Tag: shares
Seven Generations strong Q3 results with 22% increase in funds
Production of 184 Mboe/d up 26 percent per share, per unit operating and well costs down CALGARY, ALBERTA- Seven Generations’ strong production growth drove funds from operations to $284.3 million or 78 cents per share in the third quarter of 2017, representing a 22 per cent increase in funds from operations per share compared to the […]
Oil sands giant Suncor repays US $1.25 billion bond early, buys back $2 billion of shares
Suncor announced plans to repurchase up $2 billion of the company’s shares over next twelve months, together with an early repayment of a $1.25USD billion bond, according to a press release. “Our business continues to deliver strong cash flow even at current commodity prices,” said Steve Williams, Suncor president and CEO. “We have made commitments […]
Total Energy acquires majority of Savanna shares in hostile takeover bid
Total Offer is scheduled to expire at 12:00 PM (Pacific time) on April 7, 2017 Total Energy Services Inc. says that on March 24, 2017 it acquired a majority of the outstanding common shares of Savanna Energy Services Corp., according to a company press release. The process for Total Energy to acquire additional common shares of […]
Resolute Energy acquires 3,293 net acres in Delaware Basin for $135 million
Acquisition price is $135 million, $90 million in cash and issuance to Firewheel of 2,114,523 Resolute shares($45 million) DENVER, CO – Resolute Energy Corporation reported it has entered into a definitive agreement with Firewheel Energy, LLC, a portfolio company of EnCap Investments, to acquire certain oil and gas properties located in Reeves County, Texas, for […]
Encana selling $1 billion worth of shares for Permian Basin expansion
Encana is expecting twice the amount of Permian wells on stream in 2017 compared to 2016 Encana Corporation announced a public offering to sell 107 million shares at an offering price of US$9.35 per share, for gross proceeds of US$1,000,450,000. Calgary-based Encana intends to use about half of the proceeds to fund it’s 2017 capital program, which will focus […]
Breitburn Energy kicked off Nasdaq, to begin trading on OTC market
Breitburn says there is no assurance that its securities will continue to trade on OTC Pink Sheets LOS ANGELES, Calif. – Breitburn Energy Partners LP announced that it has been suspended by NASDAQ as of Wednesday and its securities are expected to begin trading on the OTC Pink Sheets under the symbol “BBEPQ” for its common units and “BBEPP” for […]
Range Resources announces merger with Memorial Resource Development
Following the transaction, shareholders of MRD are expected to own approximately 31% of the outstanding shares of Range FORT WORTH, Texas – Range Resources Corporation and Memorial Resource Development Corp.(MRD) have announced a merger agreement under which Range will acquire all of the outstanding shares of common stock of MRD in an all-stock transaction valued at $4.4 billion. This […]
Schlumberger completes merger with Cameron
Schlumberger claims merger results in oil and gas industry’s first complete drilling and production systems HOUSTON, Texas – Schlumberger Limited announced Monday that it has closed its merger with Cameron International Corporation. As previously announced, each Cameron stockholder is entitled to receive 0.716 shares of Schlumberger common stock and $14.44 in cash, in exchange for each Cameron share. […]
Schlumberger revenue down partly due to ‘challenging currency environment’
Schlumberger North America revenue declined 39% (land down 45%, offshore down 17%) HOUSTON, Texas – Schlumberger Limited says 2015 global revenue was down 27 per cent, with a full one-third of the decline coming from the weak position of international currencies against the US dollar. “Full-year 2015 revenue of $35.5 billion decreased 27 per cent year-on-year in […]
Kinder Morgan cuts dividends, trims capex to $3.3 billion
Distributable cash flow per common share was $0.55 for Q4 2015 compared to $0.60 for Q4 2014 – Kinder Morgan update Kinder Morgan, Inc. said Thursday that its board of directors approved a quarterly cash dividend of $0.125 ($0.50 annualized) payable on Feb. 15, 2016, to shareholders of record as of the close of business on Feb. 1, 2016. […]
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