CALGARY, Alberta - PrairieSky Royalty Ltd. (TSX: PSK) (“PrairieSky” or the “Company”), Canada’s leading energy royalty business, is pleased to announce that during 2020 it received high scores from several globally recognized rating agencies, including CDP and Sustainalytics, for demonstrating outstanding performance in environmental stewardship, social responsibility, and governance (ESG). “As a leading Canadian royalty business, we understand the important role we play in taking action to [Read more]
Suncor to record impairment charge on White Rose assets
All financial figures are in Canadian dollars. CALGARY, Alberta - Suncor today advised that it will record in the fourth quarter of 2020 a non-cash after-tax impairment charge of approximately $425 million on its share of the White Rose asset and West White Rose Project. While the asset is currently producing, the West White Rose Project was intended to access 200 million barrels (gross) of crude oil and extend the life of the White Rose field by approximately 14 years. However, the recent [Read more]
Cenovus closes transaction to combine with Husky
CALGARY, Alberta - Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE) is pleased to announce that its strategic combination with Husky Energy Inc. has closed. The transaction creates a resilient integrated energy leader that is well positioned to provide superior returns for investors over the long term, as well as strong environmental, social and governance (ESG) performance. The transaction was completed through a definitive arrangement agreement announced on October 25, 2020 under which Cenovus [Read more]
Razor Energy Corp. announces deferral of interest payment
CALGARY, Alberta - Razor Energy Corp. ("Razor" or the "Company") (TSXV: RZE) is announcing that it will be deferring the scheduled December 31, 2020 interest payment to the Alberta Investment Management Corporation (“AIMCo”) under the existing $47.7 million Term Loan Facility (the “Amended Term Loan Facility”). The interest will be capitalized, adding to the principal of the existing Amended Term Loan Facility. The Amended Term Loan Facility matures on January 31, 2021 and bears an interest [Read more]
TC Energy provides conversion right and dividend rate notice for Series 5 and 6 preferred shares
CALGARY, Alberta, Dec. 31, 2020 (GLOBE NEWSWIRE) -- News Release – TC Energy Corporation (TSX:TRP) (NYSE:TRP) (TC Energy) announced today that it does not intend to exercise its right to redeem its Cumulative Redeemable First Preferred Shares, Series 5 (Series 5 Shares) and Cumulative Redeemable First Preferred Shares, Series 6 (Series 6 Shares) on January 30, 2021. As a result, subject to certain conditions: (a) the holders of Series 5 Shares have the right to choose one of the following [Read more]
Cardinal Energy Ltd. announces closing of private placement
CALGARY, Alberta- Cardinal Energy Ltd. ("Cardinal" or the "Company") (TSX: CJ) announces that it has closed the non-brokered private placement (the "Private Placement") of 2nd lien secured notes for gross proceeds of $16,244,000 and 8,122,000 units (the "Units") at a subscription price of $0.50 per Unit for proceeds of $4,061,000 as announced on December 2, 2020. The proceeds from the Private Placement will be used to repay Cardinal's outstanding 5.50% convertible subordinated debentures which [Read more]
TransGlobe Energy Corporation announces Director/PDMR Shareholdings
CALGARY, Alberta - TransGlobe Energy Corporation (“TransGlobe” or the “Company”) announces that it was notified on December 22, 2020 that Steven Sinclair acquired common shares as follows. PDMR Date of Acquisition Number of Common Shares Acquired Price Number of Common Shares held following the transaction % of Company's issued share capital held Steven Sinclair December 22, 2020 25,000 CAD $1.1374 75,000 0.103% Notification of a [Read more]
Gibson Energy announces redemption of convertible debentures
CALGARY, Alberta - Gibson Energy Inc. announced today that it has completed the previously announced redemption of its outstanding 5.25% convertible unsecured debentures due July 15, 2021 (the “Debentures”). The redemption terms were in accordance with the provisions of the trust indenture governing the Debentures, and were as follows: Redemption Date December 23, 2020 Redemption Price $1,000 per $1,000 principal amount Accrued and Unpaid Interest $23.16 per $1,000 [Read more]
Questerre expands Clean Tech Pilot engineering to include hydrogen
CALGARY, Alberta - Questerre Energy Corporation (“Questerre” or the “Company”) (TSX,OSE:QEC) reported today on the recent launch of the Hydrogen Strategy for Canada by the Federal Government. Michael Binnion, President and Chief Executive Officer of Questerre, commented, “Hydrogen is becoming more important as a transition fuel to meet governments’ net-zero targets. Last week, the Government of Canada announced its national hydrogen strategy. It recognizes the role of blue hydrogen, hydrogen [Read more]
Gibson Energy announces closing of $250 million hybrid note offering
All financial figures are in Canadian dollars unless otherwise noted CALGARY, Alberta - Gibson Energy Inc. announced today that it has closed the previously announced offering of $250 million of 5.25% fixed-to-fixed rate subordinated notes due December 22, 2080 (the “Offering”). Gibson intends to use the net proceeds from the Offering to fund the previously announced redemption of the 5.25% convertible unsecured debentures due July 15, 2021, to reduce outstanding indebtedness under its [Read more]
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