CALGARY, AB - Waterous Energy Fund ("WEF") and its subsidiary WEF Osum Acquisition Corp. (the "Offeror") are pleased to announce that each of the conditions to the offer dated November 4, 2020, as amended, to acquire up to 57,000,000 common shares ("Osum Shares") of Osum Oil Sands Corp. ("Osum") at a price of $3.00 per share (the "Offer") have been satisfied, including the condition prescribed by applicable securities laws that more than 50% of the Osum Shares not owned by WEF be tendered to the [Read more]
Journey Energy Inc. announces termination of proposed Countess asset sale
CALGARY, AB - Journey Energy Inc. (TSX: JOY) (OTCQX: JRNGF) ("Journey" or the "Company") reports that it has today formally terminated the purchase and sale agreement with the third-party purchaser for Journey's recently commissioned 4.2 megawatt power plant and the associated Countess natural gas assets (collectively the "Countess Assets"). Journey has decided to terminate the agreement with the third party rather than provide a further extension to the closing date. The disposition of the [Read more]
Perpetual Energy Inc. announces extension of credit facility redetermination
Calgary, AB - (TSX:PMT) – Perpetual Energy Inc. ("Perpetual" or the "Company") announced today that the maturity date applicable to the Company's credit facility has been extended to April 30, 2021 and the $20 million borrowing limit maintained. The borrowing limit is scheduled to be redetermined and the revolving credit period extended on or before April 30, 2021. The extension of the revolving credit period provides additional time to finalize negotiations with its lenders and for the Company [Read more]
Topaz Energy Corp. declares quarterly dividend
CALGARY, AB - Topaz Energy Corp. (TSX: TPZ) ("Topaz" or the "Company") is pleased to announce that its Board of Directors has declared a quarterly cash dividend on its common shares of $0.20 per common share. The dividend will be payable March 31, 2021 to shareholders of record at the close of business on March 15, 2021. This quarterly cash dividend is designated as an "eligible dividend" for Canadian income tax purposes. About Topaz Energy Corp. Topaz is a unique royalty and energy [Read more]
ARC Resources and Seven Generations to hold special shareholder meetings on proposed business combination
CALGARY, AB - (TSX: ARX) (TSX: VII) ARC Resources Ltd. ("ARC") and Seven Generations Energy Ltd. ("Seven Generations") announced today that they have filed a joint management information circular (the "Circular") dated March 1, 2021 and related meeting and proxy materials in connection with the proposed business combination (the "Business Combination") to create the premier Montney producer and leader in responsible energy development. The meeting materials will be mailed to ARC and Seven [Read more]
Tamarack Valley Energy Ltd. announces fourth quarter and year end 2020 financial results and reserves highlights
CALGARY, AB - Tamarack Valley Energy Ltd. ("Tamarack" or the "Company") is pleased to announce its financial and operating results for the three months and year ended December 31, 2020 and the results of its independent oil and gas reserves evaluation as of December 31, 2020, prepared by GLJ Ltd. ("GLJ") (the "GLJ Report"). Selected financial, operational and reserves information is outlined below and should be read with Tamarack's audited consolidated financial statements ("Financial [Read more]
Pembina Pipeline Corporation files 2020 year-end disclosure documents
CALGARY, AB - Pembina Pipeline Corporation ("Pembina" or "the Company") (TSX: PPL) (NYSE: PBA) has filed its audited consolidated financial statements for the year ended December 31, 2020 as well as the related management's discussion and analysis, with Canadian securities regulatory authorities. Pembina has also filed its Form 40-F for the year ended December 31, 2020 with the U.S. Securities and Exchange Commission. Investors and other stakeholders can obtain these documents via www.sedar.com, [Read more]
Crude-by-rail exports are rebounding after a drastic drop in 2020 due to COVID and other factors
CALGARY - Canadian Crude by rail exports fell by nearly 40 per cent in 2020, averaging 172,013 barrels per day (b/d), compared to 280,272 b/d in 2019, according to the Canada Energy Regulator (CER). While the OPEC+ price war played a role in the initial drop of oil production in 2020, the COVID-19 pandemic caused lower oil demand and a continued drop in crude oil production in Western Canada leading to excess pipeline capacity and lower volumes of crude oil being shipped via rail for much [Read more]
AltaGas announces strong Q4 and 2020 results
CALGARY, AB - AltaGas Ltd. ("AltaGas" or the "Company") (TSX: ALA) today reported fourth quarter and full-year 2020 financial results. The Company also reaffirmed its 2021 guidance and provided an update on its operations and outlook. HIGHLIGHTS (all financial figures are unaudited and in Canadian dollars, unless otherwise noted) Normalized EPS1 of $0.53 in the fourth quarter and $1.42 for the full year in 2020 continued to demonstrate strong execution and the Company's focus on [Read more]
Advantage Announces Revised 2021 Guidance, 2020 Year-End Results, and Reserves Highlights
CALGARY, AB, Feb. 25, 2021 /CNW/ - Advantage Oil & Gas Ltd. ("Advantage" or the "Corporation") is pleased to announce increased 2021 production guidance, reduced 2021 capital guidance, and 2020 year-end results and reserves highlights. Results from Advantage's 2020 drilling program have exceeded expectations both in costs and well performance, positively impacting our 2020 reserves, financial outlook and 2021 guidance. Drilling in 2020 was entirely gas-focused at Glacier, with the first [Read more]
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