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Stock Market & Financial Investment News

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December 11, 2013
07:31 EDTBNSScotiabank announces partnership with Bank of Beijing
Scotiabank has reached an agreement with the Bank of Beijing to help immigrants, international students and foreign workers moving to Canada begin their financial transition before they leave China. Under Scotiabank's cooperation agreement with the Bank of Beijing, Chinese immigrants, international students and foreign workers planning to move to Canada are able to open a bank account and apply for a credit card with Scotiabank through approximately 20 participating Bank of Beijing locations in China. Once in Canada, customers can visit their local Scotiabank branch to activate their accounts, receive their credit card and take advantage of additional benefits included in the Scotiabank StartRight Program, Scotiabank's banking package designed for newcomers to Canada.
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April 15, 2014
16:24 EDTBNSScotiabank announces retirement of COO Sabi Marwah
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April 9, 2014
07:07 EDTBNSGulfport Energy sees Q1 production averaged 27,100 BOEPD ex-items
Gulfport (GPOR) currently estimates that Q1 production averaged approximately 27,100 barrels of oil equivalent per day, which excludes approximately 900 BOEPD during Q1 attributable to the previously announced acquisition of Rhino Resources (RNO) interests in the Utica Shale. The production mix for Q1 was approximately 48% oil and natural gas liquids and 52% natural gas. Proforma of the Rhino transaction, Gulfport estimates that Q1 production averaged approximately 28K BOEPD. In the Canadian Oil Sands, Grizzly Oil Sands, in which Gulfport owns a 24.9% interest, achieved first bitumen production at its first SAGD facility at Algar Lake during Q1. Grizzly currently has seven of the ten well pairs on full steam circulation and expects to have all ten well pairs on full circulation in the coming month. During March, Algar Lake production averaged approximately 30 barrels of bitumen per day. Grizzly continues to see the production ramp as expected during steam circulation. Grizzly's Windell rail transloading facility at Conklin, Alberta commenced operations during Q1 and the first load of dilbit from Algar Lake was hauled by truck to the Windell terminal for sales to the U.S. Gulf Coast market. In connection with the spring redetermination of Gulfport's revolving credit facility, the Bank of Nova Scotia (BNS) has provided a commitment letter that increases Gulfport's borrowing base from $150M-$275M, subject to the approval of the additional banks within the syndicate.

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