Is Devastating Oil Crisis Ahead?
Financialsense reported on “Devastating Oil Crisis” Ahead?
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Featured Heavy Oil Companies
Radius Files Notice of Intention to Make a Proposal to Creditors
Friday, February 26, 2010
Radius Resources Corp. (TSX VENTURE:RAX) reported that the company has filed a notice of intention to make a proposal to creditors under the Bankruptcy and Insolvency Act on February 23, 2010.
Read the full article: "Radius Files Notice of Intention to Make a..."
Sahara Energy: Revocation of Cease Trade Orders
Thursday, February 25, 2010
Sahara Energy Ltd. (TSX VENTURE:SAH) (PINK SHEETS:SAHRF) reported that the British Columbia Securities Commission on February 18, 2010, and the Alberta and Ontario Securities Commissions on February 19, 2010 issued orders revoking their previous cease trade orders that trading cease in respect of the securities of the Company.
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Palliser Prices Previously Announced Financing
Wednesday, February 24, 2010
Palliser Oil & Gas Corporation (TSX VENTURE:PXL) reported that further to its February 12, 2010 news release announcing its up to $10 million Special Warrant financing, it has set the price of the offering at $0.80 per Special Warrant.
Read the full article: "Palliser Prices Previously Announced..."
Baytex Energy Trust reports year-end 2009 reserves
Monday, February 22, 2010
Baytex Energy Trust (TSX:BTE.UN)(NYSE:BTE) reported the company’s year-end 2009 reserves as evaluated by Sproule Associates Limited the independent reserves evaluator for all of Baytex’s oil and gas properties, in accordance with National Instrument 51-101. The press release is quoted as saying: Our year-end 2009 report reflects continued growth in our heavy oil reserves to 145 [...]
Read the full article: "Baytex Energy Trust reports year-end 2009..."
Investing In Oil Markets
Friday, February 19, 2010
Investopedia.com presented their view on Investing In Oil Markets: Regardless of the underlying reasons for changes in oil prices, investors who want to capitalize on energy price fluctuations have a number of options. One simple way for the average person to invest in oil is through stocks of oil drilling and service companies. Click here [...]
Read the full article: "Investing In Oil Markets"
Cinch Energy Drills Potential Wabamun Well
Friday, February 19, 2010
Cinch Energy Corp. (TSX:CNH) reported that the company has drilled and is casing a potential Wabamun gas well. The press release is quoted as saying: Cinch Energy Corp. is a junior oil and gas company with core assets in West Central Alberta and North East British Columbia. Cinch plans to grow through a combination of [...]
Read the full article: "Cinch Energy Drills Potential Wabamun Well"
Pengrowth Energy Trust reports Cash Distribution
Thursday, February 18, 2010
Pengrowth Corporation, administrator of Pengrowth Energy Trust (TSX:PGF.UN) (NYSE:PGH), reported its March 15, 2010 cash distribution will be Cdn $0.07 per trust unit. The press release is quoted as saying: Pengrowth’s operations include production from a number of conventional and unconventional assets and are evenly balanced between oil and liquids and natural gas. Future growth [...]
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Alaska North Slope oil decline to slow
Tuesday, February 16, 2010
On Tuesday, the state officials reports that the aged oil basin on Alaska’s North Slope, the site of the United States’ largest oilfields, will see production decline but at a slower rate over future decades. The press release is quoted as saying: Since North Slope production hit its peak of slightly over 2 million barrels [...]
Read the full article: "Alaska North Slope oil decline to slow"
Palliser Enters Into Financing Arrangement
Monday, February 15, 2010
Palliser Oil & Gas Corporation (TSX VENTURE:PXL) reported that the company has entered into a financing agreement with a group of agents led by Jennings Capital Inc. for gross proceeds of up to $10 million through the sale of Special Warrants. The press release is quoted as saying: Palliser intends to use the net proceeds [...]
Read the full article: "Palliser Enters Into Financing Arrangement"
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Friday, February 26, 2010