chairman. George [Read more]
Athabasca Oil Corporation announces the departure of its President and the creation of an Executive Operations and Development Committee
CALGARY, May 6, 2013 /CNW/ - Athabasca Oil Corporation (TSX: ATH) announces that Mr. Bryan Gould, president, has left the Company. "We appreciate the many contributions that Bryan made during his time with Athabasca and wish him all the best in his future endeavours." said Mr. Sveinung Svarte, chief executive officer. Effective immediately, Mr. Svarte will assume the responsibilities of president, in conjunction with his role as chief executive officer. The company has formed an executive [Read more]