Financial Results

  • Total Profits Hit By Volatile Oil Prices Despite Record Output

    April 26, 2019, 9:52 AM MDT

  • Industry To Ramp Rail On Its Own Should Kenney Cancel Alberta Agreements: Cenovus Execs

    Industry is likely to increase crude by rail volumes on its own should incoming Premier Jason Kenney follow through on his plan to cancel the government rail agreements put in place by Rachel Notley, executives with Cenovus Energy Inc. said on Wednesday morning. 

    April 24, 2019, 11:14 AM MDT

  • Traverse Production Declines, Net Loss Grows

    Traverse Energy Ltd.’s production averaged 594 boe/d (43 per cent oil and NGLs) during the fourth quarter of 2018, an increase of 31 per cent from the third quarter of 2018.

    April 10, 2019, 9:14 AM MDT

  • Corridor Eyeing Frederick Brook Shale

    While Corridor Resources Inc. says it continued to evaluate opportunities with a disciplined approach to deploy surplus working capital and enhance shareholder value in 2018, none of the opportunities assessed met Corridor’s objectives.

    March 29, 2019, 8:36 AM MDT

  • Court Ruling In Perpetual Suit Expected In Q2

    Perpetual Energy Inc. says it anticipates a court decision in the second quarter of 2019 on its application for a dismissal of all claims from PricewaterhouseCoopers Inc. related to Perpetual’s sale of shallow gas assets to Sequoia Resources Corp. which later assigned itself into bankrupty.

    March 28, 2019, 10:37 AM MDT

  • Prairie Provident Gains Market Share; Net Loss Declines In 2018

    Prairie Provident Resources Inc. added 1,800 boe/d of production while expanding its footprint in Southern Alberta in 2018.

    March 28, 2019, 9:56 AM MDT

  • Altura Q4 Results Feel Impact Of Low Oil Prices

    Lower realized oil prices in the fourth quarter of 2018 were reflected in reduced adjusted funds flow and revenue for Altura Energy Inc.

    March 22, 2019, 9:05 AM MDT

  • Cardinal Production Climbs In 2018

    Production for oil-weighted Cardinal Energy Ltd. was up 11 per cent in 2018 although output in the fourth quarter fell three per cent or 1,100 boe/d after the company voluntarily curtailed sales volumes due to low pricing.

    March 21, 2019, 9:49 AM MDT

  • InPlay Focused On Cardium In 2018, Continuing This Year

    InPlay Oil Corp. executed a $50.2 million capital program during 2018, focused on the Willesden Green bioturbated Cardium formation.

    March 20, 2019, 7:24 AM MDT

  • Bellatrix Production Down Year-Over-Year, Spirit River Program Excelling

    Bellatrix Exploration Ltd.’s production volumes in the fourth quarter of 2018 averaged 35,001 boe/d (71 per cent natural gas weighted), up four per cent from third quarter 2018 volumes of 33,530 boe/d but down from Q4 2017 volumes of 37,077 boe/d.

    March 15, 2019, 3:47 AM MDT

  • Bellatrix Q4 And Full-Year 2018 Net Loss Grows

    Bellatrix Exploration Ltd. recorded a fourth quarter 2018 net loss of $89.8 million compared to a net loss of $13.05 million the comparable period in 2017. ​​​​​​​

    March 15, 2019, 3:54 AM MDT

  • Delphi First Half Work Includes Four-Well Pad At West Bigstone

    Through the first half of 2019, Delphi Energy Corp. will complete and bring on production its four-well pad in West Bigstone.

    March 14, 2019, 8:33 AM MDT

  • Petrus Outlines Q2 Spending

    Petrus Resources Ltd. announced a second quarter 2019 capital budget of $7–$8 million, based on a current forecast for commodity futures pricing, anticipated service costs and current activity levels.

    March 14, 2019, 8:06 AM MDT

  • Cequence Boosts Liquids Weighting Due To Dunvegan Oil Play

    Focusing on its Dunvegan oil program, natural-gas weighted Cequence Energy Ltd. increased its liquids weighting in both the 2018 year and fourth quarter although overall production in both periods was down from the previous year.

    March 14, 2019, 12 AM MDT

  • TransGlobe’s Q4 Canadian Production Decreases Four Per Cent

    TransGlobe Energy Corporation produced an average of 14,439 boe/d in 2018 as compared to 15,506 boe/d a year earlier, a seven per cent decrease year over year.  

    March 13, 2019, 9:17 AM MDT

  • Bonterra Picks Up Cardium Assets

    For 2018, Bonterra Energy Corp. invested $78.7 million in net capital expenditures, or four per cent less than in 2017.

    March 13, 2019, 7:43 AM MDT

  • Journey Narrows Net Loss For Q4, Lower Funds Flow

    Journey Energy Inc. reported a lower net loss for Q4 and the year-ended 2018, but its funds flow declined in both periods.

    March 12, 2019, 12 AM MDT

  • Obsidian’s Production Fell In 2018; Net Loss Grows

    Obsidian Energy Ltd.’s full year production declined by nine per cent to 28,953 boe/d.

    March 8, 2019, 6 AM MST

  • Yangarra Output Up, Company Reports Higher Net Income, Funds Flow

    Yangarra Resources Ltd. reported higher financial and production results for 2018, as output, net income and funds flow all increased.

    March 8, 2019, 9:21 AM MST

  • Peyto Reports ‘Resurgence’ Of Cardium Play

    The Cardium play was revitalized with a “proven, innovative completion design,” resulting in a 200 per cent increase in booked Cardium locations, said Peyto Exploration & Development Corp.

    March 7, 2019, 6:56 AM MST

  • Crescent Point Touts Cost Structure Improvements; More Asset Sales On Tap

    Crescent Point Energy Corp. says its 2019 capital budget is expected to generate over $400 million of excess cash flow, based on current strip prices, which will be used for net debt repayment and additional share repurchases.

    March 7, 2019, 11:20 AM MST

  • Painted Pony Output Near 60,000 Boe/d For 2018

    Painted Pony Energy Ltd. increased average daily production volumes during 2018 by 35 per cent to 347 mmcfe/d, or 57,879 boe/d.

    March 7, 2019, 7:59 AM MST

  • Chinook Continues To Layer In Hedges; Taking Cautious Approach In 2019

    Chinook Energy Inc. continues to layer in commodity price hedges and diversify its natural gas sales points with approximately 30 per cent of forecast 2019 natural gas production currently hedged and greater than 33 per cent of forecast 2019 natural gas production sold at Chicago pricing.

    March 7, 2019, 8:43 AM MST

  • Athabasca Grows Reserves; Production Curtailed

    Liquids-weighted Athabasca Oil Corporation achieved a three per cent year-over-year increase in total proved plus probable reserves as higher thermal reserves offset lower light oil reserves.

    March 7, 2019, 10:13 AM MST

  • Pengrowth’s Q4 Net Loss Grows

    Pengrowth Energy Corporation’s average daily production for the fourth quarter increased 11 per cent to 24,104 boe/d compared with 21,807 boe/d in the third quarter of 2018 primarily as a result of infill wells coming on-line at Lindbergh and additional production from Groundbirch that was brought back onstream when gas prices improved.  

    March 6, 2019, 10:52 AM MST