Heritage Petroleum News

Oil & Gas News for energy industry professionals.

Energy stocks fuel ASX to narrow weekly gain

The benchmark S&P/ASX 200 shed 0.7 per cent to 5751.7 on Friday, taking its weekly gain to 0.4 per cent, while the broader All Ordinaries index rose by a similar proportion. Providing support to the index were the major energy stocks, after the oil price surged strongly from the start of the week to Thursday before declining after Friday's OPEC meeting.

Alberta Energy Regulator to reconsider Suncor tailings plan it rejected

Alberta's energy watchdog has agreed to reconsider its rejection of a plan by oilsands giant Suncor to clean up its tailings ponds. The Alberta Energy Regulator denied the Calgary-based company's applications in March, saying they did not satisfy requirements and a new proposal was needed.

Top Paid CEO In South Dakota Is In Energya

A new survey shows the top paid executive in South Dakota is in the energy industry. Calculations by The Associated Press and the executive data firm Equilar show Black Hills Corp. CEO David Emery tops the compensation list in South Dakota, earning $4.1 million last year.

Anadarko to shut down well linked to fatal Firestone explosion

A home explosion in Firestone Monday, April 17, 2017 killed two and sent two people to the hospital. The company that owns a gas well linked to a fatal home explosion in Colorado says it will permanently shut down that well and two others in the neighborhood.

Royal Dutch Shell: 6.8% Dividend Yield With Room For Growth

Oil prices are gradually on the rise, after bottoming out in 2016. Oil prices sank below $30 per barrel in the U.S. last year, but recently reclaimed $50 per barrel.

Company to shut down well linked to fatal Colorado explosion

The company that owns a gas well linked to a fatal home explosion in Colorado says it will permanently shut down that well and two others in the neighborhood. Anadarko Petroleum announced the shut-down Wednesday in Firestone, where an April 17 explosion killed two people.

MINDBODY Announces Pricing of Follow-On Offering

MINDBODY, Inc. today announced the pricing of its underwritten registered public offering of 4,400,000 shares of its Class A common stock at a price to the public of $27.95 per share. MINDBODY also granted the underwriters an option to purchase up to an additional 660,000 shares of its Class A common stock.

Most actively traded companies on the TSX

Aimia Inc. . Loyalty programs. Down 28 cents, or 11.57 per cent, to $2.14 on 8.2 million shares.

Why Long-Term Investors Should Prefer Kinder Morgan Inc Over Energy Transfer Partners LP

The company currently yields a gaudy 9.3% and plans to increase the payout by a low-double-digit rate over the near term while maintaining at least 1.0 times distribution coverage. Moreover, it intends to achieve that growth while progressively improving its leverage ratio from the current 5.0 times debt-to-EBITDA to below 4.0 times over the next 12 to 18 months.

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