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O/G JournalBaytex Energy Corp.* (BTE:TSX) announced a cash dividend of $0.10 per common share in respect of April operations will be paid on May 15, 2015 to shareholders of record on April 30, 2015. The ex-dividend date is April 28, 2015. This dividend is an eligible dividend for the purposes of the Income Tax Act (Canada).
Baytex Energy Corp. is a dividend-paying oil and gas corporation based in Calgary, Alberta. Company has a market cap of $4.8 billion and approximately 205 million.
Bonavista Energy Corporation* (BNP:TSX) announced on April 16th that a dividend of $0.035 per common share will be paid in cash on May 15, 2015 to common shareholders of record on April 30, 2015. The ex-dividend date is April 28, 2015.
Bonavista is a Calgary based mid-sized energy corporation with operations in western Canada. Company has a market cap of $1.6 billion and 205 million shares outstanding.
Bonterra Energy Corp.* (BNE:TSX) announced the closing of the previously announced acquisition of certain Cardium focused assets in the Pembina area of Alberta from a senior oil and gas producer for $172 million prior to normal closing adjustments, financed mainly through bank debt.
The acquisition is consistent with Bonterra's strategy to capitalize on opportunities to enhance the quality of its asset base, operations and overall returns to the shareholders.
Bonterra Energy Corp. is a Calgary based conventional oil and gas corporation with operations in Alberta, Saskatchewan and British Columbia. Company has a market cap of $1.2 billion and 32 billion shares outstanding.
Cardinal Energy Ltd.* (CJ:TSX) and Pinecrest Energy Inc.* (PRY:TSX) announced jointly the closing of the planned arrangement. Under the terms of the arrangement, approximately 90% of the oil and gas assets previously owned and operated by Pinecrest have been transferred to Virginia Hills and all of the outstanding shares of Pinecrest have been sold to Cardinal together with certain assets for aggregate consideration of $23.5 million.
Cardinal Energy Ltd.is a Calgary based oil and gas company. Cardinal has a market cap of $915 million and approximately 57 million shares outstanding.
Enbridge Income Fund Holdings Inc.* (ENF:TSX) announced that its Board of Directors has declared a cash dividend of $0.1285 per common share (Share) to be paid on May 15, 2015 to shareholders of record at the close of business on April 30, 2015. This dividend is designated an eligible dividend for Canadian tax purposes which qualifies for the enhanced dividend tax credit.
Enbridge Income Fund Holdings Inc. is a publicly traded corporation based in Calgary. Company, through its investment in Enbridge Income Fund, holds high quality, low risk energy infrastructure assets. Company has a market cap of $2.6 billion and approximately 70 million shares outstanding.
Iona Energy Inc. (INA:TSX) announced on April 16th that the four production wells at Huntington are now fully back on stream and currently producing around 25,000 bbls of oil per day with around 3,000 boe of associated gas per day exported into CATS (28,000 boe/day gross, 4,200 boe/day net to the Company's 15% working interest).
The above production rates are in line with expectations of initial rates from the wells post a period of shutdown and consistent with the assumptions made by the Company in its 5th March announcement that production will naturally decline through 2015 and that there may be reduced access to CATS during June and July for gas terminal maintenance.
Iona is a Calgary based oil and gas company with assets in the United Kingdom's North Sea. Company has a market cap of $28 million and approximately 347 million shares outstanding.
NXT Energy Solutions Inc. (SFD:TSX) announced on April 16th that it has received a contract award in excess of US $13 million to conduct an aerial Stress Field Detection ("SFD®") survey project.
NXT advises that execution of a formal binding contract is expected to be finalized in the next month pending delivery by NXT Energy of industry standard documentation including project performance bonds. Final contract details will be announced once available.
NXT Energy is a Calgary based company whose proprietary Stress Field Detection survey system to remotely identify areas with exploration potential for traps and reservoirs. Company has a market cap of $98 million and approximately 45 million shares outstanding.
Peyto Exploration & Development Corp. (PEY:TSX) announced on April 16th that it has closed its previously announced bought deal offering of common shares. Corporation issued 5,037,000 common shares (including 657,000 common shares issued pursuant to the exercise in full of the over-allotment option granted to the underwriters) at a price of $34.25 per common share, for total gross proceeds of approximately $172.5 million.
Net proceeds from the offering will initially be used to partially repay outstanding bank indebtedness, thereby freeing up borrowing capacity which may be used to fund a portion of the Corporation's ongoing capital program and for general corporate purposes.
Peyto Exploration & Development Corp. is a Calgary based company engaged in the exploration, development and production of oil and natural gas in Alberta's Deep Basin. Company has a market cap of $5.5 billion and approximately 154 million shares outstanding.
Select Sands Corp. (SNS:TSX) announced on April 16th that the company has submitted a Quarry Mining Permit Application to the Arkansas Department of Environmental Quality for its Sandtown project in Northeast Arkansas, USA. The quarry mining permit includes Reclamation Bond Instrument and a five-year mine plan.
Select Sands Corp. is a Vancouver based mineral exploration company. It has a market cap of $11 million and approximately 42 million shares outstanding.
TransCanada Corporation (TRP:TSX) announced on April 16th that the National Energy Board (NEB) has issued its report recommending the federal government approve the company's proposed $1.7 billion North Montney Mainline Project.
The proposed North Montney Mainline Project will provide substantial new capacity on the NGTL System to meet the transportation requirements associated with rapidly increasing development of natural gas resources in the Montney supply basin in northeastern B.C. The Project will connect Montney and other Western Canadian Sedimentary Basin supply to both existing and new natural gas markets, notably emerging markets for LNG in B.C.
Project will consist of two large diameter, 42 inch pipeline sections, Aitken Creek and Kahta, totaling approximately 301 kilometres (187 miles) in length, and associated metering facilities, valve sites and compression facilities. The Project will also include an interconnection with TransCanada's proposed Prince Rupert Gas Transmission Project to provide natural gas supply to the proposed Pacific NorthWest (PNW) LNG liquefaction and export facility near Prince Rupert, B.C.
TransCanada a Calgary based company which operates a network of natural gas pipelines that extends more than 68,000 kilometers (42,100 miles), tapping into virtually all major gas supply basins in North America. Company has a market cap of $39 billion and approximately 709 million shares outstanding.
Crescent Point Energy Corp. (CPG:TSX) announced on April 14th that the dividend to be paid on May 15, 2015, in respect of April 2015 production, for shareholders of record on April 30, 2015, will be CDN$0.23 per share. Crescent Point's shareholders may elect to receive dividend payments in the form of cash or common shares.
Crescent Point is a Calgary based company and is one of Canada's largest light and medium oil producers. Company has a market cap of $14.7 billion and approximately 450 million shares outstanding.
Eagle Energy Trust (EGL.UN:TSX) announced on April 14th the cash distribution to be paid on May 22, 2015, in respect of the period from and including April 1, 2015 to April 30, 2015, for unitholders of record on April 30, 2015 will be $0.03 per trust unit. The ex-distribution date is April 28, 2015.
Eagle is an oil and gas energy trust based in Calgary. Trust has a market cap of $106 million and approximately 35 million shares outstanding.
ENTREC Corporation (ENT:TSX) announced on April 14th intends to release its 2015 first quarter financial results on the evening of Wednesday, May 13, 2015, and has scheduled a conference call and webcast on Thursday, May 14, 2015. A replay of the call will be available approximately two hours after the completion of the call until Friday, May 22, 2015.
ENTREC is an employee-owned integrated crane solutions provider to the oil and natural gas, construction, petrochemical, mining and power generation industries. Company is based in Acheson, Alberta. Company has a market cap of $52 million and approximately 107 million shares outstanding.
MEG Energy Corp. (MEG:TSX) announced on April 14th that company co-founder Dave Wizinsky will step down from the corporation's Board of Directors effective May 7, 2015, after serving for 16 years with the company.
President and Chief Executive Officer Bill McCaffrey commented, “"A 'builder' at heart, Dave has co-founded several successful enterprises, and has taken a particular interest in building relationships with community stakeholders. Dave cares deeply about MEG's culture and especially our relationship with First Nations, Metis and local communities where we work and live.”
MEG Energy Corp. is a Calgary based company focused on sustainable in situ oil sands development and production in the southern Athabasca oil sands region of Alberta. Company has a market cap of $5.4 billion and approximately 224 million shares outstanding.
Pengrowth Energy Corporation (PGF:TSX) announced on April 14th the appointment of Jamie Sokalsky to its Board of Directors. Mr. Sokalsky brings over 30 years of senior executive experience in a wide range of areas including finance, capital markets, corporate strategy, project development, acquisitions and divestitures. Mr. Sokalsky's career centered primarily within the mining and resources sector.
John Zaozirny, Chairman of Pengrowth Energy Corporation commented, "I am pleased to welcome Jamie to the Pengrowth team. His experience and expertise will provide a meaningful enhancement to the Audit Committee of Pengrowth's Board and will complement the existing strategic and operational strength of our Board."
Pengrowth Energy Corporation is a dividend paying, intermediate Canadian producer of oil and natural gas, headquartered in Calgary, Alberta. Company has a market cap of $2.3 billion and approximately 536 million shares outstanding.
PHX Energy Services Corp. (PHX:TSX) announced on April 14th a a cash dividend of $0.035 per common share designated as an "eligible dividend" within the meaning of subsection 89(1) of the Income Tax Act (Canada), and payable on May 15, 2015, to shareholders of record at the close of business on April 30, 2015. The ex-dividend date is April 28, 2015.
PHX Energy Services is a Calgary based company which provides horizontal and directional drilling technology and services to oil and natural gas producing companies in Canada, the US, Albania, and Russia. Company has a market cap of $279 million and approximately 35 million shares outstanding.
Pinecrest Energy Inc. (PRY:TSXV) announced on April 14th that it has filed its audited annual financial statements for the year ended December 31, 2014 and related management's discussion and analysis on SEDAR.
Pinecrest Energy is a Calgary based oil and gas company with operations in western Canada. Company has a market cap of $1.0 million and approximately 217 million shares outstanding.
Shoreline Energy Corp.* (SEQ:TSX) announced that it has obtained creditor protection under the Companies' Creditors Arrangement Act (Canada) pursuant to an Order granted on April 13, 2015 by the Court of Queen's Bench of Alberta.
Shoreline had sought protection under the CCAA as its current cash in hand would not allow it to meet its current obligations as they become due. It was determined by the Board of Directors that as a result of the Company's current financial situation and the current commodity price environment that seeking CCAA protection would be in the best interests of the Company and all of its stakeholders.
Company intends to continue with its operations in the Peace River Arch and continue efforts to pursue strategic alternatives, including restructuring its existing debt obligations and pursuing the sale of assets or similar transactions while under CCAA protection.
Shoreline is a Calgary, Alberta based corporation engaged in the exploration, development and production of petroleum and natural gas. Company has a market cap of $226 thousand and approximately 9.0 million shares outstanding.
Surge Energy Inc. (SGY:TSX) announced on April 14th that a cash dividend to be paid on May 15, 2015 in respect of April 2015 production, for the shareholders of record on April 30, 2015 will be $0.025 per share. The dividend is an eligible dividend for the purposes of the Income Tax Act (Canada).
Surge Energy Inc. is a Calgary based oil-weighted production and development company with high quality, large oil in place, crude oil reservoirs. Company has a market cap of $852 million and approximately 220 million shares outstanding.
Twin Butte Energy Ltd. (TBE:TSX) announced on April 14th that its cash dividend in respect of April 2015 production will be $0.01 per share. The eligible dividend will be paid on May 15, 2015 to shareholders of record on April 30, 2015. The ex-dividend date is April 28, 2015. These dividends are designated as "eligible dividends" for Canadian income tax purposes.
Twin Butte Energy Ltd. is a dividend paying value oriented intermediate producer based in Calgary and with operations in western Canada. Company has a market cap of $258 million and approximately 353 million shares outstanding. AltaGas Ltd. (ALA:TSX) announced on April 14th that it has completed its US$125 million issue of senior unsecured medium-term notes. The notes carry a floating rate coupon of three month LIBOR plus 0.85 percent and mature on April 17, 2017. The net proceeds resulting from the offering will be used to pay down existing indebtedness and for general corporate purposes.
AltaGas is a Calgary based company energy with a focus on natural gas, power and regulated utilities. Company has a market cap of $5.5 billion and approximately 135 million shares outstanding.
Canadian Overseas Petroleum Ltd. (XOP:TSXV) announced on April 14th that Mr. Chris Mclean, the company's Chief Financial Officer, is taking a leave of absence for health reasons following a serious road traffic accident. Mr. Mclean remains a Director of the company, but the Board has agreed that in his absence Ms. Kristin Obreiter will serve as Acting Chief Financial Officer with immediate effect. Ms Kristin Obreiter has served as the company's Financial Controller since 2013.
Canadian Overseas Petroleum is an oil and gas exploration and development company. It is engaged in the identification, acquisition, exploration and development of oil and natural gas offshore reserves in West Africa and New Zealand. Company has a market cap of $30 million and approximately 402 million shares outstanding.
Cub Energy Inc. (KUB:TSXV) announced on April 14th its operations for the first quarter of 2015. This update includes ongoing operations from KUB-Gas LLC, which Cub has a 30% ownership interest, and Tysagaz LLC, Cub's 100% owned subsidiary.
Average production for the first quarter was approximately 1,654 boe/d (Cub WI), representing a 21.7% decrease from 2,112 boe/d in the fourth quarter. Production for the first nine days of April has averaged 1,609 boe/d. Production in Ukraine continues to be below capacity due to the lingering effects of government legislation attempting to reserve a large share of the natural gas market for the state owned National Joint Stock Company Naftogaz.
The estimated prices received in Ukraine during the quarter were $7.98 per thousand cubic feetand $36.63 per barrel for natural gas and liquids respectively. The comparable prices realized in Q4 2014 were $9.62/Mcf and $72.34/bbl.
Completion and testing operations are underway in the M-22 well in Ukraine. All testing is expected to be completed in the second quarter. A flowline was pre-built in 2014, and the tie-in is anticipated to be finished in the second quarter, pending regulatory approvals.
Cub Energy is a US based oil and gas company with assets and operations in eastern Ukraine. Company has a market cap of $6.2 million and approximately 312 million shares outstanding.
Highbank Resources Ltd. (HBK:TSXV) announced on April 14th that Highbank's Swamp Point North Aggregate Plant is now commissioned. Director, Jim Place, P.Geo., took several samples of the first production, adhering to proper handling protocol procedures. The samples were delivered to a certified testing laboratory in Terrace, B.C. where standard construction aggregate tests will be conducted to ensure compliance with end user specifications.
Currently the plant is being used to produce crushed gravel for onsite haulage road and stockpile site upgrades. Once these improvements are completed SPN will move into full plant production mode and begin preparing aggregate stockpiles for shipments.
Highbank Resources is a Vancouver based company engaged in acquisition and exploration of mineral properties in Canada.. It has a market cap of $17 million and approximately 103 million shares outstanding.
Pinecrest Energy Inc. (PRY:TSXV) announced on April 14th a plan of arrangement involving Cardinal Energy Ltd. (the "Purchaser"), and Virginia Hills Oil Corp. The amendment removes the step in the plan of arrangement transferring the employment of executive officers and employees of Pinecrest to Virginia Hills while all other steps in the Plan remain unchanged. The amendment has no effect on the consideration to be received by Pinecrest shareholders pursuant to the Arrangement.
Company also advises that Messrs. Wade Becker, Dan Toews, Korby Zimmerman, Joe Sobochan and Brent Gough have ceased to be executive officers of Pinecrest. Any severance obligations in favour of such Pinecrest executive officers or employees that remain outstanding following completion of the Arrangement will be assumed by Virginia Hills.
Pinecrest Energy, Inc is a Calgary based petroleum and natural gas exploration, production and development company, with operations in the Canadian provinces of Alberta and Saskatchewan. Company has a market cap of $1 million and approximately 217 million shares outstanding.
Pacific Rubiales Energy Corp. (PRE:TSX) announced on April 14th that its first quarter 2015 results will be released before market open on Thursday, May 14, 2015 followed by a conference call and webcast for investors and analysts at 8:00 a.m. (Bogotá time) and 9:00 a.m. (Toronto time). Participants will include Ronald Pantin, Chief Executive Officer, José Francisco Arata, President, and select members of the senior management team.
The live conference call will be conducted in English with simultaneous Spanish translation. A presentation will be available on the Company's website.
Pacific Rubiales is a Toronto based Canadian company engaged in natural gas and crude oil production with operations focused in Latin America. Company has a market cap of $840 million and approximately 316 million shares outstanding.
Questfire Energy Corp. (Q.A, Q.B:TSXV) announced on April 14th that it has issued an aggregate of 600,000 options to directors, officers, employees and consultants pursuant to its stock option plan, of which 255,000 were granted to directors and officers. The options have an exercise price of $1.30 per share and will expire on April 13, 2025.
Questfire Energy is a Calgary based company with operations in western Canada. Company has a market cap of $22.5 million and approximately 17.3 million shares outstanding.
Serinus Energy Inc. (SEN:TSX) announced on April 14th an update for its operations for the first quarter of 2015. Average corporate production for the first quarter was approximately 4,403 boe/d (SEN WI), representing a 19% decrease from 5,413 boe/d in the fourth quarter. Production for the first week of April averaged 4,511 boe/d.
Overall production continues to be significantly below capacity due to the lingering effects of Ukrainian government legislation that attempted to reserve a large share of the natural gas market for the state owned National Joint Stock Company Naftogaz.
Tunisia production for the first week of April averaged 1,588 boe/d, comprised of 1,255 bbl/d of oil and 2.0 MMcf/d of natural gas. Testing is currently underway on the Moftinu-1002bis well, with results expected within the next several days.
Completion and testing operations are also underway in the M-22 well in Ukraine. All testing is expected to be completed by mid to late April. A flowline was pre-built in 2014, and the tie-in is anticipated to be finished by mid-May, pending regulatory approvals.
On February 20, 2015, the Serinus announced that it had finalized a new 10 million Euro debt facility with the European Bank for Reconstruction and Development. The facility has a six year term and carries an interest rate of LIBOR plus 8%. It also has provisions requiring accelerated repayment from the Company's cash resources in Ukraine.
Serinus is a Calgary based international upstream oil and gas exploration and production company that owns and operates projects in Ukraine, Tunisia, and Romania. Company has a market cap of $82.6 million and approximately 78.6 million shares outstanding.
Crown Point Energy Inc. (CWV:TSXV) announced on April 13th that it has completed the final closing with respect to the US$8.5 million second tranche of its aggregate US$15 million financing with Liminar Energy S.A. and GORC S.A.. Crown Point issued 23,323,656 common shares of the Company to Liminar at an issue price of US$0.25 per share for aggregate proceeds of US$5,830,914.
As a result of Liminar's acquisition of 23,323,656 Shares, it now owns and controls an aggregate of 54,000,000 Shares, representing approximately 32.8% of the issued and outstanding Shares, and Liminar and GORC now collectively own and control an aggregate of 60,000,000 Shares, representing approximately 36.5% of the issued and outstanding Shares.
Crown Point Energy Inc. is an international oil and gas exploration and development company headquartered in Calgary. Company has a market cap of $24 million and approximately 141 million shares outstanding.
DualEx Energy International Inc. (DXE:TSXV) announced on April 13th that natural gas production from its Penészlek field in NE Hungary has ceased, due to natural depletion of the two remaining wells. As a result, the PEN 101 and 105 wells will now be abandoned and the associated facilities decommissioned.
DualEx Energy International Inc. is a Calgary based oil and gas exploration and production company with operations in Tunisia and Hungary. Company has a market cap of $1.7 million and approximately 113 million shares outstanding.
Gibson Energy Inc. (GEI:TSX) announced on April 13th that it has received sufficient committed shipper support to proceed with an additional 900,000 barrels of crude oil storage capacity at the Company's Hardisty Terminal. This will be comprised of a 400,000 barrel storage tank and a 500,000 barrel storage tank. The 500,000 barrel storage tank is backed by a long-term agreement with Teck Resources Limited, a new customer for Gibsons.
Rick Wise, Gibsons' Chief Operating Officer commented, "Despite today's depressed oil price environment, a robust growth profile remains in place for oil sands related production volumes. We have confidence in our ability to capture the associated demand for terminal services through the diversified offerings we can provide our customers at the Hardisty Terminal."
Gibsons is a Calgary based integrated service provider to the oil and gas industry with operations across major producing regions throughout North America. Company has a market cap $3.4 billion and approximately 125 million shares outstanding.
Ithaca Energy Inc. (IAE:TSX) announced on April 13th the successful completion of flow test operations on the fifth and final development well on the Stella field, with the well achieving a flow rate of over 8,000 barrels of oil equivalent per day.
"A3" is the fifth development well drilled on the Stella field. The well was drilled to a total measured depth subsea of 14,267 feet, with a 2,137 foot gross horizontal reservoir section completed in the Ekofisk chalk reservoir. The well flowed at rates up to 7,172 barrels of oil per day on a 48/64 inch choke, with a gas/oil ratio of approximately 1,850 standard cubic feet per barrel. The A3 well is currently in the process of being suspended and operations are scheduled to be completed in the coming days.
Ithaca Energy Inc. is a Calgary based and is a North Sea oil and gas company. Company has a market cap of $290 million and approximately 330 million shares outstanding.
Mart Resources, Inc. (MMT:TSX) announced on April 13th a production update. Company reported that during February 2015 based on calendar days; average field production based on production days was approximately 20,680 bopd during February 2015. Total production from the Umusadege field in February 2015 was approximately 538,330 barrels of oil.
The combined net delivery of oil from the Umusadege field through the Umugini pipeline and the Nigerian Agip Oil Company Limited export pipeline totaled approximately 510,040 bbls in February 2015 before estimated combined pipeline and export facility losses, and approximately 448,140 bbls after deduction of combined pipeline and export facility losses for February 2015 as estimated by Mart.
After completion of drilling and testing of the UMU-13 well in January 2015 the drill rig has been on standby while reviewing the 2015 capital expenditure program and finalizing a deferral of principal payments under the loan facility with a Nigerian bank to provide more flexibility in funding the 2015 capital expenditure program.
Mart Resources is a Calgary based international oil and gas company with operations in Africa. Company has a market cap of $189 million and approximately 357 million shares outstanding.
Oryx Petroleum Corporation Limited (OXC:TSX) announced on April 13th its participation in the Bank of America Merrill Lynch 14th Annual Oil & Gas Conference at The Grove Golf & Country Club in Chandler's Cross, Hertfordshire UK.
Oryx Petroleum is a Calgary based international oil exploration and production company focused in Africa and the Middle East. Company has a market cap of $459 million and approximately 121 million shares outstanding.
Perpetual Energy Inc. (PMP:TSX) announced on April 13th thatit has closed the sale of certain fee simple lands in east central Alberta, and a working interest in related seismic data, for $21.0 million. Company's key strategic priority continues to be focused on debt reduction in 2015.
The transaction involves 206,712 net acres (207,770 gross) of fee simple lands, primarily comprised of section 8 and three quarters of section 26 in a checkerboard pattern across a 14 by 18 township area east of Edmonton. Included in the disposition is approximately 165 Mboe of reserves (82 percent gas) associated with royalty interests, as well as the assignment of a 75 percent ownership interest in 1,013 square km of 3D proprietary seismic and 3,917 km of 2D proprietary seismic.
Perpetual Energy Inc. is a Calgary based energy company with a spectrum of resource-style opportunities spanning heavy oil, NGL and bitumen along with a large base of shallow gas assets in western Canada. Company has a market cap of $162 million and approximately 152 million shares outstanding.
Xinergy Ltd. (XRG:TSX) The TSX announced on April 13th that it has determined to delist the common shares (Symbol: XRG) of the Company at the close of business on May 12, 2015 for failure to meet the continued listing requirements of TSX. The common shares will remain suspended from trading.
Xinergy Ltd is a US based company engaged in coal mining in eastern Kentucky, Virginia and West Virginia. It offers quality thermal & metallurgical coal to electric utilities, steelmakers, energy trading firms, industrial companies and other customers. Xinergy has a market cap of $1.2 million and approximately 58 million shares outstanding. |
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