Higher oil prices and increased output helped Imperial Oil Limited post second quarter net earnings of $196 million, or 24 cents per diluted share, versus a net loss of $77 million, or nine cents a share, in the same period last year.
July 27, 2018, 10:46 AM MDT
Cenovus Energy Inc. CEO Alex Pourbaix asked investors for patience on Thursday as the company works on an agreement to ship large volumes of its crude by rail in order to manage ongoing market access issues.
July 26, 2018, 11:08 AM MDT
Crescent Point Energy Corp.’s search for a new president and CEO to replace Scott Saxberg continues in the face of pressure from a disgruntled shareholder, who says transparency in that effort and the company’s go-forward plan has been lacking.
July 26, 2018, 11:33 AM MDT
Suncor Energy Inc. generated record second quarter cash flow with funds from operations of $2.9 billion and operating earnings of $1.2 billion even with the most significant turnaround maintenance schedule in its history.
July 26, 2018, 10:39 AM MDT
Weak natural gas pricing and volumes weighed on PrairieSky Royalty Ltd. results for the second quarter and first half of 2018, leading to lower revenues, funds from operations and earnings than in the comparable 2018 periods.
July 24, 2018, 9:08 AM MDT
May 31, 2018, 10:14 AM MDT
May 30, 2018, 9:49 AM MDT
Strategic Oil & Gas Ltd.’s new top brass sees “extraordinary opportunity to realize value” from company assets, but doing so will require setting some priorities over the next couple of months.
May 25, 2018, 8:57 AM MDT
Razor Energy Corp. says it has completed its four-well development program at Kaybob but until the results can be better understood the capital allocated to drilling the remaining four wells in the 2018 budget has been reallocated to the well reactivation program.
May 22, 2018, 7:39 AM MDT
While western Canadian natural gas has struggled in recent years as production has outpaced the market’s ability to absorb it, the chief executive of Storm Resources Ltd. is still optimistic about the long-term outlook.
May 17, 2018, 6:14 AM MDT
Higher natural gas sales along with lower transportation costs contributed to improved cash flow, sales and net income for Corridor Resources Inc.
May 17, 2018, 10:10 AM MDT
On May 1, 2018, Cequence Energy Ltd. sold approximately 145 boe/d (90 per cent gas) in the Gordondale area of Alberta for $1.5 million.
May 16, 2018, 7:16 AM MDT
Zargon Oil & Gas Ltd. saw a net loss of $4.33 million in Q1 2018, which is 702 per cent deeper into the red than during the same three-month period last year, largely due to higher royalties, operating expenses and a loss on realized and unrealized derivatives.
May 16, 2018, 9:17 AM MDT
Iron Bridge Resources Inc. narrowed its first quarter net loss to $1.15 million, or one cent per diluted share, from $2.76 million, or two cents per diluted share, in the same period last year.
May 15, 2018, 10:44 AM MDT
Traverse Energy Ltd.’s first quarter production decreased from the prior year period as no new production was added so far in 2018.
May 15, 2018, 8:56 AM MDT
Raging River Exploration Inc. reports that its syndicate of lenders has reviewed and unanimously reaffirmed on similar terms the company’s borrowing base at $500 million.
May 15, 2018, 8:50 AM MDT
Obsidian Energy Ltd.’s first quarter results were hurt by hedging losses, wide differentials, cold weather downtime, third-party maintenance and operational delays.
May 14, 2018, 6 AM MDT
In what was likely its final full reporting period as Spartan Energy Corp., the company recorded a first quarter 2018 net loss of $133.75 million as it recognized an impairment charge of $193.92 million related to its properties and equipment.
May 14, 2018, 10:12 AM MDT
Questerre Energy Corporation says its production and cash flow growth during the first quarter was primarily driven by the increased investment in Kakwa.
May 14, 2018, 9:44 AM MDT
Yangarra Resources Ltd.’s commitment to a full cycle capital allocation model along with improved fracturing techniques in deeper wells in its central Alberta core area have helped drive the company to top decile full cycle rates of return, the company reported in its annual general meeting on Thursday.
May 11, 2018, 6 AM MDT
With the current weak natural gas prices environment, Crew Energy Inc. says it plans to shut-in volumes to preserve value and will continue to closely monitor natural gas market dynamics and adjust production levels to generate optimal returns.
May 11, 2018, 9:35 AM MDT
Production in the first quarter of 2018 increased 40 per cent over the same period in 2017, reported Cardinal Energy Ltd., due to incremental production from two acquisitions that closed in March 2017 and June 2017.
May 11, 2018, 6:33 AM MDT
Prairie Provident Resources Inc. says its strategy of focusing on oil and natural gas liquids opportunities resulted in an increased liquids weighting of 70 per cent for the first quarter of 2018, up from 55 per cent in the 2017 period.
May 11, 2018, 2:55 AM MDT
Montney-focused Chinook Energy Inc., with funding from the proceeds from its December 2017 flow-through share issuance, drilled two (two net) vertical exploratory wells in the Birley/Umbach area for $2.1 million in the first quarter of 2018.
May 11, 2018, 9:56 AM MDT
Total production for InPlay Oil Corp. climbed 14 per cent to 4,415 boe/d compared to the first quarter of 2017, within annual average 2018 guidance of 4,400 – 4,500 boe/d.
May 11, 2018, 3:40 AM MDT