CALGARY, AB - Entropy Inc. ("Entropy" or the "Corporation"), a subsidiary of Advantage Energy Ltd. ("Advantage"), is pleased to provide an operational update on its first post-combustion carbon capture and storage ("CCS") project at the Glacier Gas Plant in Alberta, Canada. Commissioning of Phase 1 (47,000 tonnes per annum of CO2e ("TPA")) has been completed as expected with "first carbon" injected into permanent geological storage during August. Entropy believes this is the world's first [Read more]
Enbridge and Indigenous communities announce landmark equity partnership for $1.12 billion
EDMONTON, AB - Enbridge Inc. (Enbridge or the Company) (TSX: ENB) (NYSE: ENB) and 23 First Nation and Métis communities today announced an agreement whereby the communities will acquire, collectively, an 11.57% non-operating interest in seven Enbridge-operated pipelines in the Athabasca region of northern Alberta for $1.12 billion. A newly created entity, Athabasca Indigenous Investments (Aii), will steward this investment, which represents the largest energy-related [Read more]
Tamarack Valley Energy Ltd. announces closing of previously announced equity financing
CALGARY, AB - Tamarack Valley Energy Ltd. ("Tamarack" or the "Company") (TSX: TVE) is pleased to announce the closing of the previously announced bought-deal financing (the "Financing") of 33,334,000 common shares of Tamarack ("Common Shares") at a price of $3.75 per Common Share for gross proceeds of approximately $125 million. In addition, the overallotment option was exercised in full by the underwriting syndicate adding 5,000,100 Common Shares and additional gross proceeds of [Read more]
Tidewater announce third quarter 2022 dividend
CALGARY, AB - Tidewater Midstream and Infrastructure Ltd. ("Tidewater") (TSX: TWM) is pleased to announce that its Board of Directors has declared a dividend for the third quarter 2022 of $0.01 per common share payable on or about October 31, 2022 to shareholders of record on September 30, 2022. The ex-dividend date is September 29, 2022. This dividend is an eligible dividend for the purpose of the Income Tax Act (Canada). ABOUT TIDEWATER Tidewater is traded on the TSX under the symbol "TWM". [Read more]
Tamarack Valley Energy announces closing of supplemental $100 million addition to first sustainability-linked note issuance in the North American oil & gas producer space
CALGARY, AB, - Tamarack Valley Energy Ltd. ("Tamarack" or the "Company") (TSX: TVE) announces that it has successfully closed the previously announced private placement offering (the "Private Placement") of $100 million aggregate principal amount of 7.25% senior unsecured sustainability-linked notes due May 10, 2027 (the "Notes"). The Company intends to use the net proceeds of the Private Placement to fund a portion of the purchase price for Tamarack's previously announced acquisition of [Read more]
Surge Energy Inc. announces notice of redemption of 5.75% convertible debentures
CALGARY, AB - Surge Energy Inc. ("Surge", "SGY", or the "Company") (TSX: SGY) is pleased to announce that it is issuing a notice of redemption to holders of its currently outstanding $44,500,000 5.75% Convertible Unsecured Subordinated Debentures due December 31, 2022 (the "Debentures"). The Debentures are not subject to a pre-payment penalty. As set out in the notice of redemption, Surge will redeem, as of October 28, 2022 ("Redemption Date"), all of the aggregate principal amount of the [Read more]
ARC Resources corrects ex-dividend date for the Q3 2022 dividend payment
CALGARY, AB - (ARX: TSX) ARC Resources Ltd. ("ARC") announces a correction to the ex-dividend date for the dividend payment on October 17, 2022. The ex-dividend date will be September 28, 2022, rather than the previously announced date of September 29, 2022, due to the statutory holiday on September 30, 2022. All other dates and information relating to the dividend payment on October 17, 2022, previously communicated in ARC's September 15, 2022 press release, remain unchanged. About ARC ARC [Read more]
Pembina Pipeline Corporation announces conversion results for Series 15 preferred shares
CALGARY, AB - Pembina Pipeline Corporation ("Pembina") (TSX: PPL) (NYSE: PBA) announced today that none of Pembina's Cumulative Redeemable Rate Reset Class A Preferred Shares, Series 15 ("Series 15 Shares") (TSX: PPL.PR.O) will be converted into Cumulative Redeemable Floating Rate Class A Preferred Shares, Series 16 of Pembina ("Series 16 Shares") on October 3, 2022. After taking into account all the conversion notices received from holders of its outstanding Series 15 Shares by [Read more]
Tamarack Valley Energy announces declaration of monthly dividend
CALGARY, AB - Tamarack Valley Energy Ltd. ("Tamarack" or the "Company") (TSX: TVE) is pleased to announce that the Board of Directors has declared a monthly cash dividend on its common shares of C$0.0100 per share in accordance with the Company's dividend policy. The dividend will be payable on October 14, 2022, to shareholders of record at the close of business on September 30, 2022. This monthly cash dividend is designated as an "eligible dividend" for Canadian income tax purposes. About [Read more]
Kiwetinohk closes Montney consolidation
CALGARY, AB - Kiwetinohk Energy Corp. (TSX: KEC) today announced the closing of its Placid Montney asset consolidation (the Montney Acquisition) for an adjusted closing price of $58.3 million. Kiwetinohk announced the deal on August 24, 2022 and posted a news release and updated corporate presentation on September 14, 2022, providing detailed consolidated pro-forma highlights. As stated in the news release on September 14, the Montney Acquisition increases the Company's working interest in [Read more]
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