CALGARY, ALBERTA--(Marketwired - Apr 15, 2013) - Renegade Petroleum Ltd. ("Renegade" or the "Company") (TSX VENTURE:RPL) a light oil focused exploration and production company with assets located in Saskatchewan, Alberta, Manitoba and North Dakota is pleased to provide a first quarter operational update and to announce that the board of directors (the "Board") has initiated a strategic review of the Company. The Corporation is also confirming the payment of the April 15, 2013 dividend. FIRST [Read more]
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Petrobakken Announces Q1 2013 Operations Update With Average Production of 49,100 Boepd
CALGARY, ALBERTA--(Marketwired - Apr 15, 2013) -PetroBakken Energy Ltd. ("PetroBakken" or the "Company") (PBN.TO) is pleased to provide an update on our first quarter operations. Note that all well counts contained in this press release are net numbers. Consistent with our capital plan, the first quarter of 2013 was very active as we drilled 53 wells, placed 40 wells on production and exited the quarter with an inventory of 30 wells waiting to be brought on-stream. Although well activity [Read more]
Centrica, Qatar company acquire assets from Suncor for $1 billion
CALGARY - Centrica PLC of Britain and Qatar Petroleum International have reached an agreement with Suncor Energy to acquire most its conventional natural gas and crude oil assets in Alberta for $1 billion in cash. Suncor (TSX:SU.TO) says the transaction is subject to regulatory approval and is expected to close in the third quarter of 2013. The business will be held in a newly established partnership between Centrica and QPI, a wholly owned subsidiary of Qatar [Read more]
Trudeau 2.0 elected liberal leader
OTTAWA - Justin Trudeau called for an end to internal Liberal party divisions and an end to the partisan politics of division Sunday night as he was anointed party leader in a landslide, first-ballot win. Trudeau, eldest son of former prime minister Pierre Trudeau and the Liberals' undisputed star, swept more than 80 per cent of the available points in a final field of six candidates. Despite the foregone conclusion of Trudeau's coronation, a downtown Ottawa hotel was packed with [Read more]
TSX heads sharply lower amid falling commodity prices, weak U.S. retail data
By Malcolm Morrison, The Canadian Press TORONTO - The Toronto stock market sold off Friday as concerns about the strength of the world's biggest economy raised demand worries and helped send oil and metal prices tumbling. The S&P/TSX composite index dropped 143.79 points to 12,337.59. Falling commodities helped push the Canadian dollar down 0.3 of a cent to 98.64 cents US. U.S. indexes recouped most of earlier losses resulting from earnings disappointments from banks and a [Read more]
Rig count continues to fall into spring season
[table] [attr style="width: 20%"]`[attr style="width: 35%"]`[attr style="width: 15%"]Oil`[attr style="width: 15%"]Gas`[attr style="width: 15%"]Total [attr rowspan="5" style="background-color: #E0E0E0; text-align: center; vertical-align: middle;"]Canada`This Week`83`73`156 Last Week`117`89`206 Last Year`88`76`164 Week over Week Change`-34`-16`-50 Year over Year Change`-5`-3`-8[/table] [table] [attr style="width: 20%"]`[attr style="width: 35%"]`[attr style="width: 15%"]Oil`[attr [Read more]
US crude futures fall 2 per cent to below US$92 a barrel on weak economic data
NEW YORK, N.Y. – Signs that the global economy isn’t strong enough to quickly burn through the world’s ample supplies of oil and gasoline sank crude oil prices for a second straight day. Weak U.S. economic reports Friday followed on the heels of reduced forecasts for oil demand. Oil dropped two per cent. U.S. crude futures fell $2.22, or 2.4 per cent, to $91.29 barrel in New York. Brent crude, which is used to price oil used by many U.S. refiners to make gasoline, fell $1.34 to [Read more]
Northern Gateway panel releases conditions for pipeline approval
VANCOUVER - The panel weighing the future of the proposed Northern Gateway project released a long list of conditions Friday that the company would need to meet should the project receive approval, including almost $1 billion in liability coverage in the event of a catastrophic oil spill. The joint federal review panel stressed that the release of draft conditions does not mean a decision has been made. "The panel has not made any decisions on whether or not to recommend approval [Read more]
MARKETING MACHINE: Redford says frequent trips to Washington helpful, will go back next possible opportunity
CALGARY - Alberta Premier Alison Redford says she's not worried that her frequent trips to Washington, D-C to promote the Keystone X-L oil pipeline will result in negative overexposure in the U-S. Redford has visited Washington four times since she became premier 18 months ago and has been the object of protesters opposed to the multi-billion dollar pipeline. She says if you're one of those people where your story is heard too much and no one wants to hear from you anymore, then [Read more]
Arcan is Pleased to Announce 2012 Year End Reserves and Financial Results, Cancelled Stock Options, and Provide an Operations Update
CALGARY, ALBERTA--(Marketwired - April 12, 2013) - Arcan Resources Ltd. (TSX VENTURE:ARN) ("Arcan" or the "Corporation") announced increases in both producing and proven reserves in the 2012 year-end report as well as growth in all categories over the mid-year update, recognizing initial results of Arcan's waterflood activities. Arcan achieved several key operational and financial objectives in 2012 as the Corporation continued to transition from a junior exploration company into a sustainable [Read more]