Moody’s Confirms Nexen’s Investment Grade Credit Rating

Earlier today, Moody’s Investors Service announced the completion of their credit review and confirmed Nexen’s Baa3 rating with a negative outlook. We expect to retain this rating and remove the negative outlook by reducing our debt to levels commensurate with the rating by late this year or early 2012, and retaining sufficient cash to fund... 

Vermilion Energy Inc. Files Annual Information Form and Annual Report

Vermilion Energy Inc. announces the submission of its Annual Information Form (“AIF”) for the year ended December 31, 2010 to the System for Electronic Document Analysis and Retrieval. The AIF contains Vermilion’s Statement of Reserves Data and Other Oil and Gas Information as required under National Instrument 51-101. Vermilion has also filed... 

Algonquin Power & Utilities Corp. Announces 2010 Fourth Quarter and Year End Financial Results

Algonquin Power & Utilities Corp. today announced financial results for the fourth quarter and year ended December 31, 2010. On October 27, 2009, Algonquin Power Income Fund became a wholly owned subsidiary of Algonquin Power & Utilities Corp. (collectively “APUC”), maintaining the same operations and business activities, but under... 

Petro One Calls Meeting to Ratify Shareholder Protection Rights Plan

Petro One Energy Corp. announced that the Board of Directors had approved the adoption of a shareholder protection rights plan (the “Plan”), also known as a “poison pill”. The fundamental objectives of the Plan are to provide adequate time for the Board of Directors and shareholders to assess the merits of any unsolicited take-over... 

MarkWest Energy Partners Closes Public Offering of $300 Million of 6.5% Senior Notes Due 2021

MarkWest Energy Partners, L.P. (NYSE:MWE – News) and its subsidiary MarkWest Energy Finance Corporation announced today the closing of a public offering of $300,000,000 of 6.5% senior unsecured notes due 2021 (the “Notes”) at par. The Partnership intends to use the net proceeds from the Notes offering to purchase later today $272,205,000 aggregate... 

Infinity Secures Additional Financing and Enters Into Forbearance Agreement With Amegy Bank, N.A.

Infinity Energy Resources, Inc. an independent oil and gas exploration and development company, today announced that it has secured $1,050,000 in additional financing and entered into a Forbearance Agreement (the “Agreement”) dated February 16, 2011 with Amegy Bank, N.A. (“Amegy”) under the Loan Agreement, dated January 9, 2007,... 

Odyssey Petroleum Corp.: Corporate Update

Odyssey Petroleum Corp.has made a final application to the TSX Venture Exchange and is waiting for its acceptance for reinstatement to trading. Upon confirmation from the Exchange that ODE may resume trading, as announced in ODE’s Press Release dated January 21, 2011 the Company intends to continue preparation of required documentation to consolidate... 

Global MobileTech Announces DTC Eligibility

Global MobileTech, Inc. a diversified renewable energy, mobile VoIP communications and advertising company, today announced that the Company has been granted eligibility status by the Depository Trust Company (DTC). DTC provides clearance, settlement, and information services for equities, corporate and municipal bonds, unit investment trusts, and... 

Exxon profit up, tops Street on taxes and output

Exxon Mobil Corp reported a better-than-expected 53 percent increase in quarterly profit, helped by a lower tax rate and a surge in natural gas production in the United States and Qatar. Oil demand rose last year and the U.S. government expects another 1.5 percent gain this year as businesses’ and consumers’ appetite for fuels like diesel... 

ZBB Energy Corporation Closes Additional $2 Million Financing

ZBB Energy Corporation today announced that it has closed a $2 million tranche with Socius Capital. In connection with the tranche, Socius (1) purchased for cash $2 million of Series A preferred stock and (2) purchased for a secured promissory note $2.7 million of shares of common stock priced at $1.41 per share. In addition, the Company reported that...