CS - People & Companies - May 29, 2019Advantage Oil & Gas LTD named
Jill T. Angevine, Stephen E. Balog,
Grant B. Fagerheim, Paul G. Haggis,
Andy J. Mah and Ronald A. McIntosh
as directors. McIntosh has been
chairman of Advantage since February
2014. Previously, he served as CEO
and president of Navigo Energy Inc.
Mah has been the CEO of Advantage
since January 2009 and president
since April 2011. Catherine Best, Murray Edwards,
Timothy Faithfull, Christopher Fong,
Gordon Giffin, Wilfred Gobert, Steve
Laut, Tim McKay,...
May 29, 2019
People & Companies - May 18, 2018Advantage Oil & Gas named David
Sterna to the position of VP, Maketing
and Commercial. In that role, he will lead
the company’s efforts
to diversify its markets.
Previously, he was at
Petronas subsidiary Progress Energy
Canada, Obsidian Energy (formerly
Penn West), and at Canetic Resources
Trust, where he held similar executive
and senior management roles. Toronto-based Advantagewon Oil
Corp. named Roger Harman its next
CFO. Harman is a Chartered Professional
Accountant and...
May 18, 2018
What the Analysts are Saying About A&D - February 07, 2018No ‘quick fix’ to Canada’s oil woes“‘Canadian oil prices have completely de-coupled from global benchmarks– with the current strip implying the widest heavy differential in about three years at US$20 a barrel in 2018,’ Peters & Co. analysts say in a recent outlook report. And there isn’t a quick fix. Canadian oil supplies, which are growing with the completion of big oil sands projects will match pipeline capacity this year and next, Peters said. Of the three pipelines at various...
Feb 07, 2018
Williams drops down Alberta assets to MLP subWilliams Cos.' 64% owned MLP sub Williams Partners (WPZ) bought $1.2 billion in Canadian midstream assets in a parental dropdown that closed February 28. The Alberta-based assets now under the MLP's ownership include an oil sands offgas processing plant near Fort McMurray, 260 miles of NGL and olefins pipelines, an NGL/olefins fractionation facility and a butylene/butane splitter facility at Redwater. WPZ also acquired an in-progress expansion project at the Redwater facility that...
Feb 26, 2014
Top five stock winners & losers - August 30, 2012Gulfport Energy shares are up 26% in August, driven by the company's eagerly anticipated first Utica horizontal well results. The well did not disappoint, testing at 17.1 MMcfd of gas and associated condensate and NGLs adding up to 4,650 boepd, well above that of most other results in the young play.Shares of Warren Resources are up 24% this month on strong Q2 performance. The company had record quarterly oil production and 18% sequential oil sales growth which accounted for over 90% of...
Aug 30, 2012
Petronas to acquire Progress in $5.5 billion dealMalaysian NOC Petronas agreed to acquire Progress Energy Resources for $20.45 per share in cash. Including the amount to be paid for Progress' outstanding convertible debentures, the deal is valued at ~$5.5 billion. The deal represents a 77% premium over Progress' $11.55 closing share price on the TSX on June 27"”the day before the deal was announced"”and 83% over Progress' 30-trading-day volume-weighted average of $11.18/share as of the same day. The...
Jul 05, 2012
Asia's hunger for energy, fuels B.C. shale hopesA game-changer; a revolution; a door-opener to new lucrative markets in Asia; the answer to commercializing remote, resource-laden plays; the launching pad for a North American gas-to-liquids breakthrough… The tight and shale gas plays of northern British Columbia - Montney, Horn River, Cordova Embayment, Liard – are touted as the underpinning for all of those dreams and more. They've attracted billions of dollars in land acquisition over the past few years and are now drawing a swarm of...
Sep 14, 2011
Asia's hunger for energy, fuels B.C. shale hopesA game-changer; a revolution; a door-opener to new lucrative markets in Asia; the answer to commercializing remote, resource-laden plays; the launching pad for a North American gas-to-liquids breakthrough… The tight and shale gas plays of northern British Columbia – Montney, Horn River, Cordova Embayment, Liard – are touted as the underpinning for all of those dreams and more. They've attracted billions of dollars in land acquisition over the past few years and are now drawing a swarm of...
Sep 13, 2011
Asia's hunger for energy, fuels B.C. shale hopesA game-changer; a revolution; a door-opener to new lucrative markets in Asia; the answer to commercializing remote, resource-laden plays; the launching pad for a North American gas-to-liquids breakthrough… The tight and shale gas plays of northern British Columbia - Montney, Horn River, Cordova Embayment, Liard - are touted as the underpinning for all of those dreams and more. They've attracted billions of dollars in land acquisition over the past few years and are now drawing a swarm of...
Sep 13, 2011
Deal activity slips to $28.5 billion in 2nd quarterTotal deal value for the second quarter slipped to $28.5 billion in 161 transactions, down 31% from the first quarter adjusted total transaction value of $41.8 billion.
This $28.6 billion marks the first time in six quarters that global M&A transaction value fell below $40 billion. In the first quarter, two of the three biggest deals totaling $13.2 billion failed to close. The $7.8 billion BP/Rosneft offshore partnership in the Kara Sea was on thin ice from the start with disgruntled BP-TNK...
Jul 15, 2011
Turmoil Not Reflected In Earnings; Will Help Bottom Line Next QuarterThe jump in crude oil prices caused by the Persian Gulf crisis should make the bottom line for most oil companies look a bit better. But it won't happen this quarter.
Companies that focus on oil will obviously bring in the most extra cash next quarter. Those more heavily involved in selling refined products, such as gasoline, will not fare as well.
No company is making any predictions about how the next quarter will turn out, but most admit the next quarter figures are going to show...
Sep 09, 1990
Earnings Briefs - September 30, 1990The jump in crude oil prices caused by the Persian Gulf crisis should make the bottom line for most oil companies look a bit better. But it won't happen this quarter.
Companies that focus on oil will obviously bring in the most extra cash next quarter. Those more heavily involved in selling refined products, such as gasoline, will not fare as well.
No company is making any predictions about how the next quarter will turn out, but most admit the next quarter figures are going to show marked...
Sep 02, 1990